In a filing, Verisign Inc. revealed its EVP, Gen Counsel & Secretary Indelicarto Thomas C unloaded Company’s shares for reported $0.12 million on Apr 02 ’24. In the deal valued at $190.00 per share,614 shares were sold. As a result of this transaction, Indelicarto Thomas C now holds 42,569 shares worth roughly $7.97 million.
Then, Indelicarto Thomas C sold 613 shares, generating $117,923 in total proceeds. Upon selling the shares at $192.37, the EVP, Gen Counsel & Secretary now owns 43,183 shares.
Before that, Indelicarto Thomas C sold 613 shares. Verisign Inc. shares valued at $117,727 were divested by the EVP, Gen Counsel & Secretary at a price of $192.05 per share. As a result of the transaction, Indelicarto Thomas C now holds 43,796 shares, worth roughly $8.2 million.
Robert W. Baird downgraded its Verisign Inc. [VRSN] rating to a Neutral from a an Outperform in a research note published on July 11, 2023; the price target was decreased to $245 from $265. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who increased its forecast for the stock in mid December from “a Neutral” to “an Outperform”. Citigroup began covering VRSN with “Buy” recommendation on December 13, 2022. Robert W. Baird revised its rating on April 29, 2022. It rated VRSN as “a Neutral” which previously was an “an Outperform”.
Price Performance Review of VRSN
On Monday, Verisign Inc. [NASDAQ:VRSN] saw its stock fall -0.35% to $187.17. Over the last five days, the stock has lost -1.15%. Verisign Inc. shares have fallen nearly -9.12% since the year began. Nevertheless, the stocks have fallen -11.90% over the past one year. While a 52-week high of $229.72 was reached on 01/24/24, a 52-week low of $185.19 was recorded on 03/25/24. SMA at 50 days reached $193.61, while 200 days put it at $204.36. A total of 0.71 million shares were traded, compared to the trading of 0.1 million shares in the previous session.
Levels Of Support And Resistance For VRSN Stock
The 24-hour chart illustrates a support level at 186.39, which if violated will result in even more drops to 185.61. On the upside, there is a resistance level at 188.03. A further resistance level may holdings at 188.89. The Relative Strength Index (RSI) on the 14-day chart is 39.67, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.69, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.65%. Stochastics %K at 27.53% indicates the stock is a holding.
How much short interest is there in Verisign Inc.?
A steep rise in short interest was recorded in Verisign Inc. stocks on Mar 15, 2024, growing by 10000.0 shares to a total of 1.76 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 1.75 million shares. There was a rise of 0.57%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.02% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.92.
