In a filing, Veracyte Inc revealed its Director EASTHAM KARIN unloaded Company’s shares for reported $0.22 million on Apr 01 ’24. In the deal valued at $21.65 per share,10,000 shares were sold. As a result of this transaction, EASTHAM KARIN now holds 33,125 shares worth roughly $0.67 million.
Then, JONES EVAN/ FA sold 10,000 shares, generating $243,599 in total proceeds. Upon selling the shares at $24.36, the Director now owns 37,601 shares.
Before that, JONES EVAN/ FA sold 3,090 shares. Veracyte Inc shares valued at $93,232 were divested by the Director at a price of $30.17 per share. As a result of the transaction, JONES EVAN/ FA now holds 35,173 shares, worth roughly $0.71 million.
Needham reiterated its Veracyte Inc [VCYT] rating to a Buy in a research note published on February 23, 2024; the price target was $33. A number of analysts have revised their coverage, including Raymond James’s analysts, who decreased its forecast for the stock in mid January from “an Outperform” to “a Mkt perform”. Scotiabank began covering VCYT with “Sector outperform” recommendation on January 05, 2023. Stephens started covering the stock on January 07, 2022. It rated VCYT as “an Overweight”.
Price Performance Review of VCYT
On Friday, Veracyte Inc [NASDAQ:VCYT] saw its stock fall -2.41% to $20.23. Over the last five days, the stock has gained 0.55%. Veracyte Inc shares have fallen nearly -26.46% since the year began. Nevertheless, the stocks have fallen -4.84% over the past one year. While a 52-week high of $30.52 was reached on 01/08/24, a 52-week low of $19.52 was recorded on 04/10/24. SMA at 50 days reached $22.80, while 200 days put it at $24.57. A total of 0.56 million shares were traded, compared to the trading of 0.43 million shares in the previous session.
Levels Of Support And Resistance For VCYT Stock
The 24-hour chart illustrates a support level at 19.96, which if violated will result in even more drops to 19.69. On the upside, there is a resistance level at 20.56. A further resistance level may holdings at 20.89. The Relative Strength Index (RSI) on the 14-day chart is 38.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.36, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.70%. Stochastics %K at 32.58% indicates the stock is a holding.
