The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Veracyte Inc shares valued at $216,528 were sold by EASTHAM KARIN on Apr 01 ’24. At $21.65 per share, EASTHAM KARIN sold 10,000 shares. The insider’s holdings dropped to 33,125 shares worth approximately $0.62 million following the completion of this transaction.
Also, JONES EVAN/ FA sold 10,000 shares, netting a total of over 243,599 in proceeds. Following the sale of shares at $24.36 each, the insider now holds 37,601 shares.
Before that, JONES EVAN/ FA had sold 3,090 shares from its account. In a trade valued at $93,232, the Director traded Veracyte Inc shares for $30.17 each. Upon closing the transaction, the insider’s holdings decreased to 3,090 shares, worth approximately $0.66 million.
As published in a research note from Needham on February 23, 2024, Veracyte Inc [VCYT] has been retained to a Buy and the price target has been revised to $33. Analysts at Raymond James downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in mid January. As of January 05, 2023, Scotiabank has initiated its “Sector outperform” rating for VCYT. Earlier on January 07, 2022, Stephens initiated its rating. Their recommendation was “an Overweight” for VCYT stock.
Analyzing VCYT Stock Performance
During the last five days, there has been a drop of approximately -8.93%. Over the course of the year, Veracyte Inc shares have dropped approximately -31.44%. Shares of the company reached a 52-week high of $29.16 on 01/08/24 and a 52-week low of $18.73 on 04/16/24. A 50-day SMA is recorded $22.45, while a 200-day SMA reached $24.47. Nevertheless, trading volume fell to 0.66 million shares from 0.83 million shares the previous day.
Support And Resistance Levels for Veracyte Inc (VCYT)
According to the 24-hour chart, there is a support level at 18.62, which, if violated, would cause prices to drop to 18.38. In the upper region, resistance lies at 19.22. The next price resistance is at 19.58. RSI (Relative Strength Index) is 30.81 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.39, which suggests the price will decrease in the coming days. Percent R is at 96.41%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
