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Investing in Verisign Inc. (VRSN) Is Getting More Attractive

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 11 ’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 41,955 shares worth roughly $7.35 million.

Then, Indelicarto Thomas C sold 614 shares, generating $116,660 in total proceeds. Upon selling the shares at $190.00, the EVP, Gen Counsel & Secretary now owns 42,569 shares.

Before that, Indelicarto Thomas C sold 613 shares. Verisign Inc. shares valued at $117,923 were divested by the EVP, Gen Counsel & Secretary at a price of $192.37 per share. As a result of the transaction, Indelicarto Thomas C now holds 43,183 shares, worth roughly $7.56 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 -0.21% to $175.11. Over the last five days, the stock has lost -5.21%. Verisign Inc. shares have fallen nearly -14.98% since the year began. Nevertheless, the stocks have fallen -19.27% over the past one year. While a 52-week high of $229.72 was reached on 01/24/24, a 52-week low of $174.51 was recorded on 04/29/24. SMA at 50 days reached $189.00, while 200 days put it at $201.56. A total of 1.27 million shares were traded, compared to the trading of 1.93 million shares in the previous session.

Levels Of Support And Resistance For VRSN Stock

The 24-hour chart illustrates a support level at 173.43, which if violated will result in even more drops to 171.75. On the upside, there is a resistance level at 177.64. A further resistance level may holdings at 180.17. The Relative Strength Index (RSI) on the 14-day chart is 26.99, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.58, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.04%. Stochastics %K at 9.18% indicates the stock is a buying.

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