Vericel Corp’s recently made public that its President and CEO Colangelo Dominick unloaded Company’s shares for reported $0.78 million on Apr 18 ’24. In the deal valued at $44.59 per share,17,500 shares were sold. As a result of this transaction, Colangelo Dominick now holds 195,307 shares worth roughly $9.67 million.
Then, Colangelo Dominick sold 17,500 shares, generating $813,225 in total proceeds. Upon selling the shares at $46.47, the President and CEO now owns 195,307 shares.
Before that, ZERBE ROBERT L MD sold 3,278 shares. Vericel Corp shares valued at $169,046 were divested by the Director at a price of $51.57 per share. As a result of the transaction, ZERBE ROBERT L MD now holds 23,395 shares, worth roughly $1.16 million.
Truist upgraded its Vericel Corp [VCEL] rating to a Buy from a a Hold in a research note published on January 25, 2024; the price target was increased to $51 from $39. A number of analysts have revised their coverage, including BTIG Research’s analysts, who increased its forecast for the stock in early August from “a Neutral” to “a Buy”. BTIG Research also remained covering VCEL and has decreased its forecast on November 10, 2022 with a “Neutral” recommendation from previously “Buy” rating. Truist revised its rating on November 09, 2022. It rated VCEL as “a Hold” which previously was an “a Buy”.
Price Performance Review of VCEL
On Tuesday, Vericel Corp [NASDAQ:VCEL] saw its stock jump 5.50% to $49.52. Over the last five days, the stock has gained 7.96%. Vericel Corp shares have risen nearly 39.06% since the year began. Nevertheless, the stocks have risen 49.88% over the past one year. While a 52-week high of $53.05 was reached on 04/01/24, a 52-week low of $30.18 was recorded on 01/08/24. SMA at 50 days reached $47.16, while 200 days put it at $39.08. A total of 0.51 million shares were traded, compared to the trading of 0.49 million shares in the previous session.
Levels Of Support And Resistance For VCEL Stock
The 24-hour chart illustrates a support level at 47.73, which if violated will result in even more drops to 45.94. On the upside, there is a resistance level at 50.58. A further resistance level may holdings at 51.64. The Relative Strength Index (RSI) on the 14-day chart is 59.29, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.75, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 4.41%. Stochastics %K at 82.28% indicates the stock is a selling.
