In a filing, Vericel Corp revealed its Chief Medical Officer Hopper Jonathan Mark unloaded Company’s shares for reported $0.5 million on May 20 ’24. In the deal valued at $49.99 per share,10,000 shares were sold. As a result of this transaction, Hopper Jonathan Mark now holds 58,116 shares worth roughly $2.99 million.
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Then, Colangelo Dominick sold 17,500 shares, generating $837,375 in total proceeds. Upon selling the shares at $47.85, the President and CEO now owns 220,752 shares.
Before that, Colangelo Dominick sold 17,500 shares. Vericel Corp shares valued at $869,225 were divested by the President and CEO at a price of $49.67 per share. As a result of the transaction, Colangelo Dominick now holds 220,752 shares, worth roughly $11.38 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 0.78% to $51.53. Over the last five days, the stock has gained 6.18%. Vericel Corp shares have risen nearly 44.71% since the year began. Nevertheless, the stocks have risen 58.51% 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 $47.85, while 200 days put it at $39.74. A total of 0.39 million shares were traded, compared to the trading of 0.29 million shares in the previous session.
Levels Of Support And Resistance For VCEL Stock
The 24-hour chart illustrates a support level at 50.67, which if violated will result in even more drops to 49.81. On the upside, there is a resistance level at 52.17. A further resistance level may holdings at 52.82. The Relative Strength Index (RSI) on the 14-day chart is 62.58, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.64, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 6.63%. Stochastics %K at 84.19% indicates the stock is a selling.
