In a filing, Verisign Inc. revealed its EVP – Engineering & CSO McPherson Danny R unloaded Company’s shares for reported $0.2 million on May 17 ’24. In the deal valued at $170.14 per share,1,200 shares were sold. As a result of this transaction, McPherson Danny R now holds 29,181 shares worth roughly $5.09 million.
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Then, Buchalter Yehuda Ari sold 734 shares, generating $124,791 in total proceeds. Upon selling the shares at $170.01, the Director now owns 2,927 shares.
Before that, Buchalter Yehuda Ari sold 866 shares. Verisign Inc. shares valued at $147,232 were divested by the Director at a price of $170.01 per share. As a result of the transaction, Buchalter Yehuda Ari now holds 3,661 shares, worth roughly $0.64 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 Friday, Verisign Inc. [NASDAQ:VRSN] saw its stock jump 2.80% to $174.32. Over the last five days, the stock has gained 1.35%. Verisign Inc. shares have fallen nearly -15.36% since the year began. Nevertheless, the stocks have fallen -21.94% over the past one year. While a 52-week high of $227.34 was reached on 01/24/24, a 52-week low of $167.04 was recorded on 05/02/24. SMA at 50 days reached $178.97, while 200 days put it at $197.09. A total of 1.31 million shares were traded, compared to the trading of 0.7 million shares in the previous session.
Levels Of Support And Resistance For VRSN Stock
The 24-hour chart illustrates a support level at 171.08, which if violated will result in even more drops to 167.85. On the upside, there is a resistance level at 176.05. A further resistance level may holdings at 177.79. The Relative Strength Index (RSI) on the 14-day chart is 51.24, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 17.18%. Stochastics %K at 43.62% indicates the stock is a holding.
