Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Vericel Corp shares valued at $499,900 were sold by Hopper Jonathan Mark on May 20 ’24. At $49.99 per share, Hopper Jonathan Mark sold 10,000 shares. The insider’s holdings dropped to 58,116 shares worth approximately $2.53 million following the completion of this transaction.
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Also, Colangelo Dominick sold 17,500 shares, netting a total of over 837,375 in proceeds. Following the sale of shares at $47.85 each, the insider now holds 220,752 shares.
Before that, Colangelo Dominick had sold 17,500 shares from its account. In a trade valued at $869,225, the President and CEO traded Vericel Corp shares for $49.67 each. Upon closing the transaction, the insider’s holdings decreased to 17,500 shares, worth approximately $9.61 million.
As published in a research note from Truist on January 25, 2024, Vericel Corp [VCEL] has been rated up from a Hold to a Buy and the price target has been revised to $51 from $39. Analysts at BTIG Research upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early August. As of November 10, 2022, BTIG Research has decreased its “Buy” rating to a “Neutral” for VCEL. Earlier on November 09, 2022, Truist downgraded its rating. Their new recommendation was “a Hold” for VCEL stock which previously was a “a Buy”.
Analyzing VCEL Stock Performance
During the last five days, there has been a drop of approximately -7.11%. Over the course of the year, Vericel Corp shares have jumped approximately 22.21%. Shares of the company reached a 52-week high of $53.05 on 04/01/24 and a 52-week low of $32.31 on 01/08/24. A 50-day SMA is recorded $47.54, while a 200-day SMA reached $40.80. Nevertheless, trading volume fell to 0.54 million shares from 0.53 million shares the previous day.
Support And Resistance Levels for Vericel Corp (VCEL)
According to the 24-hour chart, there is a support level at 42.71, which, if violated, would cause prices to drop to 41.91. In the upper region, resistance lies at 44.73. The next price resistance is at 45.94. RSI (Relative Strength Index) is 36.48 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.73, which suggests the price will decrease in the coming days. Percent R is at 81.35%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
