Vericel Corp’s filing revealed that its President and CEO Colangelo Dominick unloaded Company’s shares for reported $0.75 million on Jun 13 ’24. In the deal valued at $43.10 per share,17,500 shares were sold. As a result of this transaction, Colangelo Dominick now holds 220,752 shares worth roughly $9.21 million.
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Then, Colangelo Dominick sold 17,500 shares, generating $772,100 in total proceeds. Upon selling the shares at $44.12, the President and CEO now owns 220,752 shares.
Before that, Hopper Jonathan Mark sold 10,000 shares. Vericel Corp shares valued at $499,900 were divested by the Chief Medical Officer at a price of $49.99 per share. As a result of the transaction, Hopper Jonathan Mark now holds 58,116 shares, worth roughly $2.42 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 Monday, Vericel Corp [NASDAQ:VCEL] saw its stock fall -1.37% to $41.71. Over the last five days, the stock has lost -4.18%. Vericel Corp shares have risen nearly 17.13% since the year began. Nevertheless, the stocks have risen 21.50% 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 $47.03, while 200 days put it at $40.95. A total of 0.5 million shares were traded, compared to the trading of 0.35 million shares in the previous session.
Levels Of Support And Resistance For VCEL Stock
The 24-hour chart illustrates a support level at 41.07, which if violated will result in even more drops to 40.42. On the upside, there is a resistance level at 42.45. A further resistance level may holdings at 43.18. The Relative Strength Index (RSI) on the 14-day chart is 31.14, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.53, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.07%. Stochastics %K at 13.00% indicates the stock is a buying.
