In a filing, Vertex Pharmaceuticals, Inc. revealed its EVP and CMO Bozic Carmen unloaded Company’s shares for reported $1.08 million on Jun 26 ’24. In the deal valued at $471.72 per share,2,280 shares were sold. As a result of this transaction, Bozic Carmen now holds 30,099 shares worth roughly $14.11 million.
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Then, Atkinson Edward Morrow III sold 7,288 shares, generating $3,483,664 in total proceeds. Upon selling the shares at $478.00, the EVP, Chief Technical Ops. Off. now owns 15,972 shares.
Before that, Bozic Carmen sold 2,280 shares. Vertex Pharmaceuticals, Inc. shares valued at $1,089,840 were divested by the EVP and CMO at a price of $478.00 per share. As a result of the transaction, Bozic Carmen now holds 32,379 shares, worth roughly $15.18 million.
Redburn Atlantic initiated its Vertex Pharmaceuticals, Inc. [VRTX] rating to a Buy in a research note published on June 27, 2024; the price target was $545. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who increased its forecast for the stock in mid April from “an In-line” to “an Outperform”. Wolfe Research began covering VRTX with “an Outperform” recommendation on February 15, 2024. Evercore ISI revised its rating on February 06, 2024. It rated VRTX as “an In-line” which previously was an “an Outperform”.
Price Performance Review of VRTX
On Friday, Vertex Pharmaceuticals, Inc. [NASDAQ:VRTX] saw its stock fall -0.80% to $468.72. Vertex Pharmaceuticals, Inc. shares have risen nearly 15.20% since the year began. Nevertheless, the stocks have risen 33.62% over the past one year. While a 52-week high of $486.42 was reached on 06/07/24, a 52-week low of $335.82 was recorded on 04/18/24. SMA at 50 days reached $442.16, while 200 days put it at $404.85. A total of 3.23 million shares were traded, compared to the trading of 0.96 million shares in the previous session.
Levels Of Support And Resistance For VRTX Stock
The 24-hour chart illustrates a support level at 465.16, which if violated will result in even more drops to 461.59. On the upside, there is a resistance level at 474.80. A further resistance level may holdings at 480.87. The Relative Strength Index (RSI) on the 14-day chart is 54.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.93, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.24%. Stochastics%K at 37.07% indicates the stock is a holding.
