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A company insider recently sold 102,717 shares of Venus Concept Inc [VERO]. Should You Sale?

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Venus Concept Inc shares valued at $122,829 were sold by Masters Michael Willingham on Jun 11 ’24. At $1.20 per share, Masters Michael Willingham sold 102,717 shares. The insider’s holdings dropped to 383,345 shares worth approximately $0.23 million following the completion of this transaction.

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Also, Masters Michael Willingham sold 387,231 shares, netting a total of over 467,039 in proceeds. Following the sale of shares at $1.21 each, the insider now holds 0 shares.

As published in their initiating research note from Stifel on December 09, 2020, Venus Concept Inc [VERO] has been a Hold and the price target has been revised to $2.50. Analysts at Ladenburg Thalmann started covering the stock with ‘”a Buy”‘ outlook in a report released in mid October. As of July 06, 2020, BTIG Research has initiated its “Buy” rating for VERO. Earlier on March 31, 2020, Oppenheimer downgraded its rating. Their new recommendation was “a Perform” for VERO stock which previously was a “an Outperform”.

Analyzing VERO Stock Performance

During the last five days, there has been a drop of approximately -28.24%. Over the course of the year, Venus Concept Inc shares have dropped approximately -50.22%. Shares of the company reached a 52-week high of $2.2150 on 02/22/24 and a 52-week low of $0.4603 on 06/05/24. A 50-day SMA is recorded $0.7109, while a 200-day SMA reached $1.2072. Nevertheless, trading volume fell to 0.11 million shares from 27900.0 shares the previous day.

Support And Resistance Levels for Venus Concept Inc (VERO)

According to the 24-hour chart, there is a support level at 0.5715, which, if violated, would cause prices to drop to 0.5330. In the upper region, resistance lies at 0.6480. The next price resistance is at 0.6860. RSI (Relative Strength Index) is 38.29 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.1456, which suggests the price will decrease in the coming days. Percent R is at 93.38%, indicating bearish price movement. Stochastics%K at buying indicates that the stock is to be held.

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