Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Vericel Corp shares valued at $67,568 were sold by Flynn Sean C. on Jun 24 ’24. At $45.84 per share, Flynn Sean C. sold 1,474 shares. The insider’s holdings dropped to 487 shares worth approximately $21871.17 following the completion of this transaction.
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Also, Flynn Sean C. sold 6,772 shares, netting a total of over 304,875 in proceeds. Following the sale of shares at $45.02 each, the insider now holds 487 shares.
Before that, Flynn Sean C. had sold 6,754 shares from its account. In a trade valued at $304,200, the Chief Legal Officer traded Vericel Corp shares for $45.04 each. Upon closing the transaction, the insider’s holdings decreased to 6,754 shares, worth approximately $21871.17.
As published in their initiating research note from TD Cowen on June 20, 2024, Vericel Corp [VCEL] has been a Buy and the price target has been revised to $55. Analysts at Truist upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in late January. As of August 08, 2023, BTIG Research has increased its “Neutral” rating to a “Buy” for VCEL. Earlier on November 10, 2022, BTIG Research downgraded its rating. Their new recommendation was “a Neutral” 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 -1.86%. Over the course of the year, Vericel Corp shares have jumped approximately 26.12%. 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 $46.54, while a 200-day SMA reached $41.56. Nevertheless, trading volume fell to 0.13 million shares from 0.24 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 44.43, which, if violated, would cause prices to drop to 43.94. In the upper region, resistance lies at 45.35. The next price resistance is at 45.78. RSI (Relative Strength Index) is 47.15 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.36, which suggests the price will decrease in the coming days. Percent R is at 45.26%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.
