Veracyte Inc’s recently made public that its Director EASTHAM KARIN unloaded Company’s shares for reported $0.19 million on Jul 16 ’24. In the deal valued at $25.00 per share,7,500 shares were sold. As a result of this transaction, EASTHAM KARIN now holds 33,228 shares worth roughly $0.77 million.
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Then, Holstein Jens sold 5,000 shares, generating $122,500 in total proceeds. Upon selling the shares at $24.50, the Director now owns 32,878 shares.
Before that, Leite John sold 1,277 shares. Veracyte Inc shares valued at $31,925 were divested by the Chief Commercial Officer-CLIA at a price of $25.00 per share. As a result of the transaction, Leite John now holds 82,968 shares, worth roughly $1.91 million.
Needham reiterated its Veracyte Inc [VCYT] rating to a Buy in a research note published on February 23, 2024; the price target was $33. A number of analysts have revised their coverage, including Raymond James’s analysts, who decreased its forecast for the stock in mid January from “an Outperform” to “a Mkt perform”. Scotiabank began covering VCYT with “Sector outperform” recommendation on January 05, 2023. Stephens started covering the stock on January 07, 2022. It rated VCYT as “an Overweight”.
Price Performance Review of VCYT
On Monday, Veracyte Inc [NASDAQ:VCYT] saw its stock fall -2.91% to $23.03. Over the last five days, the stock has lost -1.87%. Veracyte Inc shares have fallen nearly -16.28% since the year began. Nevertheless, the stocks have fallen -15.46% over the past one year. While a 52-week high of $29.40 was reached on 01/08/24, a 52-week low of $18.61 was recorded on 04/18/24. SMA at 50 days reached $22.13, while 200 days put it at $23.19. A total of 0.65 million shares were traded, compared to the trading of 0.48 million shares in the previous session.
Levels Of Support And Resistance For VCYT Stock
The 24-hour chart illustrates a support level at 22.55, which if violated will result in even more drops to 22.06. On the upside, there is a resistance level at 23.74. A further resistance level may holdings at 24.44. The Relative Strength Index (RSI) on the 14-day chart is 51.59, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 59.96%. Stochastics%K at 53.14% indicates the stock is a holding.
