In a filing, Vertex Pharmaceuticals, Inc. revealed its EVP and CMO Bozic Carmen unloaded Company’s shares for reported $1.11 million on Jul 24 ’24. In the deal valued at $488.46 per share,2,280 shares were sold. As a result of this transaction, Bozic Carmen now holds 25,539 shares worth roughly $12.72 million.
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Then, Kewalramani Reshma sold 15,202 shares, generating $7,555,394 in total proceeds. Upon selling the shares at $497.00, the CEO & President now owns 106,172 shares.
Before that, Bozic Carmen sold 2,280 shares. Vertex Pharmaceuticals, Inc. shares valued at $1,111,135 were divested by the EVP and CMO at a price of $487.34 per share. As a result of the transaction, Bozic Carmen now holds 27,819 shares, worth roughly $13.86 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 Monday, Vertex Pharmaceuticals, Inc. [NASDAQ:VRTX] saw its stock jump 0.58% to $498.15. Over the last five days, the stock has gained 0.45%. Vertex Pharmaceuticals, Inc. shares have risen nearly 22.43% since the year began. Nevertheless, the stocks have risen 42.48% over the past one year. While a 52-week high of $503.99 was reached on 07/25/24, a 52-week low of $340.20 was recorded on 04/18/24. SMA at 50 days reached $473.97, while 200 days put it at $418.34. A total of 0.69 million shares were traded, compared to the trading of 0.77 million shares in the previous session.
Levels Of Support And Resistance For VRTX Stock
The 24-hour chart illustrates a support level at 494.14, which if violated will result in even more drops to 490.14. On the upside, there is a resistance level at 501.86. A further resistance level may holdings at 505.58. The Relative Strength Index (RSI) on the 14-day chart is 67.93, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.57, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 23.17%. Stochastics%K at 68.58% indicates the stock is a holding.
