Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Verisign Inc. shares valued at $262,520 were sold by TOMLINSON TIMOTHY on Jul 29 ’24. At $186.45 per share, TOMLINSON TIMOTHY sold 1,408 shares. The insider’s holdings dropped to 15,000 shares worth approximately $2.67 million following the completion of this transaction.
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Also, Indelicarto Thomas C sold 3,684 shares, netting a total of over 699,960 in proceeds. Following the sale of shares at $190.00 each, the insider now holds 37,774 shares.
Before that, TOMLINSON TIMOTHY had added 1,408 shares to its account. In a trade valued at $262,522, the Officer bought Verisign Inc. shares for $186.45 each.
As published in a research note from Robert W. Baird on July 11, 2023, Verisign Inc. [VRSN] has been rated down from an Outperform to a Neutral and the price target has been revised to $245 from $265. Analysts at Robert W. Baird upgraded the stock from ‘”a Neutral”‘ to ‘”an Outperform”‘ outlook in a report released in mid December. As of December 13, 2022, Citigroup has initiated its “Buy” rating for VRSN. Earlier on April 29, 2022, Robert W. Baird downgraded its rating. Their new recommendation was “a Neutral” for VRSN stock which previously was a “an Outperform”.
Analyzing VRSN Stock Performance
During the last five days, there has been a surge of approximately 0.28%. Over the course of the year, Verisign Inc. shares have dropped approximately -13.69%. Shares of the company reached a 52-week high of $208.04 on 01/24/24 and a 52-week low of $167.04 on 05/02/24. A 50-day SMA is recorded $178.79, while a 200-day SMA reached $190.38. Nevertheless, trading volume fell to 0.68 million shares from 0.69 million shares the previous day.
Support And Resistance Levels for Verisign Inc. (VRSN)
According to the 24-hour chart, there is a support level at 175.92, which, if violated, would cause prices to drop to 174.07. In the upper region, resistance lies at 179.40. The next price resistance is at 181.03. RSI (Relative Strength Index) is 48.59 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.35, which suggests the price will decrease in the coming days. Percent R is at 71.84%, indicating bearish price movement. Stochastics%K at buying indicates that the stock is to be held.
