Verisign Inc.’s recently made public that its Director TOMLINSON TIMOTHY unloaded Company’s shares for reported $0.26 million on Jul 29 ’24. In the deal valued at $186.45 per share,1,408 shares were sold. As a result of this transaction, TOMLINSON TIMOTHY now holds 15,000 shares worth roughly $2.72 million.
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Then, Indelicarto Thomas C sold 3,684 shares, generating $699,960 in total proceeds. Upon selling the shares at $190.00, the EVP, Gen Counsel & Secretary now owns 37,774 shares.
Before that, TOMLINSON TIMOTHY bought 1,408 shares. Verisign Inc. shares valued at $262,522 were divested by the Officer at a price of $186.45 per share.
Robert W. Baird downgraded its Verisign Inc. [VRSN] rating to a Neutral from a an Outperform in a research note published on July 11, 2023; the price target was decreased to $245 from $265. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who increased its forecast for the stock in mid December from “a Neutral” to “an Outperform”. Citigroup began covering VRSN with “Buy” recommendation on December 13, 2022. Robert W. Baird revised its rating on April 29, 2022. It rated VRSN as “a Neutral” which previously was an “an Outperform”.
Price Performance Review of VRSN
On Monday, Verisign Inc. [NASDAQ:VRSN] saw its stock jump 1.22% to $181.50. Over the last five days, the stock has lost -0.72%. Verisign Inc. shares have fallen nearly -11.88% since the year began. Nevertheless, the stocks have fallen -10.40% over the past one year. While a 52-week high of $220.91 was reached on 01/24/24, a 52-week low of $167.04 was recorded on 05/02/24. SMA at 50 days reached $178.78, while 200 days put it at $189.68.
Levels Of Support And Resistance For VRSN Stock
The 24-hour chart illustrates a support level at 180.03, which if violated will result in even more drops to 178.57. On the upside, there is a resistance level at 182.73. A further resistance level may holdings at 183.97. The Relative Strength Index (RSI) on the 14-day chart is 54.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.25, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 21.86%. Stochastics %K at 63.66% indicates the stock is a holding.
How much short interest is there in Verisign Inc.?
A steep rise in short interest was recorded in Verisign Inc. stocks on 2024-07-31, dropping by -0.58 million shares to a total of 1.45 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 2.03 million shares. There was a decline of -40.3%, which implies that there is a negative sentiment for the stock.
