In a filing, Vera Therapeutics Inc revealed its PRESIDENT AND CEO Fordyce Marshall unloaded Company’s shares for reported $0.59 million on Sep 11 ’24. In the deal valued at $37.50 per share,15,625 shares were sold. As a result of this transaction, Fordyce Marshall now holds 307,972 shares worth roughly $11.55 million.
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Then, MARSHALL FORDYCE bought 31,250 shares, generating $1,173,438 in total proceeds.
Before that, Fordyce Marshall sold 30,320 shares. Vera Therapeutics Inc shares valued at $1,117,140 were divested by the PRESIDENT AND CEO at a price of $36.84 per share. As a result of the transaction, Fordyce Marshall now holds 307,972 shares, worth roughly $11.55 million.
Oppenheimer initiated its Vera Therapeutics Inc [VERA] rating to an Outperform in a research note published on January 25, 2024; the price target was $26. A number of analysts have revised their coverage, including Cantor Fitzgerald’s analysts, who began to cover the stock in early January with a ‘”an Overweight”‘ rating. Raymond James began covering VERA with “an Outperform” recommendation on December 18, 2023. Jefferies revised its rating on November 10, 2023. It rated VERA as “a Buy” which previously was an “a Hold”.
Price Performance Review of VERA
On Friday, Vera Therapeutics Inc [NASDAQ:VERA] saw its stock jump 5.19% to $37.51. Over the last five days, the stock has gained 0.83%. Vera Therapeutics Inc shares have risen nearly 143.89% since the year began. Nevertheless, the stocks have risen 122.74% over the past one year. While a 52-week high of $50.78 was reached on 03/01/24, a 52-week low of $9.24 was recorded on 01/19/24. SMA at 50 days reached $36.96, while 200 days put it at $34.82.
Levels Of Support And Resistance For VERA Stock
The 24-hour chart illustrates a support level at 36.19, which if violated will result in even more drops to 34.88. On the upside, there is a resistance level at 38.44. A further resistance level may holdings at 39.38. The Relative Strength Index (RSI) on the 14-day chart is 49.97, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.68, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 59.82%. Stochastics %K at 26.76% indicates the stock is a holding.
How much short interest is there in Vera Therapeutics Inc?
A steep rise in short interest was recorded in Vera Therapeutics Inc stocks on 2024-08-30, dropping by 40330.0 shares to a total of 6.05 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 6.09 million shares. There was a decline of -0.67%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on August 16, 2023 when Guggenheim began covering the stock and recommended ‘”a Buy”‘ rating along with a $27 price target.
