In a filing, Vertex Pharmaceuticals, Inc. revealed its Executive Chairman LEIDEN JEFFREY M unloaded Company’s shares for reported $1.89 million on Aug 30 ’24. In the deal valued at $499.00 per share,3,784 shares were sold. As a result of this transaction, LEIDEN JEFFREY M now holds 9,994 shares worth roughly $4.89 million.
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Then, Bhatia Sangeeta N. sold 646 shares, generating $323,000 in total proceeds. Upon selling the shares at $500.00, the Director now owns 4,435 shares.
Before that, Bhatia Sangeeta N. bought 646 shares. Vertex Pharmaceuticals, Inc. shares valued at $323,000 were divested by the Director at a price of $500.00 per share.
Barclays downgraded its Vertex Pharmaceuticals, Inc. [VRTX] rating to an Equal weight from a an Overweight in a research note published on August 05, 2024; the price target was increased to $509 from $472. A number of analysts have revised their coverage, including Redburn Atlantic’s analysts, who began to cover the stock in late June with a ‘”a Buy”‘ rating. Evercore ISI also remained covering VRTX and has increased its forecast on April 11, 2024 with a “an Outperform” recommendation from previously “an In-line” rating. Wolfe Research started covering the stock on February 15, 2024. It rated VRTX as “an Outperform”.
Price Performance Review of VRTX
On Monday, Vertex Pharmaceuticals, Inc. [NASDAQ:VRTX] saw its stock jump 0.84% to $489.43. Over the last five days, the stock has gained 3.89%. Vertex Pharmaceuticals, Inc. shares have risen nearly 20.29% since the year began. Nevertheless, the stocks have risen 40.07% over the past one year. While a 52-week high of $510.64 was reached on 08/01/24, a 52-week low of $341.85 was recorded on 04/18/24. SMA at 50 days reached $483.59, while 200 days put it at $438.01.
Levels Of Support And Resistance For VRTX Stock
The 24-hour chart illustrates a support level at 485.54, which if violated will result in even more drops to 481.64. On the upside, there is a resistance level at 491.74. A further resistance level may holdings at 494.04. The Relative Strength Index (RSI) on the 14-day chart is 57.85, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.47, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 27.35%. Stochastics %K at 60.14% indicates the stock is a holding.
How much short interest is there in Vertex Pharmaceuticals, Inc.?
A steep rise in short interest was recorded in Vertex Pharmaceuticals, Inc. stocks on 2024-08-30, dropping by -0.7 million shares to a total of 4.38 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 5.08 million shares. There was a decline of -15.96%, which implies that there is a negative sentiment for the stock.
