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Taking a look at what insiders are doing to gauge the Vericel Corp (VCEL)’s direction

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Vericel Corp shares valued at $265,674 were purchased by GILMAN STEVEN C on Sep 18 ’24. At $45.54 per share, GILMAN STEVEN C acquired 5,834 shares.

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Also, Colangelo Dominick sold 17,500 shares, netting a total of over 768,250 in proceeds. Following the sale of shares at $43.90 each, the insider now holds 220,937 shares.

Before that, Colangelo Dominick had sold 17,500 shares from its account. In a trade valued at $758,975, the President and CEO traded Vericel Corp shares for $43.37 each. Upon closing the transaction, the insider’s holdings decreased to 17,500 shares, worth approximately $10.61 million.

As published in their initiating research note from Canaccord Genuity on August 09, 2024, Vericel Corp [VCEL] has been a Buy and the price target has been revised to $57. Analysts at TD Cowen started covering the stock with ‘”a Buy”‘ outlook in a report released in mid June. As of January 25, 2024, Truist has increased its “Hold” rating to a “Buy” for VCEL. Earlier on August 08, 2023, BTIG Research upgraded its rating. Their new recommendation was “a Buy” for VCEL stock which previously was a “a Neutral”.

Analyzing VCEL Stock Performance

During the last five days, there has been a surge of approximately 8.49%. Over the course of the year, Vericel Corp shares have jumped approximately 34.88%. Shares of the company reached a 52-week high of $54.10 on 08/27/24 and a 52-week low of $32.31 on 01/08/24. A 50-day SMA is recorded $48.28, while a 200-day SMA reached $45.23. Nevertheless, trading volume fell to 0.63 million shares from 0.41 million shares the previous day.

Support And Resistance Levels for Vericel Corp (VCEL)

According to the 24-hour chart, there is a support level at 46.92, which, if violated, would cause prices to drop to 45.82. In the upper region, resistance lies at 49.57. The next price resistance is at 51.11. RSI (Relative Strength Index) is 53.94 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.11, which suggests the price will decrease in the coming days. Percent R is at 42.89%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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