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. Vera Therapeutics Inc shares valued at $1,064,809 were sold by Fordyce Marshall on Sep 25 ’24. At $46.05 per share, Fordyce Marshall sold 23,125 shares. The insider’s holdings dropped to 307,972 shares worth approximately $12.86 million following the completion of this transaction.
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Also, MARSHALL FORDYCE purchased 7,500 shares, netting a total of over 350,325 in proceeds.
Before that, SEIDENBERG BETH C had sold 13,823 shares from its account. In a trade valued at $584,793, the Director traded Vera Therapeutics Inc shares for $42.31 each. Upon closing the transaction, the insider’s holdings decreased to 13,823 shares, worth approximately $6.12 million.
As published in their initiating research note from Oppenheimer on January 25, 2024, Vera Therapeutics Inc [VERA] has been an Outperform and the price target has been revised to $26. Analysts at Cantor Fitzgerald started covering the stock with ‘”an Overweight”‘ outlook in a report released in early January. As of December 18, 2023, Raymond James has initiated its “an Outperform” rating for VERA. Earlier on November 10, 2023, Jefferies upgraded its rating. Their new recommendation was “a Buy” for VERA stock which previously was a “a Hold”.
Analyzing VERA Stock Performance
During the last five days, there has been a drop of approximately -7.06%. Over the course of the year, Vera Therapeutics Inc shares have jumped approximately 171.46%. Shares of the company reached a 52-week high of $50.78 on 03/01/24 and a 52-week low of $14.20 on 01/19/24. A 50-day SMA is recorded $38.84, while a 200-day SMA reached $36.72. Nevertheless, trading volume fell to 0.68 million shares from 0.71 million shares the previous day.
Support And Resistance Levels for Vera Therapeutics Inc (VERA)
According to the 24-hour chart, there is a support level at 40.64, which, if violated, would cause prices to drop to 39.52. In the upper region, resistance lies at 42.82. The next price resistance is at 43.89. RSI (Relative Strength Index) is 52.31 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.30, which suggests the price will decrease in the coming days. Percent R is at 48.30%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
