Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Vertex Inc shares valued at $50,347,500 were purchased by Jeffrey Westphal on Oct 03 ’24. At $41.10 per share, Jeffrey Westphal acquired 1,225,000 shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Stamm John Richard sold 10,000 shares, netting a total of over 354,276 in proceeds. Following the sale of shares at $35.43 each, the insider now holds 16,635 shares.
Before that, Stamm John Richard had added 10,000 shares to its account. In a trade valued at $354,276, the Director bought Vertex Inc shares for $35.43 each.
As published in their initiating research note from Robert W. Baird on July 23, 2024, Vertex Inc [VERX] has been an Outperform and the price target has been revised to $43. Analysts at BofA Securities upgraded the stock from ‘”an Underperform”‘ to ‘”a Neutral”‘ outlook in a report released in early March. Earlier on March 09, 2023, BofA Securities upgraded its rating. Their new recommendation was “a Neutral” for VERX stock which previously was a “an Underperform”.
Analyzing VERX Stock Performance
During the last five days, there has been a surge of approximately 12.49%. Over the course of the year, Vertex Inc shares have jumped approximately 54.42%. Shares of the company reached a 52-week high of $41.84 on 10/03/24 and a 52-week low of $23.31 on 01/12/24. A 50-day SMA is recorded $37.04, while a 200-day SMA reached $31.97. Nevertheless, trading volume fell to 1.18 million shares from 0.85 million shares the previous day.
Support And Resistance Levels for Vertex Inc (VERX)
According to the 24-hour chart, there is a support level at 40.80, which, if violated, would cause prices to drop to 40.00. In the upper region, resistance lies at 42.12. The next price resistance is at 42.64. RSI (Relative Strength Index) is 72.57 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.77, which suggests the price will increase in the coming days. Percent R is at 3.93%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
