Vertex Inc’s filing revealed that its 10% Owner Westphal Jeffrey unloaded Company’s shares for reported $48.29 million on Oct 03 ’24. In the deal valued at $39.42 per share,1,225,000 shares were sold. As a result of this transaction, Westphal Jeffrey now holds 0 shares worth roughly $0.0.
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Then, ITEM SECOND IRR. TRUST FBO ANN bought 500,000 shares, generating $20,360,000 in total proceeds.
Before that, ITEM SECOND IRR. TRUST FBO JAC bought 500,000 shares. Vertex Inc shares valued at $20,360,000 were divested by the Member of immediate family of at a price of $40.72 per share.
Robert W. Baird initiated its Vertex Inc [VERX] rating to an Outperform in a research note published on July 23, 2024; the price target was $43. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in early March from “an Underperform” to “a Neutral”. BofA Securities revised its rating on March 09, 2023. It rated VERX as “a Neutral” which previously was an “an Underperform”.
Price Performance Review of VERX
On Monday, Vertex Inc [NASDAQ:VERX] saw its stock jump 1.26% to $40.99. Over the last five days, the stock has gained 6.44%. Vertex Inc shares have risen nearly 52.15% since the year began. Nevertheless, the stocks have risen 76.64% over the past one year. While a 52-week high of $42.38 was reached on 10/04/24, a 52-week low of $21.92 was recorded on 01/12/24. SMA at 50 days reached $37.14, while 200 days put it at $32.11.
Levels Of Support And Resistance For VERX Stock
The 24-hour chart illustrates a support level at 40.29, which if violated will result in even more drops to 39.58. On the upside, there is a resistance level at 41.62. A further resistance level may holdings at 42.25. The Relative Strength Index (RSI) on the 14-day chart is 66.27, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.52, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 21.45%. Stochastics %K at 81.93% indicates the stock is a selling.
How much short interest is there in Vertex Inc?
A steep rise in short interest was recorded in Vertex Inc stocks on 2024-09-13, growing by 0.5 million shares to a total of 6.33 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 5.82 million shares. There was a rise of 7.98%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on February 09, 2023 when Raymond James began covering the stock and recommended ‘”an Outperform”‘ rating along with a $19 price target.
