Verisign Inc.’s recent filing unveils that its EVP, Gen Counsel & Secretary Indelicarto Thomas C unloaded Company’s shares for reported $0.47 million on Sep 27 ’24. In the deal valued at $190.00 per share,2,456 shares were sold. As a result of this transaction, Indelicarto Thomas C now holds 34,821 shares worth roughly $6.42 million.
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Then, THOMAS C INDELICARTO bought 2,456 shares, generating $466,640 in total proceeds.
Before that, TOMLINSON TIMOTHY sold 1,408 shares. Verisign Inc. shares valued at $262,520 were divested by the Director at a price of $186.45 per share. As a result of the transaction, TOMLINSON TIMOTHY now holds 15,000 shares, worth roughly $2.77 million.
Robert W. Baird downgraded its Verisign Inc. [VRSN] rating to a Neutral from a an Outperform in a research note published on July 11, 2023; the price target was decreased to $245 from $265. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who increased its forecast for the stock in mid December from “a Neutral” to “an Outperform”. Citigroup began covering VRSN with “Buy” recommendation on December 13, 2022. Robert W. Baird revised its rating on April 29, 2022. It rated VRSN as “a Neutral” which previously was an “an Outperform”.
Price Performance Review of VRSN
On Monday, Verisign Inc. [NASDAQ:VRSN] saw its stock fall -1.35% to $184.37. Over the last five days, the stock has lost -2.94%. Verisign Inc. shares have fallen nearly -10.48% since the year began. Nevertheless, the stocks have fallen -10.10% over the past one year. While a 52-week high of $220.91 was reached on 01/24/24, a 52-week low of $167.04 was recorded on 05/02/24. SMA at 50 days reached $182.27, while 200 days put it at $185.64.
Levels Of Support And Resistance For VRSN Stock
The 24-hour chart illustrates a support level at 183.39, which if violated will result in even more drops to 182.40. On the upside, there is a resistance level at 186.26. A further resistance level may holdings at 188.14. The Relative Strength Index (RSI) on the 14-day chart is 50.56, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.81, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 57.60%. Stochastics %K at 54.63% indicates the stock is a holding.
How much short interest is there in Verisign Inc.?
A steep rise in short interest was recorded in Verisign Inc. stocks on 2024-09-13, growing by 0.43 million shares to a total of 2.12 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 1.7 million shares. There was a rise of 20.13%, which implies that there is a positive sentiment for the stock.
