Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Veracyte Inc shares valued at $182,263 were sold by JONES EVAN/ FA on Sep 19 ’24. At $35.23 per share, JONES EVAN/ FA sold 5,173 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, Leite John sold 5,479 shares, netting a total of over 163,159 in proceeds. Following the sale of shares at $29.78 each, the insider now holds 76,174 shares.
Before that, JOHN LEITE had added 5,479 shares to its account. In a trade valued at $165,959, the Officer bought Veracyte Inc shares for $30.29 each.
As published in their initiating research note from UBS on October 16, 2024, Veracyte Inc [VCYT] has been a Buy and the price target has been revised to $43. Analysts at Guggenheim started covering the stock with ‘”a Buy”‘ outlook in a report released in early October. As of February 23, 2024, Needham has reiterated its “Buy” rating for VCYT. Earlier on January 18, 2023, Raymond James downgraded its rating. Their new recommendation was “a Mkt perform” for VCYT stock which previously was a “an Outperform”.
Analyzing VCYT Stock Performance
During the last five days, there has been a drop of approximately -4.46%. Over the course of the year, Veracyte Inc shares have jumped approximately 19.16%. Shares of the company reached a 52-week high of $35.51 on 09/19/24 and a 52-week low of $18.61 on 04/18/24. A 50-day SMA is recorded $32.59, while a 200-day SMA reached $25.26. Nevertheless, trading volume fell to 0.54 million shares from 0.47 million shares the previous day.
Support And Resistance Levels for Veracyte Inc (VCYT)
According to the 24-hour chart, there is a support level at 32.31, which, if violated, would cause prices to drop to 31.84. In the upper region, resistance lies at 33.23. The next price resistance is at 33.69. RSI (Relative Strength Index) is 48.42 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.82, which suggests the price will decrease in the coming days. Percent R is at 63.37%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
