Vericel Corp’s recent filing unveils that its President and CEO Colangelo Dominick unloaded Company’s shares for reported $0.72 million on Oct 16 ’24. In the deal valued at $41.38 per share,17,500 shares were sold. As a result of this transaction, Colangelo Dominick now holds 220,937 shares worth roughly $11.93 million.
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Then, Colangelo Dominick sold 17,500 shares, generating $705,950 in total proceeds. Upon selling the shares at $40.34, the President and CEO now owns 220,937 shares.
Before that, GILMAN STEVEN C sold 5,833 shares. Vericel Corp shares valued at $241,253 were divested by the Director at a price of $41.36 per share. As a result of the transaction, GILMAN STEVEN C now holds 11,000 shares, worth roughly $0.59 million.
Canaccord Genuity initiated its Vericel Corp [VCEL] rating to a Buy in a research note published on August 09, 2024; the price target was $57. A number of analysts have revised their coverage, including TD Cowen’s analysts, who began to cover the stock in mid June with a ‘”a Buy”‘ rating. Truist also remained covering VCEL and has increased its forecast on January 25, 2024 with a “Buy” recommendation from previously “Hold” rating. BTIG Research revised its rating on August 08, 2023. It rated VCEL as “a Buy” which previously was an “a Neutral”.
Price Performance Review of VCEL
On Friday, Vericel Corp [NASDAQ:VCEL] saw its stock jump 7.94% to $54.00. Over the last five days, the stock has gained 22.76%. Vericel Corp shares have risen nearly 51.64% since the year began. Nevertheless, the stocks have risen 53.10% over the past one year. While a 52-week high of $54.10 was reached on 11/08/24, a 52-week low of $32.28 was recorded on 01/08/24. SMA at 50 days reached $44.27, while 200 days put it at $46.51.
Levels Of Support And Resistance For VCEL Stock
The 24-hour chart illustrates a support level at 50.87, which if violated will result in even more drops to 47.74. On the upside, there is a resistance level at 55.80. A further resistance level may holdings at 57.60. The Relative Strength Index (RSI) on the 14-day chart is 78.26, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.19, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.37%. Stochastics %K at 93.55% indicates the stock is a selling.
How much short interest is there in Vericel Corp?
A steep rise in short interest was recorded in Vericel Corp stocks on 2024-10-15, growing by 0.29 million shares to a total of 3.85 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 3.56 million shares. There was a rise of 7.42%, which implies that there is a positive sentiment for the stock.
