Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Verisign Inc shares valued at $198,800 were sold by CALYS JOHN on Nov 07 ’24. At $186.49 per share, CALYS JOHN sold 1,066 shares. The insider’s holdings dropped to 21,095 shares worth approximately $3.9 million following the completion of this transaction.
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Also, CALYS JOHN purchased 1,066 shares, netting a total of over 198,800 in proceeds.
Before that, Indelicarto Thomas C had sold 1,228 shares from its account. In a trade valued at $233,320, the EVP, Gen Counsel & Secretary traded Verisign Inc shares for $190.00 each. Upon closing the transaction, the insider’s holdings decreased to 1,228 shares, worth approximately $6.21 million.
As published in a research note from Robert W. Baird on July 11, 2023, Verisign Inc [VRSN] has been rated down from an Outperform to a Neutral and the price target has been revised to $245 from $265. Analysts at Robert W. Baird upgraded the stock from ‘”a Neutral”‘ to ‘”an Outperform”‘ outlook in a report released in mid December. As of December 13, 2022, Citigroup has initiated its “Buy” rating for VRSN. Earlier on April 29, 2022, Robert W. Baird downgraded its rating. Their new recommendation was “a Neutral” for VRSN stock which previously was a “an Outperform”.
Analyzing VRSN Stock Performance
During the last five days, there has been a drop of approximately -0.85%. Over the course of the year, Verisign Inc shares have dropped approximately -10.18%. Shares of the company reached a 52-week high of $208.04 on 01/24/24 and a 52-week low of $167.04 on 05/02/24. A 50-day SMA is recorded $183.91, while a 200-day SMA reached $183.03. Nevertheless, trading volume fell to 0.52 million shares from 0.49 million shares the previous day.
Support And Resistance Levels for Verisign Inc (VRSN)
According to the 24-hour chart, there is a support level at 183.65, which, if violated, would cause prices to drop to 182.30. In the upper region, resistance lies at 185.74. The next price resistance is at 186.48. RSI (Relative Strength Index) is 54.16 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.48, which suggests the price will increase in the coming days. Percent R is at 42.05%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
