Vertex Inc’s filing revealed that its Officer DeStefano David acquired Company’s shares for reported $0.83 million on Nov 15 ’24. In the deal valued at $49.57 per share,16,769 shares were bought.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, DeStefano David bought 159,107 shares, generating $7,893,049 in total proceeds.
Before that, Westphal Jeffrey sold 2,485,000 shares. Vertex Inc shares valued at $121,516,500 were divested by the 10% Owner at a price of $48.90 per share. As a result of the transaction, Westphal Jeffrey now holds 0 shares, worth roughly $0.0.
Jefferies upgraded its Vertex Inc [VERX] rating to a Buy from a a Hold in a research note published on November 04, 2024; the price target was increased to $50 from $35. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who began to cover the stock in late July with a ‘”an Outperform”‘ rating. BofA Securities also remained covering VERX and has increased its forecast on March 01, 2024 with a “Neutral” recommendation from previously “an Underperform” rating.
Price Performance Review of VERX
On Friday, Vertex Inc [NASDAQ:VERX] saw its stock fall -0.71% to $49.10. Over the last five days, the stock has lost -5.56%. Vertex Inc shares have risen nearly 82.26% since the year began. Nevertheless, the stocks have risen 87.19% over the past one year. While a 52-week high of $52.93 was reached on 11/08/24, a 52-week low of $23.31 was recorded on 01/12/24. SMA at 50 days reached $41.46, while 200 days put it at $34.83.
Levels Of Support And Resistance For VERX Stock
The 24-hour chart illustrates a support level at 48.58, which if violated will result in even more drops to 48.07. On the upside, there is a resistance level at 49.81. A further resistance level may holdings at 50.53. The Relative Strength Index (RSI) on the 14-day chart is 64.88, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.82, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 33.53%. Stochastics %K at 71.81% indicates the stock is a holding.
How much short interest is there in Vertex Inc?
A steep rise in short interest was recorded in Vertex Inc stocks on 2024-10-31, dropping by -1.22 million shares to a total of 5.78 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 7.0 million shares. There was a decline of -21.07%, which implies that there is a negative sentiment for the stock.
