Veracyte Inc’s filing revealed that its Chief Financial Officer Chambers Rebecca unloaded Company’s shares for reported $0.59 million on Nov 12 ’24. In the deal valued at $38.34 per share,15,275 shares were sold. As a result of this transaction, Chambers Rebecca now holds 124,501 shares worth roughly $4.47 million.
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Then, EPSTEIN ROBERT S sold 15,000 shares, generating $574,830 in total proceeds. Upon selling the shares at $38.32, the Director now owns 44,598 shares.
Before that, ROBERT S EPSTEIN bought 15,000 shares. Veracyte Inc shares valued at $583,350 were divested by the Director at a price of $38.89 per share.
Wolfe Research initiated its Veracyte Inc [VCYT] rating to an Outperform in a research note published on November 15, 2024; the price target was $50. A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in mid October with a ‘”a Buy”‘ rating. Guggenheim began covering VCYT with “Buy” recommendation on October 10, 2024. Needham maintained its rating on February 23, 2024. It rated VCYT as “a Buy”.
Price Performance Review of VCYT
On Friday, Veracyte Inc [NASDAQ:VCYT] saw its stock fall -2.97% to $35.94. Over the last five days, the stock has lost -1.48%. Veracyte Inc shares have risen nearly 30.64% since the year began. Nevertheless, the stocks have risen 43.65% over the past one year. While a 52-week high of $41.43 was reached on 11/07/24, a 52-week low of $18.61 was recorded on 04/18/24. SMA at 50 days reached $34.06, while 200 days put it at $26.05.
Levels Of Support And Resistance For VCYT Stock
The 24-hour chart illustrates a support level at 34.95, which if violated will result in even more drops to 33.97. On the upside, there is a resistance level at 37.34. A further resistance level may holdings at 38.75. The Relative Strength Index (RSI) on the 14-day chart is 52.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.19, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 69.76%. Stochastics %K at 51.74% indicates the stock is a holding.
How much short interest is there in Veracyte Inc?
A steep rise in short interest was recorded in Veracyte Inc stocks on 2024-10-31, dropping by -0.16 million shares to a total of 3.1 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 3.26 million shares. There was a decline of -5.2%, which implies that there is a negative sentiment for the stock.
