The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Vericel Corp shares valued at $388,780 were sold by MCLAUGHLIN KEVIN F on Nov 13 ’24. At $55.54 per share, MCLAUGHLIN KEVIN F sold 7,000 shares. The insider’s holdings dropped to 11,900 shares worth approximately $0.67 million following the completion of this transaction.
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Also, Colangelo Dominick sold 17,500 shares, netting a total of over 972,475 in proceeds. Following the sale of shares at $55.57 each, the insider now holds 220,937 shares.
Before that, Colangelo Dominick had sold 17,500 shares from its account. In a trade valued at $943,775, the President and CEO traded Vericel Corp shares for $53.93 each. Upon closing the transaction, the insider’s holdings decreased to 17,500 shares, worth approximately $12.53 million.
As published in their initiating research note from Canaccord Genuity on August 09, 2024, Vericel Corp [VCEL] has been a Buy and the price target has been revised to $57. Analysts at TD Cowen started covering the stock with ‘”a Buy”‘ outlook in a report released in mid June. As of January 25, 2024, Truist has increased its “Hold” rating to a “Buy” for VCEL. Earlier on August 08, 2023, BTIG Research upgraded its rating. Their new recommendation was “a Buy” for VCEL stock which previously was a “a Neutral”.
Analyzing VCEL Stock Performance
During the last five days, there has been a surge of approximately 7.53%. Over the course of the year, Vericel Corp shares have jumped approximately 59.25%. Shares of the company reached a 52-week high of $58.49 on 11/21/24 and a 52-week low of $32.31 on 01/08/24. A 50-day SMA is recorded $45.86, while a 200-day SMA reached $47.03. Nevertheless, trading volume fell to 0.56 million shares from 0.34 million shares the previous day.
Support And Resistance Levels for Vericel Corp (VCEL)
According to the 24-hour chart, there is a support level at 55.77, which, if violated, would cause prices to drop to 54.83. In the upper region, resistance lies at 58.07. The next price resistance is at 59.43. RSI (Relative Strength Index) is 70.24 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.94, which suggests the price will increase in the coming days. Percent R is at 11.90%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
