Vertex Inc’s recent filing unveils that its Director Stamm John Richard acquired Company’s shares for reported $0.13 million on Nov 22 ’24. In the deal valued at $53.81 per share,2,500 shares were bought.
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Then, ITEM SECOND IRR. TRUST FBO KYL sold 40,966 shares, generating $2,136,987 in total proceeds. Upon selling the shares at $52.16, the 10% Owner now owns 1,389,134 shares.
Before that, ITEM SECOND IRR. TRUST FBO KYL sold 31,034 shares. Vertex Inc shares valued at $1,648,750 were divested by the 10% Owner at a price of $53.13 per share. As a result of the transaction, ITEM SECOND IRR. TRUST FBO KYL now holds 1,358,100 shares, worth roughly $73.11 million.
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 jump 0.73% to $53.83. Over the last five days, the stock has gained 9.63%. Vertex Inc shares have risen nearly 99.81% since the year began. Nevertheless, the stocks have risen 98.63% over the past one year. While a 52-week high of $53.77 was reached on 11/22/24, a 52-week low of $23.31 was recorded on 01/12/24. SMA at 50 days reached $43.09, while 200 days put it at $35.50.
Levels Of Support And Resistance For VERX Stock
The 24-hour chart illustrates a support level at 53.06, which if violated will result in even more drops to 52.29. On the upside, there is a resistance level at 54.55. A further resistance level may holdings at 55.27. The Relative Strength Index (RSI) on the 14-day chart is 75.30, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.83, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 5.32%. Stochastics %K at 95.49% indicates the stock is a selling.
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.
