Veracyte Inc’s recently made public that its Director EASTHAM KARIN unloaded Company’s shares for reported $0.56 million on Nov 19 ’24. In the deal valued at $38.34 per share,14,731 shares were sold. As a result of this transaction, EASTHAM KARIN now holds 18,497 shares worth roughly $0.73 million.
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Then, KARIN EASTHAM bought 14,731 shares, generating $540,775 in total proceeds.
Before that, Chambers Rebecca sold 15,275 shares. Veracyte Inc shares valued at $585,663 were divested by the Chief Financial Officer at a price of $38.34 per share. As a result of the transaction, Chambers Rebecca now holds 124,501 shares, worth roughly $4.93 million.
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 jump 1.67% to $39.59. Over the last five days, the stock has gained 10.16%. Veracyte Inc shares have risen nearly 43.91% since the year began. Nevertheless, the stocks have risen 51.57% 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 $34.89, while 200 days put it at $26.39.
Levels Of Support And Resistance For VCYT Stock
The 24-hour chart illustrates a support level at 38.56, which if violated will result in even more drops to 37.54. On the upside, there is a resistance level at 40.18. A further resistance level may holdings at 40.78. The Relative Strength Index (RSI) on the 14-day chart is 63.29, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.42, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 26.21%. Stochastics %K at 71.27% 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.
