Vericel Corp’s filing revealed that its Director ZERBE ROBERT L MD unloaded Company’s shares for reported $0.15 million on Nov 22 ’24. In the deal valued at $60.00 per share,2,500 shares were sold. As a result of this transaction, ZERBE ROBERT L MD now holds 26,595 shares worth roughly $1.56 million.
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Then, ZERBE ROBERT L MD bought 2,500 shares, generating $150,000 in total proceeds.
Before that, MCLAUGHLIN KEVIN F sold 7,000 shares. Vericel Corp shares valued at $388,780 were divested by the Director at a price of $55.54 per share. As a result of the transaction, MCLAUGHLIN KEVIN F now holds 11,900 shares, worth roughly $0.7 million.
Canaccord Genuity initiated its Vericel Corp [VCEL] rating to a Buy in a research note published on August 09, 2024; the price target was $57. A number of analysts have revised their coverage, including TD Cowen’s analysts, who began to cover the stock in mid June with a ‘”a Buy”‘ rating. Truist also remained covering VCEL and has increased its forecast on January 25, 2024 with a “Buy” recommendation from previously “Hold” rating. BTIG Research revised its rating on August 08, 2023. It rated VCEL as “a Buy” which previously was an “a Neutral”.
Price Performance Review of VCEL
On Monday, Vericel Corp [NASDAQ:VCEL] saw its stock fall -0.83% to $58.62. Over the last five days, the stock has gained 10.83%. Vericel Corp shares have risen nearly 64.62% since the year began. Nevertheless, the stocks have risen 64.39% over the past one year. While a 52-week high of $60.15 was reached on 11/25/24, a 52-week low of $32.31 was recorded on 01/08/24. SMA at 50 days reached $46.41, while 200 days put it at $47.16.
Levels Of Support And Resistance For VCEL Stock
The 24-hour chart illustrates a support level at 57.37, which if violated will result in even more drops to 56.12. On the upside, there is a resistance level at 60.68. A further resistance level may holdings at 62.74. The Relative Strength Index (RSI) on the 14-day chart is 71.99, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.44, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 18.53%. Stochastics %K at 87.73% indicates the stock is a selling.
How much short interest is there in Vericel Corp?
A steep rise in short interest was recorded in Vericel Corp stocks on 2024-10-31, growing by 0.62 million shares to a total of 4.17 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 3.55 million shares. There was a rise of 14.96%, which implies that there is a positive sentiment for the stock.
