Veracyte Inc’s filing revealed that its VP, Chief Accounting Officer Wygant Jonathan unloaded Company’s shares for reported $0.22 million on Nov 27 ’24. In the deal valued at $42.89 per share,5,032 shares were sold. As a result of this transaction, Wygant Jonathan now holds 42,313 shares worth roughly $1.87 million.
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Then, EASTHAM KARIN sold 14,731 shares, generating $564,768 in total proceeds. Upon selling the shares at $38.34, the Director now owns 18,497 shares.
Before that, KARIN EASTHAM bought 14,731 shares. Veracyte Inc shares valued at $540,775 were divested by the Director at a price of $36.71 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 Monday, Veracyte Inc [NASDAQ:VCYT] saw its stock jump 2.72% to $44.12. Over the last five days, the stock has gained 11.44%. Veracyte Inc shares have risen nearly 60.38% since the year began. Nevertheless, the stocks have risen 72.34% over the past one year. While a 52-week high of $44.16 was reached on 12/02/24, a 52-week low of $18.61 was recorded on 04/18/24. SMA at 50 days reached $35.73, while 200 days put it at $26.83.
Levels Of Support And Resistance For VCYT Stock
The 24-hour chart illustrates a support level at 43.08, which if violated will result in even more drops to 42.03. On the upside, there is a resistance level at 44.81. A further resistance level may holdings at 45.49. The Relative Strength Index (RSI) on the 14-day chart is 74.36, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.45, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.63%. Stochastics %K at 89.38% indicates the stock is a selling.
How much short interest is there in Veracyte Inc?
A steep rise in short interest was recorded in Veracyte Inc stocks on 2024-11-15, dropping by -0.22 million shares to a total of 2.88 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 3.1 million shares. There was a decline of -7.77%, which implies that there is a negative sentiment for the stock.
