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. Verisign Inc shares valued at $402,573 were sold by McPherson Danny R on Dec 02 ’24. At $192.43 per share, McPherson Danny R sold 2,092 shares. The insider’s holdings dropped to 26,157 shares worth approximately $4.89 million following the completion of this transaction.
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Also, McPherson Danny R purchased 2,092 shares, netting a total of over 402,573 in proceeds.
Before that, CALYS JOHN had sold 1,066 shares from its account. In a trade valued at $198,800, the SVP, Cont., Chief Acct Officer traded Verisign Inc shares for $186.49 each. Upon closing the transaction, the insider’s holdings decreased to 1,066 shares, worth approximately $3.94 million.
As published in a research note from Robert W. Baird on July 11, 2023, Verisign Inc [VRSN] has been rated down from an Outperform to a Neutral and the price target has been revised to $245 from $265. Analysts at Robert W. Baird upgraded the stock from ‘”a Neutral”‘ to ‘”an Outperform”‘ outlook in a report released in mid December. As of December 13, 2022, Citigroup has initiated its “Buy” rating for VRSN. Earlier on April 29, 2022, Robert W. Baird downgraded its rating. Their new recommendation was “a Neutral” for VRSN stock which previously was a “an Outperform”.
Analyzing VRSN Stock Performance
During the last five days, there has been a surge of approximately 0.99%. Over the course of the year, Verisign Inc shares have dropped approximately -9.21%. Shares of the company reached a 52-week high of $208.04 on 01/24/24 and a 52-week low of $167.04 on 05/02/24. A 50-day SMA is recorded $184.61, while a 200-day SMA reached $182.12. Nevertheless, trading volume fell to 0.51 million shares from 9486.0 shares the previous day.
Support And Resistance Levels for Verisign Inc (VRSN)
According to the 24-hour chart, there is a support level at 185.21, which, if violated, would cause prices to drop to 183.41. In the upper region, resistance lies at 189.03. The next price resistance is at 191.05. RSI (Relative Strength Index) is 53.32 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.65, which suggests the price will increase in the coming days. Percent R is at 43.92%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
