Verisign Inc’s recent filing unveils that its EVP – Technology & CSO McPherson Danny R unloaded Company’s shares for reported $0.4 million on Dec 02 ’24. In the deal valued at $192.43 per share,2,092 shares were sold. As a result of this transaction, McPherson Danny R now holds 26,157 shares worth roughly $5.25 million.
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Then, McPherson Danny R bought 2,092 shares, generating $402,573 in total proceeds.
Before that, CALYS JOHN sold 1,066 shares. Verisign Inc shares valued at $198,800 were divested by the SVP, Cont., Chief Acct Officer at a price of $186.49 per share. As a result of the transaction, CALYS JOHN now holds 21,095 shares, worth roughly $4.23 million.
Robert W. Baird upgraded its Verisign Inc [VRSN] rating to an Outperform from a a Neutral in a research note published on December 09, 2024; the price target was increased to $250 from $200. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who decreased its forecast for the stock in mid July from “an Outperform” to “a Neutral”. Robert W. Baird also remained covering VRSN and has increased its forecast on December 15, 2022 with a “an Outperform” recommendation from previously “Neutral” rating. Citigroup started covering the stock on December 13, 2022. It rated VRSN as “a Buy”.
Price Performance Review of VRSN
On Tuesday, Verisign Inc [NASDAQ:VRSN] saw its stock jump 0.03% to $200.53. Over the last five days, the stock has gained 6.67%. Verisign Inc shares have fallen nearly -2.64% since the year began. Nevertheless, the stocks have fallen -5.84% over the past one year. While a 52-week high of $220.91 was reached on 01/24/24, a 52-week low of $167.04 was recorded on 05/02/24. SMA at 50 days reached $185.25, while 200 days put it at $182.15.
Levels Of Support And Resistance For VRSN Stock
The 24-hour chart illustrates a support level at 197.73, which if violated will result in even more drops to 194.93. On the upside, there is a resistance level at 202.46. A further resistance level may holdings at 204.40. The Relative Strength Index (RSI) on the 14-day chart is 67.46, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 8.70, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 8.91%. Stochastics %K at 86.93% indicates the stock is a selling.
How much short interest is there in Verisign Inc?
A steep rise in short interest was recorded in Verisign Inc stocks on 2024-11-29, dropping by -0.66 million shares to a total of 1.57 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 2.23 million shares. There was a decline of -42.13%, which implies that there is a negative sentiment for the stock.
