Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Vertex Inc shares valued at $1,060,932 were sold by SCHWAB JOHN R on Dec 17 ’24. At $53.05 per share, SCHWAB JOHN R sold 20,000 shares. The insider’s holdings dropped to 53,104 shares worth approximately $2.85 million following the completion of this transaction.
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Also, SCHWAB JOHN R purchased 20,000 shares, netting a total of over 1,060,931 in proceeds.
Before that, Westphal Jeffrey had sold 575,000 shares from its account. In a trade valued at $30,480,750, the traded Vertex Inc shares for $53.01 each. Upon closing the transaction, the insider’s holdings decreased to 575,000 shares, worth approximately $0.0.
As published in a research note from Jefferies on November 04, 2024, Vertex Inc [VERX] has been rated up from a Hold to a Buy and the price target has been revised to $50 from $35. Analysts at Robert W. Baird started covering the stock with ‘”an Outperform”‘ outlook in a report released in late July. As of March 01, 2024, BofA Securities has increased its “an Underperform” rating to a “Neutral” for VERX.
Analyzing VERX Stock Performance
During the last five days, there has been a drop of approximately -2.19%. Over the course of the year, Vertex Inc shares have jumped approximately 98.92%. Shares of the company reached a 52-week high of $57.74 on 12/03/24 and a 52-week low of $23.31 on 01/12/24. A 50-day SMA is recorded $48.89, while a 200-day SMA reached $37.98. Nevertheless, trading volume fell to 0.84 million shares from 1.36 million shares the previous day.
Support And Resistance Levels for Vertex Inc (VERX)
According to the 24-hour chart, there is a support level at 52.88, which, if violated, would cause prices to drop to 52.17. In the upper region, resistance lies at 54.30. The next price resistance is at 55.01. RSI (Relative Strength Index) is 55.26 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.30, which suggests the price will decrease in the coming days. Percent R is at 72.30%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
