Verisign Inc’s filing revealed that its 10% Owner BERKSHIRE HATHAWAY INC acquired Company’s shares for reported $16.21 million on Dec 17 ’24. In the deal valued at $195.22 per share,83,012 shares were bought. As a result of this transaction, BERKSHIRE HATHAWAY INC now holds 12,898,625 shares worth roughly $2.56 billion.
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Then, BERKSHIRE HATHAWAY INC bought 84,000 shares, generating $16,175,671 in total proceeds. Upon buying the shares at $192.57, the 10% Owner now owns 12,982,625 shares.
Before that, BERKSHIRE HATHAWAY INC bought 67,300 shares. Verisign Inc shares valued at $13,022,359 were divested by the 10% Owner at a price of $193.50 per share. As a result of the transaction, BERKSHIRE HATHAWAY INC now holds 13,049,925 shares, worth roughly $2.59 billion.
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 Friday, Verisign Inc [NASDAQ:VRSN] saw its stock jump 2.79% to $198.84. Over the last five days, the stock has gained 0.73%. Verisign Inc shares have fallen nearly -3.46% since the year began. Nevertheless, the stocks have fallen -2.66% over the past one year. While a 52-week high of $208.04 was reached on 01/24/24, a 52-week low of $167.04 was recorded on 05/02/24. SMA at 50 days reached $186.85, while 200 days put it at $182.27.
Levels Of Support And Resistance For VRSN Stock
The 24-hour chart illustrates a support level at 194.86, which if violated will result in even more drops to 190.88. On the upside, there is a resistance level at 201.91. A further resistance level may holdings at 204.98. The Relative Strength Index (RSI) on the 14-day chart is 61.08, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 22.54%. Stochastics %K at 52.79% indicates the stock is a holding.
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.
