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 $6,540,748 were purchased by BERKSHIRE HATHAWAY INC on Dec 27 ’24. At $203.73 per share, BERKSHIRE HATHAWAY INC acquired 32,105 shares. The insider’s holdings grew to 13,243,365 shares worth approximately $2.74 billion following the completion of this transaction.
Also, BERKSHIRE HATHAWAY INC purchased 26,471 shares, netting a total of over 5,409,457 in proceeds. Following the buying of shares at $204.35 each, the insider now holds 13,269,836 shares.
Before that, BERKSHIRE HATHAWAY INC had added 17,911 shares to its account. In a trade valued at $3,624,332, the 10% Owner bought Verisign Inc shares for $202.35 each. Upon closing the transaction, the insider’s holdings increased to 17,911 shares, worth approximately $2.73 billion.
As published in a research note from Robert W. Baird on December 09, 2024, Verisign Inc [VRSN] has been rated up from a Neutral to an Outperform and the price target has been revised to $250 from $200. Analysts at Robert W. Baird downgraded the stock from ‘”an Outperform”‘ to ‘”a Neutral”‘ outlook in a report released in mid July. As of December 15, 2022, Robert W. Baird has increased its “Neutral” rating to a “an Outperform” for VRSN. Earlier on December 13, 2022, Citigroup initiated its rating. Their recommendation was “a Buy” for VRSN stock.
Analyzing VRSN Stock Performance
During the last five days, there has been a surge of approximately 3.50%. Over the course of the year, Verisign Inc shares have jumped approximately 0.49%. Shares of the company reached a 52-week high of $209.61 on 12/31/24 and a 52-week low of $167.04 on 05/02/24. A 50-day SMA is recorded $188.74, while a 200-day SMA reached $182.63. Nevertheless, trading volume fell to 0.98 million shares from 0.57 million shares the previous day.
Support And Resistance Levels for Verisign Inc (VRSN)
According to the 24-hour chart, there is a support level at 204.52, which, if violated, would cause prices to drop to 202.07. In the upper region, resistance lies at 209.51. The next price resistance is at 212.05. RSI (Relative Strength Index) is 69.94 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.99, which suggests the price will increase in the coming days. Percent R is at 14.33%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
