Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. 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 $2.83 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 their initiating research note from DA Davidson on December 31, 2024, Vertex Inc [VERX] has been a Buy and the price target has been revised to $62. Analysts at Jefferies upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early November. As of July 23, 2024, Robert W. Baird has initiated its “an Outperform” rating for VERX. Earlier on March 01, 2024, BofA Securities upgraded its rating. Their new recommendation was “a Neutral” for VERX stock which previously was a “an Underperform”.
Analyzing VERX Stock Performance
During the last five days, there has been a surge of approximately 0.28%. Over the course of the year, Vertex Inc shares have jumped approximately 98.03%. 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 $50.54, while a 200-day SMA reached $38.81. Nevertheless, trading volume fell to 0.99 million shares from 0.81 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 52.89, which, if violated, would cause prices to drop to 52.44. In the upper region, resistance lies at 53.96. The next price resistance is at 54.57. RSI (Relative Strength Index) is 53.08 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.44, which suggests the price will decrease in the coming days. Percent R is at 52.88%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
