Vertex Inc’s filing revealed that its CHIEF FINANCIAL OFFICER SCHWAB JOHN R unloaded Company’s shares for reported $1.06 million on Dec 17 ’24. In the deal valued at $53.05 per share,20,000 shares were sold. As a result of this transaction, SCHWAB JOHN R now holds 53,104 shares worth roughly $2.73 million.
Then, SCHWAB JOHN R bought 20,000 shares, generating $1,060,931 in total proceeds.
Before that, Westphal Jeffrey sold 575,000 shares. Vertex Inc shares valued at $30,480,750 were divested by the at a price of $53.01 per share. As a result of the transaction, Westphal Jeffrey now holds 0 shares, worth roughly $0.0.
Raymond James downgraded its Vertex Inc [VERX] rating to a Mkt perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including DA Davidson’s analysts, who began to cover the stock in late December with a ‘”a Buy”‘ rating. Jefferies also remained covering VERX and has increased its forecast on November 04, 2024 with a “Buy” recommendation from previously “Hold” rating. Robert W. Baird started covering the stock on July 23, 2024. It rated VERX as “an Outperform”.
Price Performance Review of VERX
On Friday, Vertex Inc [NASDAQ:VERX] saw its stock fall -3.53% to $51.32. Over the last five days, the stock has lost -4.72%. Vertex Inc shares have fallen nearly -3.81% since the year began. Nevertheless, the stocks have risen 98.76% over the past one year. While a 52-week high of $57.74 was reached on 01/02/25, a 52-week low of $23.31 was recorded on 01/03/25. SMA at 50 days reached $50.93, while 200 days put it at $39.03.
Levels Of Support And Resistance For VERX Stock
The 24-hour chart illustrates a support level at 50.17, which if violated will result in even more drops to 49.03. On the upside, there is a resistance level at 52.85. A further resistance level may holdings at 54.39. The Relative Strength Index (RSI) on the 14-day chart is 41.89, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.49, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.23%. Stochastics %K at 35.46% indicates the stock is a holding.
How much short interest is there in Vertex Inc?
A steep rise in short interest was recorded in Vertex Inc stocks on 2024-12-13, dropping by -0.25 million shares to a total of 4.87 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 5.12 million shares. There was a decline of -5.21%, which implies that there is a negative sentiment for the stock.
