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. Veracyte Inc shares valued at $403,006 were sold by EASTHAM KARIN on Jan 02 ’25. At $40.30 per share, EASTHAM KARIN sold 10,000 shares. The insider’s holdings dropped to 18,497 shares worth approximately $0.81 million following the completion of this transaction.
Also, KARIN EASTHAM purchased 10,000 shares, netting a total of over 396,000 in proceeds.
Before that, Stapley Marc had sold 5,590 shares from its account. In a trade valued at $242,737, the Chief Executive Officer traded Veracyte Inc shares for $43.42 each. Upon closing the transaction, the insider’s holdings decreased to 5,590 shares, worth approximately $13.46 million.
As published in a research note from Goldman on December 05, 2024, Veracyte Inc [VCYT] has been rated down from a Buy to a Neutral and the price target has been revised to $37 from $38. Analysts at Wolfe Research started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid November. As of October 16, 2024, UBS has initiated its “Buy” rating for VCYT. Earlier on October 10, 2024, Guggenheim initiated its rating. Their recommendation was “a Buy” for VCYT stock.
Analyzing VCYT Stock Performance
During the last five days, there has been a surge of approximately 10.56%. Over the course of the year, Veracyte Inc shares have jumped approximately 10.56%. Shares of the company reached a 52-week high of $44.50 on 01/06/25 and a 52-week low of $39.38 on 01/02/25. A 50-day SMA is recorded $40.03, while a 200-day SMA reached $29.23. Nevertheless, trading volume fell to 0.63 million shares from 0.78 million shares the previous day.
Support And Resistance Levels for Veracyte Inc (VCYT)
According to the 24-hour chart, there is a support level at 42.40, which, if violated, would cause prices to drop to 41.02. In the upper region, resistance lies at 44.56. The next price resistance is at 45.33. RSI (Relative Strength Index) is 60.72 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.20, which suggests the price will increase in the coming days. Percent R is at 11.88%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
