Vericel Corp’s filing revealed that its Director Wotton Paul K unloaded Company’s shares for reported $0.15 million on Dec 04 ’24. In the deal valued at $58.72 per share,2,600 shares were sold. As a result of this transaction, Wotton Paul K now holds 27,402 shares worth roughly $1.61 million.
Then, Wotton Paul K bought 2,600 shares, generating $217,782 in total proceeds.
Before that, Hopper Jonathan Mark sold 10,000 shares. Vericel Corp shares valued at $587,200 were divested by the Chief Medical Officer at a price of $58.72 per share. As a result of the transaction, Hopper Jonathan Mark now holds 58,371 shares, worth roughly $3.42 million.
Canaccord Genuity initiated its Vericel Corp [VCEL] rating to a Buy in a research note published on August 09, 2024; the price target was $57. A number of analysts have revised their coverage, including TD Cowen’s analysts, who began to cover the stock in mid June with a ‘”a Buy”‘ rating. Truist also remained covering VCEL and has increased its forecast on January 25, 2024 with a “Buy” recommendation from previously “Hold” rating. BTIG Research revised its rating on August 08, 2023. It rated VCEL as “a Buy” which previously was an “a Neutral”.
Price Performance Review of VCEL
On Tuesday, Vericel Corp [NASDAQ:VCEL] saw its stock fall -1.59% to $58.67. Over the last five days, the stock has gained 1.84%. Vericel Corp shares have risen nearly 6.85% since the year began. Nevertheless, the stocks have risen 56.91% over the past one year. While a 52-week high of $61.49 was reached on 01/14/25, a 52-week low of $37.35 was recorded on 01/02/25. SMA at 50 days reached $55.56, while 200 days put it at $48.87.
Levels Of Support And Resistance For VCEL Stock
The 24-hour chart illustrates a support level at 56.61, which if violated will result in even more drops to 54.55. On the upside, there is a resistance level at 60.83. A further resistance level may holdings at 62.99. The Relative Strength Index (RSI) on the 14-day chart is 58.69, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.75, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 34.66%. Stochastics %K at 82.00% indicates the stock is a selling.
How much short interest is there in Vericel Corp?
A steep rise in short interest was recorded in Vericel Corp stocks on 2024-12-31, dropping by -0.3 million shares to a total of 3.71 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 4.02 million shares. There was a decline of -8.21%, which implies that there is a negative sentiment for the stock.
