Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Vertex Inc shares valued at $28,038,411 were purchased by Jeff and Jenifer Westphal Foun on Jan 14 ’25. At $52.43 per share, Jeff and Jenifer Westphal Foun acquired 534,778 shares.
Also, SCHWAB JOHN R sold 20,000 shares, netting a total of over 1,060,932 in proceeds. Following the sale of shares at $53.05 each, the insider now holds 53,104 shares.
Before that, SCHWAB JOHN R had added 20,000 shares to its account. In a trade valued at $1,060,931, the Officer bought Vertex Inc shares for $53.05 each.
As published in a research note from Raymond James on January 03, 2025, Vertex Inc [VERX] has been rated down from an Outperform to a Mkt perform. Analysts at DA Davidson started covering the stock with ‘”a Buy”‘ outlook in a report released in late December. As of November 04, 2024, Jefferies has increased its “Hold” rating to a “Buy” for VERX. Earlier on July 23, 2024, Robert W. Baird initiated its rating. Their recommendation was “an Outperform” for VERX stock.
Analyzing VERX Stock Performance
During the last five days, there has been a surge of approximately 5.52%. Over the course of the year, Vertex Inc shares have jumped approximately 4.69%. Shares of the company reached a 52-week high of $56.34 on 01/16/25 and a 52-week low of $50.29 on 01/06/25. A 50-day SMA is recorded $52.70, while a 200-day SMA reached $39.94. Nevertheless, trading volume fell to 0.7 million shares from 1.13 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 55.26, which, if violated, would cause prices to drop to 54.67. In the upper region, resistance lies at 56.39. The next price resistance is at 56.93. RSI (Relative Strength Index) is 64.51 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.67, which suggests the price will increase in the coming days. Percent R is at 8.08%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
