In a filing, Veracyte Inc revealed its Director EASTHAM KARIN unloaded Company’s shares for reported $0.4 million on Jan 02 ’25. In the deal valued at $40.30 per share,10,000 shares were sold. As a result of this transaction, EASTHAM KARIN now holds 18,497 shares worth roughly $0.81 million.
Then, KARIN EASTHAM bought 10,000 shares, generating $396,000 in total proceeds.
Before that, Stapley Marc sold 5,590 shares. Veracyte Inc shares valued at $242,737 were divested by the Chief Executive Officer at a price of $43.42 per share. As a result of the transaction, Stapley Marc now holds 307,345 shares, worth roughly $13.4 million.
Goldman downgraded its Veracyte Inc [VCYT] rating to a Neutral from a a Buy in a research note published on December 05, 2024; the price target was decreased to $37 from $38. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who began to cover the stock in mid November with a ‘”an Outperform”‘ rating. UBS began covering VCYT with “Buy” recommendation on October 16, 2024. Guggenheim started covering the stock on October 10, 2024. It rated VCYT as “a Buy”.
Price Performance Review of VCYT
On Tuesday, Veracyte Inc [NASDAQ:VCYT] saw its stock jump 7.44% to $43.60. Over the last five days, the stock has gained 1.92%. Veracyte Inc shares have risen nearly 10.10% since the year began. Nevertheless, the stocks have risen 70.65% over the past one year. While a 52-week high of $46.00 was reached on 01/06/25, a 52-week low of $18.61 was recorded on 01/02/25. SMA at 50 days reached $41.03, while 200 days put it at $29.95.
Levels Of Support And Resistance For VCYT Stock
The 24-hour chart illustrates a support level at 41.93, which if violated will result in even more drops to 40.26. On the upside, there is a resistance level at 44.47. A further resistance level may holdings at 45.35. The Relative Strength Index (RSI) on the 14-day chart is 57.29, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 16.04%. Stochastics %K at 48.07% indicates the stock is a holding.
How much short interest is there in Veracyte Inc?
A steep rise in short interest was recorded in Veracyte Inc stocks on 2024-12-31, dropping by -0.17 million shares to a total of 2.79 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 2.97 million shares. There was a decline of -6.26%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on February 23, 2024 when Needham resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $33.
