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. Verisign Inc shares valued at $2,566,844 were purchased by BERKSHIRE HATHAWAY INC on Jan 03 ’25. At $204.63 per share, BERKSHIRE HATHAWAY INC acquired 12,544 shares. The insider’s holdings grew to 13,289,880 shares worth approximately $2.75 billion following the completion of this transaction.
Also, BERKSHIRE HATHAWAY INC purchased 5,879 shares, netting a total of over 1,204,271 in proceeds. Following the buying of shares at $204.84 each, the insider now holds 13,277,336 shares.
Before that, BERKSHIRE HATHAWAY INC had added 1,621 shares to its account. In a trade valued at $332,027, the 10% Owner bought Verisign Inc shares for $204.83 each. Upon closing the transaction, the insider’s holdings increased to 1,621 shares, worth approximately $2.74 billion.
As published in a research note from Robert W. Baird on December 09, 2024, Verisign Inc [VRSN] has been rated up from a Neutral to an Outperform and the price target has been revised to $250 from $200. Analysts at Robert W. Baird downgraded the stock from ‘”an Outperform”‘ to ‘”a Neutral”‘ outlook in a report released in mid July. As of December 15, 2022, Robert W. Baird has increased its “Neutral” rating to a “an Outperform” for VRSN. Earlier on December 13, 2022, Citigroup initiated its rating. Their recommendation was “a Buy” for VRSN stock.
Analyzing VRSN Stock Performance
During the last five days, there has been a drop of approximately -1.64%. Over the course of the year, Verisign Inc shares have dropped approximately -0.15%. Shares of the company reached a 52-week high of $213.68 on 01/07/25 and a 52-week low of $203.66 on 01/03/25. A 50-day SMA is recorded $196.31, while a 200-day SMA reached $184.00. Nevertheless, trading volume fell to 0.63 million shares from 0.67 million shares the previous day.
Support And Resistance Levels for Verisign Inc (VRSN)
According to the 24-hour chart, there is a support level at 205.45, which, if violated, would cause prices to drop to 204.25. In the upper region, resistance lies at 207.77. The next price resistance is at 208.89. RSI (Relative Strength Index) is 55.03 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.69, which suggests the price will decrease in the coming days. Percent R is at 70.15%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
