In a filing, Vertex Inc revealed its 10% Owner ITEM SECOND IRR. TRUST FBO KYL unloaded Company’s shares for reported $3.04 million on Jan 22 ’25. In the deal valued at $56.48 per share,53,843 shares were sold. As a result of this transaction, ITEM SECOND IRR. TRUST FBO KYL now holds 1,229,257 shares worth roughly $70.61 million.
Then, ITEM SECOND IRR. TRUST FBO KYL sold 18,157 shares, generating $1,026,234 in total proceeds. Upon selling the shares at $56.52, the 10% Owner now owns 1,211,100 shares.
Before that, Jeff and Jenifer Westphal Foun bought 534,778 shares. Vertex Inc shares valued at $28,038,411 were divested by the Other at a price of $52.43 per share.
Raymond James downgraded its Vertex Inc [VERX] rating to a Mkt perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including DA Davidson’s analysts, who began to cover the stock in late December with a ‘”a Buy”‘ rating. Jefferies also remained covering VERX and has increased its forecast on November 04, 2024 with a “Buy” recommendation from previously “Hold” rating. Robert W. Baird started covering the stock on July 23, 2024. It rated VERX as “an Outperform”.
Price Performance Review of VERX
On Friday, Vertex Inc [NASDAQ:VERX] saw its stock jump 0.77% to $57.44. Over the last five days, the stock has gained 2.85%. Vertex Inc shares have risen nearly 7.67% since the year began. Nevertheless, the stocks have risen 127.85% over the past one year. While a 52-week high of $58.22 was reached on 01/24/25, a 52-week low of $24.17 was recorded on 01/06/25. SMA at 50 days reached $53.61, while 200 days put it at $40.57.
Levels Of Support And Resistance For VERX Stock
The 24-hour chart illustrates a support level at 56.55, which if violated will result in even more drops to 55.67. On the upside, there is a resistance level at 58.33. A further resistance level may holdings at 59.23. The Relative Strength Index (RSI) on the 14-day chart is 68.78, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.60, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 11.24%. Stochastics %K at 84.44% indicates the stock is a selling.
How much short interest is there in Vertex Inc?
A steep rise in short interest was recorded in Vertex Inc stocks on 2024-12-31, growing by 0.56 million shares to a total of 5.48 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 4.92 million shares. There was a rise of 10.22%, which implies that there is a positive sentiment for the stock.
