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. Vertex Inc shares valued at $3,041,053 were sold by ITEM SECOND IRR. TRUST FBO KYL on Jan 22 ’25. At $56.48 per share, ITEM SECOND IRR. TRUST FBO KYL sold 53,843 shares. The insider’s holdings dropped to 1,229,257 shares worth approximately $71.4 million following the completion of this transaction.
Also, ITEM SECOND IRR. TRUST FBO KYL sold 18,157 shares, netting a total of over 1,026,234 in proceeds. Following the sale of shares at $56.52 each, the insider now holds 1,211,100 shares.
Before that, Jeff and Jenifer Westphal Foun had added 534,778 shares to its account. In a trade valued at $28,038,411, the Other bought Vertex Inc shares for $52.43 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 2.56%. Over the course of the year, Vertex Inc shares have jumped approximately 8.87%. Shares of the company reached a 52-week high of $60.00 on 01/28/25 and a 52-week low of $50.29 on 01/06/25. A 50-day SMA is recorded $54.11, while a 200-day SMA reached $40.96. Nevertheless, trading volume fell to 0.6 million shares from 0.83 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 57.72, which, if violated, would cause prices to drop to 57.35. In the upper region, resistance lies at 58.62. The next price resistance is at 59.15. RSI (Relative Strength Index) is 67.01 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.48, which suggests the price will increase in the coming days. Percent R is at 20.56%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
