Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Vertex Pharmaceuticals, Inc shares valued at $533,280 were purchased by ALTSHULER DAVID on Feb 20 ’25. At $480.00 per share, ALTSHULER DAVID acquired 1,111 shares.
Also, Tatsis Ourania sold 244 shares, netting a total of over 111,035 in proceeds. Following the sale of shares at $455.06 each, the insider now holds 67,695 shares.
Before that, Biller Jonathan had sold 1,657 shares from its account. In a trade valued at $754,034, the EVP and Chief Legal Officer traded Vertex Pharmaceuticals, Inc shares for $455.06 each. Upon closing the transaction, the insider’s holdings decreased to 1,657 shares, worth approximately $8.46 million.
As published in a research note from Canaccord Genuity on February 12, 2025, Vertex Pharmaceuticals, Inc [VRTX] has been rated up from a Sell to a Hold and the price target has been revised to $424 from $408. Analysts at Canaccord Genuity upgraded the stock from ‘”a Sell”‘ to ‘”a Hold”‘ outlook in a report released in mid February. As of January 30, 2025, Wells Fargo has decreased its “an Overweight” rating to a “an Equal weight” for VRTX. Earlier on December 20, 2024, H.C. Wainwright resumed its rating. Their recommendation was “a Buy” for VRTX stock.
Analyzing VRTX Stock Performance
During the last five days, there has been a surge of approximately 5.99%. Over the course of the year, Vertex Pharmaceuticals, Inc shares have jumped approximately 19.28%. Shares of the company reached a 52-week high of $491.80 on 02/05/25 and a 52-week low of $397.24 on 01/13/25. A 50-day SMA is recorded $440.32, while a 200-day SMA reached $463.69. Nevertheless, trading volume fell to 1.57 million shares from 1.45 million shares the previous day.
Support And Resistance Levels for Vertex Pharmaceuticals, Inc (VRTX)
According to the 24-hour chart, there is a support level at 475.03, which, if violated, would cause prices to drop to 469.72. In the upper region, resistance lies at 483.41. The next price resistance is at 486.48. RSI (Relative Strength Index) is 64.07 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.30, which suggests the price will increase in the coming days. Percent R is at 25.05%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
