Vertex Inc’s recent filing unveils that 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 $53.64 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 fall -1.29% to $43.64. Over the last five days, the stock has lost -6.17%. Vertex Inc shares have fallen nearly -18.20% since the year began. Nevertheless, the stocks have risen 78.12% over the past one year. While a 52-week high of $60.71 was reached on 02/06/25, a 52-week low of $24.47 was recorded on 02/24/25. SMA at 50 days reached $53.47, while 200 days put it at $42.86.
Levels Of Support And Resistance For VERX Stock
The 24-hour chart illustrates a support level at 42.78, which if violated will result in even more drops to 41.92. On the upside, there is a resistance level at 44.54. A further resistance level may holdings at 45.45. The Relative Strength Index (RSI) on the 14-day chart is 24.20, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -6.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.42%. Stochastics %K at 5.57% indicates the stock is a buying.
