Verisign Inc’s recent filing unveils that its Director COTE KATHLEEN A unloaded Company’s shares for reported $0.69 million on Feb 18 ’25. In the deal valued at $230.00 per share,3,000 shares were sold. As a result of this transaction, COTE KATHLEEN A now holds 27,346 shares worth roughly $6.34 million.
Then, McPherson Danny R sold 5,500 shares, generating $1,269,030 in total proceeds. Upon selling the shares at $230.73, the EVP – Technology & CSO now owns 31,465 shares.
Before that, COTE KATHLEEN A bought 3,000 shares. Verisign Inc shares valued at $690,000 were divested by the Director at a price of $230.00 per share.
Robert W. Baird upgraded its Verisign Inc [VRSN] rating to an Outperform from a a Neutral in a research note published on December 09, 2024; the price target was increased to $250 from $200. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who decreased its forecast for the stock in mid July from “an Outperform” to “a Neutral”. Robert W. Baird also remained covering VRSN and has increased its forecast on December 15, 2022 with a “an Outperform” recommendation from previously “Neutral” rating. Citigroup started covering the stock on December 13, 2022. It rated VRSN as “a Buy”.
Price Performance Review of VRSN
On Friday, Verisign Inc [NASDAQ:VRSN] saw its stock fall -0.86% to $231.87. Over the last five days, the stock has gained 1.10%. Verisign Inc shares have risen nearly 12.04% since the year began. Nevertheless, the stocks have risen 20.62% over the past one year. While a 52-week high of $234.28 was reached on 02/21/25, a 52-week low of $167.04 was recorded on 01/03/25. SMA at 50 days reached $211.10, while 200 days put it at $188.10.
Levels Of Support And Resistance For VRSN Stock
The 24-hour chart illustrates a support level at 230.27, which if violated will result in even more drops to 228.68. On the upside, there is a resistance level at 234.83. A further resistance level may holdings at 237.80. The Relative Strength Index (RSI) on the 14-day chart is 77.41, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.68, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 17.74%. Stochastics %K at 92.29% indicates the stock is a selling.
