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. Verisign Inc shares valued at $103,590 were sold by CALYS JOHN on Feb 24 ’25. At $231.75 per share, CALYS JOHN sold 447 shares. The insider’s holdings dropped to 23,735 shares worth approximately $5.63 million following the completion of this transaction.
Also, CALYS JOHN purchased 447 shares, netting a total of over 103,590 in proceeds.
Before that, COTE KATHLEEN A had sold 3,000 shares from its account. In a trade valued at $690,000, the Director traded Verisign Inc shares for $230.00 each. Upon closing the transaction, the insider’s holdings decreased to 3,000 shares, worth approximately $6.48 million.
As published in a research note from Robert W. Baird on December 09, 2024, Verisign Inc [VRSN] has been rated up from a Neutral to an Outperform and the price target has been revised to $250 from $200. Analysts at Robert W. Baird downgraded the stock from ‘”an Outperform”‘ to ‘”a Neutral”‘ outlook in a report released in mid July. As of December 15, 2022, Robert W. Baird has increased its “Neutral” rating to a “an Outperform” for VRSN. Earlier on December 13, 2022, Citigroup initiated its rating. Their recommendation was “a Buy” for VRSN stock.
Analyzing VRSN Stock Performance
During the last five days, there has been a surge of approximately 2.30%. Over the course of the year, Verisign Inc shares have jumped approximately 14.55%. Shares of the company reached a 52-week high of $239.84 on 02/26/25 and a 52-week low of $203.66 on 01/03/25. A 50-day SMA is recorded $213.25, while a 200-day SMA reached $189.10. Nevertheless, trading volume fell to 0.73 million shares from 1.33 million shares the previous day.
Support And Resistance Levels for Verisign Inc (VRSN)
According to the 24-hour chart, there is a support level at 235.99, which, if violated, would cause prices to drop to 234.92. In the upper region, resistance lies at 238.99. The next price resistance is at 240.92. RSI (Relative Strength Index) is 79.05 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 6.55, which suggests the price will increase in the coming days. Percent R is at 11.83%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
