VV124 (UGC 4879) is an isolated, dwarf irregular/dwarf spheroidal (dIrr/dSph) transition-type galaxy at a distance of 1.36 Mpc. Previous low-resolution spectroscopy yielded inconsistent radial velocities for different components of the galaxy, and photometry hinted at the presence of a stellar disk. In order to quantify the stellar dynamics, we observed individual red giants in VV124 with the Keck/Deep Extragalactic Imaging Multi-Object Spectrograph (DEIMOS). We validated members based on their positions in the color-magnitude diagram, radial velocities, and spectral features. Our sample contains 67 members. The average radial velocity is <v_r_>=-29.1+/-1.3km/s in agreement with the previous radio measurements of H I gas. The velocity distribution is Gaussian, indicating that VV124 is supported primarily by velocity dispersion inside a radius of 1.5 kpc. Outside that radius, our measurements provide only an upper limit of 8.6km/s on any rotation in the photometric disk-like feature. The velocity dispersion is {sigma}_v_=9.4+/-1.0km/s, from which we inferred a mass of M_1/2_=(2.1 +/-0.2)x10^7^M_{sun}_ and a mass-to-light ratio of (M/L_V_)_1/2_=5.2+/-1.1M_{sun}_/L_{sun}_, both measured within the half-light radius. Thus, VV124 contains dark matter. We also measured the metallicity distribution from neutral iron lines. The average metallicity, <[Fe/H]>=-1.14+/-0.06, is consistent with the mass-metallicity relation defined by dSph galaxies. The dynamics and metallicity distribution of VV124 appear similar to dSphs of similar stellar mass.