Saturday, June 25, 2022

President and CFO BURKE JAMES A bought 18,000 shares of Vistra Corp. [VST]

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. Vistra Corp. shares valued at $396,198 were purchased by BURKE JAMES A on Jun 17. At $22.01 per share, BURKE JAMES A acquired 18,000 shares. The insider’s holdings grew to 34,000 shares worth approximately $0.77 million following the completion of this transaction.


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Also, HELM SCOTT B purchased 10,000 shares, netting a total of over 223,980 in proceeds. Following the buying of shares at $22.40 each, the insider now holds 298,201 shares.

Before that, FERRAIOLI BRIAN K had added 1,750 shares to its account. In a trade valued at $38,762, the Director bought Vistra Corp. shares for $22.15 each. Upon closing the transaction, the insider’s holdings increased to 1,750 shares, worth approximately $0.64 million.

As published in a research note from BofA Securities on September 30, 2021, Vistra Corp. [VST] has been retained to a Buy and the price target has been revised to $23. This represents a 1.26% premium over Wednesday’s closing price. Analysts at Guggenheim upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late July. As of July 09, 2021, BofA Securities has increased its “Neutral” rating to a “Buy” for VST. Earlier on July 09, 2021, BofA Securities upgraded its rating. Their new recommendation was “a Buy” for VST stock which previously was a “a Neutral”.

Analyzing VST’s Price Performance

On Wednesday, Vistra Corp. [NYSE: VST] plunged -0.26% to $22.71. The stock’s lowest price that day was $22.31, but it reached a high of $22.8821 in the same session. During the last five days, there has been a drop of approximately -1.09%. Over the course of the year, Vistra Corp. shares have dropped approximately -0.26%. Shares of the company reached a 52-week high of $27.39 on 06/07/22 and a 52-week low of $20.26 on 02/24/22. A 50-day SMA is recorded $25.00, while a 200-day SMA reached $21.87. Nevertheless, trading volume fell to 4.59 million shares from 5.05 million shares the previous day.

Support And Resistance Levels for Vistra Corp. (VST)

According to the 24-hour chart, there is a support level at 22.39, which, if violated, would cause prices to drop to 22.06. In the upper region, resistance lies at 22.96. The next price resistance is at 23.21. RSI (Relative Strength Index) is 36.82 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.98, which suggests the price will decrease in the coming days. Percent R is at 84.32%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is Vistra Corp. subject to short interest?

Stocks of Vistra Corp. saw a sharp rise in short interest on Apr 28, 2022 jumping by 1.67 million shares to 13.7 million. Data from Yahoo Finance shows that the short interest on Mar 30, 2022 was 12.03 million shares. A jump of 12.19% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.6 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.6.

Which companies own the most shares of Vistra Corp. (VST)?

According to The Vanguard Group, Inc. filings, the company currently owns 46,710,652 shares, which is about 10.82% of the total VST shares outstanding. The investor’s shares have appreciated by 1,090,453 from its previous 13-F filing of 45620199.0 shares. With the completion of the sale, Oaktree Capital Management LP’s stake is now worth $762,088,042. Qatar Investment Authority interest valued at $603.61 million while Fidelity Management & Research Co sold a -2,194,717 stake. A total of 59,696 shares of Vistra Corp. were sold by BlackRock Fund Advisors during the quarter, and -941,467 were sold by LSV Asset Management. In its current portfolio, SSgA Funds Management, Inc. holds 9,722,283 shares valued at $256.38 million.

In terms of Vistra Corp. share price expectations, FactSet research, analysts set an average price target of $32.00 in the next 12 months, up nearly 38.34% from the previous closing price of $22.77. Analysts anticipate Vistra Corp. stock to reach $35.00 by 2022, with the lowest price target being $29.00. In spite of this, 11 analysts ranked Vistra Corp. stock as a Buy at the end of 2022. On July 07, 2021, Wolfe Research assigned a price target of “an Outperform” to the stock and upgraded coverage with a $25.

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