Sunday, June 26, 2022

Selling Buzz: Vista Outdoor Inc. [VSTO] President, Ammunition Vanderbrink Jason R sells 10,832 shares of the company

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Vista Outdoor Inc. shares valued at $399,376 were sold by Vanderbrink Jason R on Jun 03. At $36.87 per share, Vanderbrink Jason R sold 10,832 shares. The insider’s holdings dropped to 69,540 shares worth approximately $2.03 million following the completion of this transaction.


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Also, METZ CHRISTOPHER T sold 150,000 shares, netting a total of over 5,753,783 in proceeds. Following the sale of shares at $38.36 each, the insider now holds 116,461 shares.

Before that, METZ CHRISTOPHER T had sold 100,000 shares from its account. In a trade valued at $3,765,000, the CEO traded Vista Outdoor Inc. shares for $37.65 each. Upon closing the transaction, the insider’s holdings decreased to 100,000 shares, worth approximately $7.77 million.

As published in a research note from Monness Crespi & Hardt on May 27, 2021, Vista Outdoor Inc. [VSTO] has been retained to a Buy and the price target has been revised to $51. This represents a 42.82% premium over Wednesday’s closing price. Analysts at Monness Crespi & Hardt resumed the stock at ‘”a Buy”‘ outlook in a report released in early May. As of April 19, 2021, B. Riley Securities has reiterated its “Buy” rating for VSTO. Earlier on February 05, 2021, Monness Crespi & Hardt resumed its rating. Their recommendation was “a Buy” for VSTO stock.

Analyzing VSTO’s Price Performance

On Wednesday, Vista Outdoor Inc. [NYSE: VSTO] plunged -5.57% to $29.16. The stock’s lowest price that day was $28.805, but it reached a high of $31.00 in the same session. During the last five days, there has been a drop of approximately -14.54%. Over the course of the year, Vista Outdoor Inc. shares have dropped approximately -36.71%. Shares of the company reached a 52-week high of $52.69 on 01/05/22 and a 52-week low of $28.81 on 06/22/22. A 50-day SMA is recorded $36.43, while a 200-day SMA reached $39.53. Nevertheless, trading volume fell to 1.01 million shares from 1.04 million shares the previous day.

Support And Resistance Levels for Vista Outdoor Inc. (VSTO)

According to the 24-hour chart, there is a support level at 28.31, which, if violated, would cause prices to drop to 27.46. In the upper region, resistance lies at 30.50. The next price resistance is at 31.85. RSI (Relative Strength Index) is 26.09 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.80, which suggests the price will decrease in the coming days. Percent R is at 96.27%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is Vista Outdoor Inc. subject to short interest?

Stocks of Vista Outdoor Inc. saw a sharp rise in short interest on Apr 28, 2022 jumping by 0.43 million shares to 4.27 million. Data from Yahoo Finance shows that the short interest on Mar 30, 2022 was 3.84 million shares. A jump of 10.07% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 6.9 of the overall float, the days-to-cover ratio (short ratio) jumped to 6.9.

Which companies own the most shares of Vista Outdoor Inc. (VSTO)?

According to BlackRock Fund Advisors filings, the company currently owns 8,109,756 shares, which is about 14.42% of the total VSTO shares outstanding. The investor’s shares have plunged by -225,810 from its previous 13-F filing of 8335566.0 shares. With the completion of the buy, Gates Capital Management, Inc.’s stake is now worth $211,324,301. The Vanguard Group, Inc. acquire a 0.30% interest valued at $183.86 million while Dimensional Fund Advisors LP sold a -33,850 stake. A total of 42,935 shares of Vista Outdoor Inc. were sold by SSgA Funds Management, Inc. during the quarter, and 36,800 were bought by Brown Advisory LLC. In its current portfolio, Geode Capital Management LLC holds 980,766 shares valued at $37.8 million.

In terms of Vista Outdoor Inc. share price expectations, FactSet research, analysts set an average price target of $56.83 in the next 12 months, up nearly 78.11% from the previous closing price of $30.88. Analysts anticipate Vista Outdoor Inc. stock to reach $65.00 by 2022, with the lowest price target being $51.00. In spite of this, 7 analysts ranked Vista Outdoor Inc. stock as a Buy at the end of 2022. On January 22, 2021, Wedbush assigned a price target of “an Outperform” to the stock and initiated coverage with a $36.

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