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. VOXX International Corporation shares valued at $41,150 were purchased by Kahli Beat on Jun 21. At $8.23 per share, Kahli Beat acquired 5,000 shares. The insider’s holdings grew to 4,570,000 shares worth approximately $40.12 million following the completion of this transaction.
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Also, Kahli Beat purchased 5,000 shares, netting a total of over 41,250 in proceeds. Following the buying of shares at $8.25 each, the insider now holds 4,565,000 shares.
Before that, Kahli Beat had added 5,000 shares to its account. In a trade valued at $41,000, the Director bought VOXX International Corporation shares for $8.20 each. Upon closing the transaction, the insider’s holdings increased to 5,000 shares, worth approximately $40.04 million.
As published in their initiating research note from Imperial Capital on November 04, 2021, VOXX International Corporation [VOXX] has been an Outperform and the price target has been revised to $15. This represents a 41.47% premium over Wednesday’s closing price. Analysts at DA Davidson started covering the stock with ‘”a Buy”‘ outlook in a report released in late June. As of January 13, 2016, Oppenheimer has reiterated its “an Outperform” rating for VOXX. Earlier on November 12, 2015, Oppenheimer initiated its rating. Their recommendation was “an Outperform” for VOXX stock.
Analyzing VOXX’s Price Performance
On Wednesday, VOXX International Corporation [NASDAQ: VOXX] rose 7.07% to $8.78. The stock’s lowest price that day was $8.011, but it reached a high of $8.85 in the same session. During the last five days, there has been a surge of approximately 8.66%. Over the course of the year, VOXX International Corporation shares have dropped approximately -13.67%. Shares of the company reached a 52-week high of $13.34 on 02/10/22 and a 52-week low of $5.85 on 05/17/22. A 50-day SMA is recorded $7.95, while a 200-day SMA reached $10.18. Nevertheless, trading volume fell to 0.21 million shares from 0.17 million shares the previous day.
Support And Resistance Levels for VOXX International Corporation (VOXX)
According to the 24-hour chart, there is a support level at 8.24, which, if violated, would cause prices to drop to 7.71. In the upper region, resistance lies at 9.08. The next price resistance is at 9.39. RSI (Relative Strength Index) is 58.58 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.12, which suggests the price will decrease in the coming days. Percent R is at 38.15%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Which companies own the most shares of VOXX International Corporation (VOXX)?
According to Kahn Brothers Advisors LLC filings, the company currently owns 2,326,470 shares, which is about 10.73% of the total VOXX shares outstanding. The investor’s shares have plunged by 0 from its previous 13-F filing of 2326470.0 shares. With the completion of the buy, Dimensional Fund Advisors LP’s stake is now worth $11,507,936. BlackRock Fund Advisors reduced a -2.42% interest valued at $7.88 million while The Vanguard Group, Inc. purchased a 59,012 stake. A total of -21,800 shares of VOXX International Corporation were bought by Renaissance Technologies LLC during the quarter, and 7,040 were bought by Geode Capital Management LLC. In its current portfolio, SSgA Funds Management, Inc. holds 281,190 shares valued at $2.36 million.
In terms of VOXX International Corporation share price expectations, FactSet research, analysts set an average price target of $17.50 in the next 12 months, up nearly 113.41% from the previous closing price of $8.20. Analysts anticipate VOXX International Corporation stock to reach $20.00 by 2022, with the lowest price target being $15.00. In spite of this, 2 analysts ranked VOXX International Corporation stock as a Buy at the end of 2022. On May 16, 2014, Needham assigned a price target of “a Buy” to the stock and downgraded coverage with a $13.