Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Vacasa Inc. shares valued at $1,167,382 were sold by Breon Eric on Sep 09. At $4.03 per share, Breon Eric sold 289,673 shares. The insider’s holdings dropped to 567,889 shares worth approximately $1.85 million following the completion of this transaction.
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Also, Breon Eric sold 143,564 shares, netting a total of over 581,434 in proceeds. Following the sale of shares at $4.05 each, the insider now holds 857,562 shares.
Before that, Breon Eric had sold 4,600 shares from its account. In a trade valued at $18,400, the Director traded Vacasa Inc. shares for $4.00 each. Upon closing the transaction, the insider’s holdings decreased to 4,600 shares, worth approximately $3.26 million.
Analysts at JP Morgan started covering the stock with ‘”an Overweight”‘ outlook in a report released in mid February. As of January 31, 2022, KeyBanc Capital Markets has initiated its “Sector weight” rating for VCSA. Earlier on January 11, 2022, Oppenheimer initiated its rating. Their recommendation was “an Outperform” for VCSA stock.
Analyzing VCSA’s Price Performance
On Wednesday, Vacasa Inc. [NASDAQ: VCSA] plunged -3.26% to $3.26. The stock’s lowest price that day was $3.235, but it reached a high of $3.46 in the same session. During the last five days, there has been a drop of approximately -19.70%. Over the course of the year, Vacasa Inc. shares have dropped approximately -60.82%. Nevertheless, trading volume fell to 1.57 million shares from 3.1 million shares the previous day.
Support And Resistance Levels for Vacasa Inc. (VCSA)
According to the 24-hour chart, there is a support level at 3.18, which, if violated, would cause prices to drop to 3.09. In the upper region, resistance lies at 3.40. The next price resistance is at 3.54. RSI (Relative Strength Index) is 38.64 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.41, which suggests the price will decrease in the coming days. Percent R is at 97.57%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Vacasa Inc. subject to short interest?
Stocks of Vacasa Inc. saw a sharp steep in short interest on Jul 14, 2022 dropping by -2.59 million shares to 4.49 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 7.08 million shares. A decline of -57.68% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.73 of the overall float, the days-to-cover ratio (short ratio) decline to 2.73.
Which companies own the most shares of Vacasa Inc. (VCSA)?
According to Comprehensive Financial Managemen filings, the company currently owns 5,446,548 shares, which is about 2.40% of the total VCSA shares outstanding. 683 Capital Management LLC acquire a 377.29% interest valued at $15.4 million while BlackRock Fund Advisors purchased a 1,739,972 stake. A total of 0 shares of Vacasa Inc. were bought by PAR Capital Management, Inc. during the quarter, and 2,529,849 by Kemnay Advisory Services, Inc. In its current portfolio, Light Street Capital Management L holds 2,331,808 shares valued at $9.33 million.
In terms of Vacasa Inc. share price expectations, FactSet research, analysts set an average price target of $7.83 in the next 12 months, up nearly 107.72% from the previous closing price of $3.37. Analysts anticipate Vacasa Inc. stock to reach $10.00 by 2022, with the lowest price target being $6.00.