Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. VIZIO Holding Corp. shares valued at $152,094 were sold by Townsend Adam R. on May 22. At $7.20 per share, Townsend Adam R. sold 21,130 shares. The insider’s holdings dropped to 471,213 shares worth approximately $3.17 million following the completion of this transaction.
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Also, O’Donnell Michael Joseph sold 9,737 shares, netting a total of over 70,058 in proceeds. Following the sale of shares at $7.20 each, the insider now holds 159,070 shares.
Before that, Townsend Adam R. had sold 19,933 shares from its account. In a trade valued at $219,721, the Chief Financial Officer traded VIZIO Holding Corp. shares for $11.02 each. Upon closing the transaction, the insider’s holdings decreased to 19,933 shares, worth approximately $3.31 million.
Analyzing VZIO Stock Performance
On Thursday, VIZIO Holding Corp. [NYSE: VZIO] plunged -2.04% to $6.73. The stock’s lowest price that day was $6.59, but it reached a high of $6.90 in the same session. During the last five days, there has been a drop of approximately -6.53%. Over the course of the year, VIZIO Holding Corp. shares have dropped approximately -9.18%. Shares of the company reached a 52-week high of $10.56 on 02/28/23 and a 52-week low of $6.59 on 05/25/23. A 50-day SMA is recorded $8.54, while a 200-day SMA reached $9.48. Nevertheless, trading volume fell to 0.72 million shares from 0.4 million shares the previous day.
Support And Resistance Levels for VIZIO Holding Corp. (VZIO)
According to the 24-hour chart, there is a support level at 6.58, which, if violated, would cause prices to drop to 6.43. In the upper region, resistance lies at 6.89. The next price resistance is at 7.05. RSI (Relative Strength Index) is 26.87 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.65, which suggests the price will decrease in the coming days. Percent R is at 95.19%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is VIZIO Holding Corp. subject to short interest?
Stocks of VIZIO Holding Corp. saw a sharp steep in short interest on Apr 27, 2023 dropping by -0.21 million shares to 2.86 million. Data from Yahoo Finance shows that the short interest on Mar 30, 2023 was 3.07 million shares. A decline of -7.34% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 10.21 of the overall float, the days-to-cover ratio (short ratio) decline to 10.21.
Which companies own the most shares of VIZIO Holding Corp. (VZIO)?
According to Wellington Management Co. LLP filings, the company currently owns 8,054,571 shares, which is about 6.80% of the total VZIO shares outstanding. The investor’s shares have appreciated by 149,426 from its previous 13-F filing of 7905145.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $43,203,898. Brown Advisory LLC acquire a 3.33% interest valued at $32.51 million while BlackRock Fund Advisors sold a -6,279 stake. A total of 162,122 shares of VIZIO Holding Corp. were sold by Manulife Investment Management during the quarter, and 143,837 were bought by American Century Investment Manag. In its current portfolio, Disciplined Growth Investors, Inc holds 1,944,394 shares valued at $16.66 million.
In terms of VIZIO Holding Corp. share price expectations, FactSet research, analysts set an average price target of $12.73 in the next 12 months, up nearly 87.48% from the previous closing price of $6.87. Analysts anticipate VIZIO Holding Corp. stock to reach $17.00 by 2023, with the lowest price target being $9.00. In spite of this, 12 analysts ranked VIZIO Holding Corp. stock as a Buy at the end of 2023.