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. National Vision Holdings Inc. shares valued at $453,080 were purchased by PEELER D RANDOLPH on May 23. At $25.73 per share, PEELER D RANDOLPH acquired 17,609 shares. The insider’s holdings grew to 148,880 shares worth approximately $2.77 million following the completion of this transaction.
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Also, PEELER D RANDOLPH purchased 22,861 shares, netting a total of over 585,013 in proceeds. Following the buying of shares at $25.59 each, the insider now holds 131,271 shares.
Before that, TAYLOR THOMAS V had added 2,079 shares to its account. In a trade valued at $49,979, the Director bought National Vision Holdings Inc. shares for $24.04 each. Upon closing the transaction, the insider’s holdings increased to 2,079 shares, worth approximately $0.48 million.
As published in a research note from Wells Fargo on July 27, 2023, National Vision Holdings Inc. [EYE] has been rated down from an Overweight to an Equal weight and the price target has been revised to $21 from $30. This represents a 11.48% premium over Thursday’s closing price.
Analyzing EYE Stock Performance
On Thursday, National Vision Holdings Inc. [NASDAQ: EYE] plunged -2.41% to $18.59. The stock’s lowest price that day was $18.5693, but it reached a high of $18.87 in the same session. During the last five days, there has been a drop of approximately -5.15%. Over the course of the year, National Vision Holdings Inc. shares have dropped approximately -52.04%. Shares of the company reached a 52-week high of $43.82 on 02/02/23 and a 52-week low of $17.25 on 03/24/23. A 50-day SMA is recorded $22.70, while a 200-day SMA reached $28.93. Nevertheless, trading volume fell to 1.06 million shares from 0.67 million shares the previous day.
Support And Resistance Levels for National Vision Holdings Inc. (EYE)
According to the 24-hour chart, there is a support level at 18.48, which, if violated, would cause prices to drop to 18.38. In the upper region, resistance lies at 18.78. The next price resistance is at 18.98. RSI (Relative Strength Index) is 30.49 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.76, which suggests the price will decrease in the coming days. Percent R is at 96.97%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is National Vision Holdings Inc. subject to short interest?
Stocks of National Vision Holdings Inc. saw a sharp steep in short interest on Jul 30, 2023 dropping by -1.15 million shares to 4.42 million. Data from Yahoo Finance shows that the short interest on Jun 29, 2023 was 5.57 million shares. A decline of -26.02% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 3.22 of the overall float, the days-to-cover ratio (short ratio) decline to 3.22.
Which companies own the most shares of National Vision Holdings Inc. (EYE)?
According to BlackRock Fund Advisors filings, the company currently owns 11,339,003 shares, which is about 14.52% of the total EYE shares outstanding. The investor’s shares have plunged by -429,663 from its previous 13-F filing of 11768666.0 shares. With the completion of the buy transaction, William Blair Investment Manageme’s stake is now worth $191,938,737. The Vanguard Group, Inc. reduced a -1.72% interest valued at $187.02 million while ClearBridge Investments LLC purchased a 34,461 stake. A total of 97,405 shares of National Vision Holdings Inc. were bought by Macquarie Investment Management B during the quarter, and -1,989,335 were sold by JPMorgan Investment Management, I. In its current portfolio, SSgA Funds Management, Inc. holds 3,051,716 shares valued at $66.01 million.
In terms of National Vision Holdings Inc. share price expectations, FactSet research, analysts set an average price target of $23.86 in the next 12 months, up nearly 20.73% from the previous closing price of $19.05. Analysts anticipate National Vision Holdings Inc. stock to reach $31.50 by 2023, with the lowest price target being $19.00. In spite of this, 12 analysts ranked National Vision Holdings Inc. stock as an Overweight at the end of 2023.