In a filing, Visteon Corporation revealed its CEO & President Lawande Sachin unloaded Company’s shares for reported $1.58 million on Jul 21. In the deal valued at $158.34 per share,10,000 shares were sold. As a result of this transaction, Lawande Sachin now holds 246,352 shares worth roughly $ 35.55 million.
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Then, Lawande Sachin sold 10,000 shares, generating $1,537,172 in total proceeds. Upon selling the shares at $153.72, the CEO & President now owns 246,352 shares.
Before that, Lawande Sachin sold 516 shares. Visteon Corporation shares valued at $77,539 were divested by the CEO & President at a price of $150.27 per share. As a result of the transaction, Lawande Sachin now holds 246,352 shares, worth roughly $35.55 million.
Wolfe Research upgraded its Visteon Corporation [VC] rating to an Outperform from a a Peer perform in a research note published on Friday. PT values the company’s stock at a premium of 17.54 to its Friday closing price.
Price Performance Review of VC
On Friday, Visteon Corporation [NASDAQ:VC] saw its stock jump 3.61% to $144.30. On the same session, the stock had its day’s lowest price of $140.00, but rose to a high of $144.40. Over the last five days, the stock has gained 5.66%. Visteon Corporation shares have risen nearly 10.30% since the year began. Nevertheless, the stocks have risen 20.42% over the past one year. While a 52-week high of $171.66 was reached on 03/08/23, a 52-week low of $103.46 was recorded on 05/04/23. SMA at 50 days reached $146.14, while 200 days put it at $146.84. A total of 0.22 million shares were traded, compared to the trading of 0.23 million shares in the previous session.
Levels Of Support And Resistance For VC Stock
The 24-hour chart illustrates a support level at 141.40, which if violated will result in even more drops to 138.50. On the upside, there is a resistance level at 145.80. A further resistance level may holdings at 147.30. The Relative Strength Index (RSI) on the 14-day chart is 54.12, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.53, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.88%. Stochastics %K at 82.30% indicates the stock is a selling.
How much short interest is there in Visteon Corporation?
A steep rise in short interest was recorded in Visteon Corporation stocks on Aug 14, 2023, growing by 17250.0 shares to a total of 0.78 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 0.77 million shares. There was a rise of 2.2%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 4.24% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.7.
Visteon Corporation [VC] – Who Are The Largest Shareholders?
In filings from Wellington Management Co. LLP, it is revealed that the company now owns 3,246,341 shares, or roughly 11.45% of the outstanding VC shares. In other words, the investor’s shares have risen by 565,663 from its previous 13-F filing of 2680678.0. Additionally, BlackRock Fund Advisors increased 3.99% of its stake after which the total value it holdings stand at $481,431,862, while The Vanguard Group, Inc. added 0.08% of its stake to hold $424.06 million in the firm. Over the last quarter, Victory Capital Management, Inc. purchased 41,578 shares of Visteon Corporation, while Janus Henderson Investors US LLC bought -22,949 shares. At present, Invesco Advisers, Inc. is holding 1,007,033 shares valued at $155.17 million. SSgA Funds Management, Inc. owned 983,532 shares of the company at the time of its most recent 13F filing, worth $151.55 million.
According to FactSet, Visteon Corporation’s share price will average $170.57 in the next year, based on opinions of analysts polled by the firm. This is up nearly 25.3 percent from its previous closing price of $139.27. Analysts expect Visteon Corporation stock to reach the higher price of $200.00, while the lowest price estimate is $135.00. However, 16 analysts have rated VC stock as an Overweight in their predictions for 2023.