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. Vista Outdoor Inc shares valued at $45,006 were purchased by MCARTHUR GARY L on Nov 21 ’23. At $25.94 per share, MCARTHUR GARY L acquired 1,735 shares. The insider’s holdings grew to 94,560 shares worth approximately $3.02 million following the completion of this transaction.
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Also, Robinson Michael D sold 4,159 shares, netting a total of over 115,454 in proceeds. Following the sale of shares at $27.76 each, the insider now holds 21,430 shares.
Before that, Crandell Bradford E had sold 3,954 shares from its account. In a trade valued at $104,227, the Chief Human Resources Officer traded Vista Outdoor Inc shares for $26.36 each. Upon closing the transaction, the insider’s holdings decreased to 3,954 shares, worth approximately $1.81 million.
As published in a research note from Monness Crespi & Hardt on February 02, 2024, Vista Outdoor Inc [VSTO] has been retained to a Buy and the price target has been revised to $37. As of September 20, 2022, Jefferies has initiated its “Hold” rating for VSTO. Earlier on July 26, 2022, ROTH Capital downgraded its rating. Their new recommendation was “a Neutral” for VSTO stock which previously was a “a Buy”.
Analyzing VSTO Stock Performance
During the last five days, there has been a drop of approximately -1.21%. Over the course of the year, Vista Outdoor Inc shares have jumped approximately 8.12%. Shares of the company reached a 52-week high of $33.96 on 03/01/24 and a 52-week low of $27.64 on 01/11/24. A 50-day SMA is recorded $30.20, while a 200-day SMA reached $28.86. Nevertheless, trading volume fell to 0.4 million shares from 0.27 million shares the previous day.
Support And Resistance Levels for Vista Outdoor Inc (VSTO)
According to the 24-hour chart, there is a support level at 31.65, which, if violated, would cause prices to drop to 31.33. In the upper region, resistance lies at 32.17. The next price resistance is at 32.37. RSI (Relative Strength Index) is 57.81 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.28, which suggests the price will decrease in the coming days. Percent R is at 74.53%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Vista Outdoor Inc subject to short interest?
Stocks of Vista Outdoor Inc saw a sharp steep in short interest on Feb 29, 2024 dropping by 10000.0 shares to 1.61 million. Data from Yahoo Finance shows that the short interest on Jan 31, 2024 was 1.62 million shares. A decline of -0.62% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 3.37 of the overall float, the days-to-cover ratio (short ratio) decline to 3.37.
