Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Vornado Realty Trust shares valued at $9,956,982 were sold by Fascitelli Michael D on Dec 22 ’23. At $29.54 per share, Fascitelli Michael D sold 337,055 shares. The insider’s holdings dropped to 969,491 shares worth approximately $26.5 million following the completion of this transaction.
Also, Fascitelli Michael D sold 262,945 shares, netting a total of over 7,766,475 in proceeds. Following the sale of shares at $29.54 each, the insider now holds 1,306,546 shares.
Before that, WIGHT RUSSELL B JR had sold 7,000 shares from its account. In a trade valued at $216,686, the Director traded Vornado Realty Trust shares for $30.96 each. Upon closing the transaction, the insider’s holdings decreased to 7,000 shares, worth approximately $62.87 million.
As published in a research note from Morgan Stanley on March 28, 2024, Vornado Realty Trust [VNO] has been rated up from an Underweight to an Equal-weight and the price target has been revised to $26 from $24. Analysts at Barclays started covering the stock with ‘”an Underweight”‘ outlook in a report released in late March. As of December 15, 2023, BMO Capital Markets has increased its “an Underperform” rating to a “Market perform” for VNO. Earlier on December 11, 2023, Evercore ISI downgraded its rating. Their new recommendation was “an Underperform” for VNO stock which previously was a “an In-line”.
Analyzing VNO Stock Performance
During the last five days, there has been a drop of approximately -0.55%. Over the course of the year, Vornado Realty Trust shares have dropped approximately -3.26%. Shares of the company reached a 52-week high of $29.45 on 01/29/24 and a 52-week low of $24.17 on 02/13/24. A 50-day SMA is recorded $26.53, while a 200-day SMA reached $23.88. Nevertheless, trading volume fell to 1.09 million shares from 1.88 million shares the previous day.
Support And Resistance Levels for Vornado Realty Trust (VNO)
According to the 24-hour chart, there is a support level at 26.62, which, if violated, would cause prices to drop to 25.92. In the upper region, resistance lies at 28.24. The next price resistance is at 29.16. RSI (Relative Strength Index) is 52.46 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.20, which suggests the price will decrease in the coming days. Percent R is at 41.70%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Vornado Realty Trust subject to short interest?
Stocks of Vornado Realty Trust saw a sharp steep in short interest on Mar 15, 2024 dropping by -0.14 million shares to 19.08 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 19.22 million shares. A decline of -0.73% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 9.14 of the overall float, the days-to-cover ratio (short ratio) decline to 9.14.
