Vertex Energy Inc’s recently made public that its Director Stratton Christopher Allen unloaded Company’s shares for reported $0.39 million on Nov 10 ’23. In the deal valued at $3.93 per share,100,000 shares were sold. As a result of this transaction, Stratton Christopher Allen now holds 88,405 shares worth roughly $0.11 million.
Then, Rhame James Gary bought 4,000 shares, generating $25,310 in total proceeds. Upon buying the shares at $6.33, the Chief Operating Officer now owns 14,648 shares.
Before that, Cowart Benjamin P sold 66,666 shares. Vertex Energy Inc shares valued at $533,328 were divested by the CEO and President at a price of $8.00 per share. As a result of the transaction, Cowart Benjamin P now holds 5,450,608 shares, worth roughly $6.92 million.
Northland Capital downgraded its Vertex Energy Inc [VTNR] rating to a Market perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Stifel’s analysts, who decreased its forecast for the stock in mid December from “a Buy” to “a Hold”. Oppenheimer also remained covering VTNR and has decreased its forecast on July 26, 2023 with a “Perform” recommendation from previously “an Outperform” rating. TD Cowen started covering the stock on March 10, 2023. It rated VTNR as “a Market perform”.
Price Performance Review of VTNR
On Monday, Vertex Energy Inc [NASDAQ:VTNR] saw its stock fall -2.31% to $1.27. Over the last five days, the stock has lost -6.62%. Vertex Energy Inc shares have fallen nearly -62.54% since the year began. Nevertheless, the stocks have fallen -85.81% over the past one year. While a 52-week high of $9.32 was reached on 01/02/24, a 52-week low of $1.13 was recorded on 03/18/24. SMA at 50 days reached $1.4190, while 200 days put it at $3.5800. A total of 1.16 million shares were traded, compared to the trading of 1.3 million shares in the previous session.
Levels Of Support And Resistance For VTNR Stock
The 24-hour chart illustrates a support level at 1.2467, which if violated will result in even more drops to 1.2233. On the upside, there is a resistance level at 1.3067. A further resistance level may holdings at 1.3433. The Relative Strength Index (RSI) on the 14-day chart is 42.74, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0352, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 61.97%. Stochastics %K at 45.08% indicates the stock is a holding.
How much short interest is there in Vertex Energy Inc?
A steep rise in short interest was recorded in Vertex Energy Inc stocks on Mar 15, 2024, dropping by -0.46 million shares to a total of 17.65 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 18.11 million shares. There was a decline of -2.61%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 23.01% of the overall stock float, the days-to-cover ratio (short ratio) fell to 6.58.
