VICI Properties Inc’s filing revealed that its Director ABRAHAMSON JAMES R acquired Company’s shares for reported $0.2 million on Mar 15 ’24. In the deal valued at $28.79 per share,7,000 shares were bought. As a result of this transaction, ABRAHAMSON JAMES R now holds 146,342 shares worth roughly $4.29 million.
Then, ABRAHAMSON JAMES R bought 3,000 shares, generating $86,550 in total proceeds. Upon buying the shares at $28.85, the Director now owns 139,342 shares.
Goldman initiated its VICI Properties Inc [VICI] rating to a Buy in a research note published on December 08, 2023; the price target was $36. A number of analysts have revised their coverage, including Wedbush’s analysts, who began to cover the stock in early October with a ‘”a Neutral”‘ rating. Wells Fargo began covering VICI with “an Overweight” recommendation on September 21, 2023. Deutsche Bank revised its rating on July 05, 2023. It rated VICI as “a Hold” which previously was an “a Buy”.
Price Performance Review of VICI
On Friday, VICI Properties Inc [NYSE:VICI] saw its stock jump 0.21% to $29.32. Over the last five days, the stock has lost -1.58%. VICI Properties Inc shares have fallen nearly -8.03% since the year began. Nevertheless, the stocks have fallen -9.37% over the past one year. While a 52-week high of $34.05 was reached on 01/02/24, a 52-week low of $26.62 was recorded on 03/20/24. SMA at 50 days reached $29.54, while 200 days put it at $30.16. A total of 5.05 million shares were traded, compared to the trading of 4.33 million shares in the previous session.
Levels Of Support And Resistance For VICI Stock
The 24-hour chart illustrates a support level at 29.07, which if violated will result in even more drops to 28.83. On the upside, there is a resistance level at 29.45. A further resistance level may holdings at 29.59. The Relative Strength Index (RSI) on the 14-day chart is 49.00, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 36.90%. Stochastics %K at 62.70% indicates the stock is a holding.
How much short interest is there in VICI Properties Inc?
A steep rise in short interest was recorded in VICI Properties Inc stocks on Mar 15, 2024, dropping by -4.57 million shares to a total of 21.07 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 25.64 million shares. There was a decline of -21.69%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.36% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.93.
The most recent change occurred on June 14, 2023 when Exane BNP Paribas began covering the stock and recommended ‘”an Outperform”‘ rating along with a $41 price target.
