VIZIO Holding Corp’s filing revealed that its Director Russell David Eugene unloaded Company’s shares for reported $1.1 million on Mar 01 ’24. In the deal valued at $11.03 per share,100,000 shares were sold. As a result of this transaction, Russell David Eugene now holds 2,436,542 shares worth roughly $26.49 million.
Then, Russell David Eugene sold 300,000 shares, generating $2,973,103 in total proceeds. Upon selling the shares at $9.91, the Director now owns 2,536,542 shares.
Before that, O’Donnell Michael Joseph sold 6,400 shares. VIZIO Holding Corp shares valued at $37,805 were divested by the insider at a price of $5.91 per share. As a result of the transaction, O’Donnell Michael Joseph now holds 354,215 shares, worth roughly $3.85 million.
B. Riley Securities initiated its VIZIO Holding Corp [VZIO] rating to a Buy in a research note published on December 13, 2023; the price target was $11. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in late August from “a Buy” to “an Underperform”. Morgan Stanley began covering VZIO with “an Equal-weight” recommendation on December 01, 2022. Needham maintained its rating on March 04, 2022. It rated VZIO as “a Buy”.
Price Performance Review of VZIO
On Monday, VIZIO Holding Corp [NYSE:VZIO] saw its stock fall -0.09% to $10.87. Over the last five days, the stock has lost -0.55%. VIZIO Holding Corp shares have risen nearly 41.17% since the year began. Nevertheless, the stocks have risen 23.38% over the past one year. While a 52-week high of $11.28 was reached on 02/13/24, a 52-week low of $4.82 was recorded on 01/19/24. SMA at 50 days reached $9.99, while 200 days put it at $7.35. A total of 1.16 million shares were traded, compared to the trading of 2.32 million shares in the previous session.
Levels Of Support And Resistance For VZIO Stock
The 24-hour chart illustrates a support level at 10.83, which if violated will result in even more drops to 10.80. On the upside, there is a resistance level at 10.91. A further resistance level may holdings at 10.96. The Relative Strength Index (RSI) on the 14-day chart is 57.17, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.05%. Stochastics %K at 21.06% indicates the stock is a holding.
How much short interest is there in VIZIO Holding Corp?
A steep rise in short interest was recorded in VIZIO Holding Corp stocks on Mar 15, 2024, growing by 10.94 million shares to a total of 13.28 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 2.34 million shares. There was a rise of 82.38%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 13.80% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.79.
The most recent change occurred on December 08, 2021 when Craig Hallum began covering the stock and recommended ‘”a Buy”‘ rating along with a $28 price target.
