In a filing, Vuzix Corporation revealed its President and CEO Travers Paul J acquired Company’s shares for reported $19274.0 on Nov 15 ’23. In the deal valued at $2.57 per share,7,500 shares were bought. As a result of this transaction, Travers Paul J now holds 2,837,670 shares worth roughly $4.48 million.
Then, Kay Edward William Jr. bought 10,000 shares, generating $42,300 in total proceeds. Upon buying the shares at $4.23, the Director now owns 206,843 shares.
Before that, Harned Timothy Heydenreich bought 2,500 shares. Vuzix Corporation shares valued at $9,539 were divested by the Director at a price of $3.82 per share. As a result of the transaction, Harned Timothy Heydenreich now holds 146,711 shares, worth roughly $0.23 million.
BTIG Research downgraded its Vuzix Corporation [VUZI] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Dawson James’s analysts, who began to cover the stock in late December with a ‘”a Buy”‘ rating. Maxim Group also remained covering VUZI and has decreased its forecast on March 16, 2021 with a “Hold” recommendation from previously “Buy” rating. BTIG Research started covering the stock on February 17, 2021. It rated VUZI as “a Buy”.
Price Performance Review of VUZI
On Monday, Vuzix Corporation [NASDAQ:VUZI] saw its stock jump 11.27% to $1.58. Over the last five days, the stock has gained 30.58%. Vuzix Corporation shares have fallen nearly -24.22% since the year began. Nevertheless, the stocks have fallen -58.85% over the past one year. While a 52-week high of $6.06 was reached on 01/02/24, a 52-week low of $1.12 was recorded on 04/02/24. SMA at 50 days reached $1.5165, while 200 days put it at $2.9708. A total of 1.54 million shares were traded, compared to the trading of 0.39 million shares in the previous session.
Levels Of Support And Resistance For VUZI Stock
The 24-hour chart illustrates a support level at 1.4700, which if violated will result in even more drops to 1.3600. On the upside, there is a resistance level at 1.6700. A further resistance level may holdings at 1.7600. The Relative Strength Index (RSI) on the 14-day chart is 60.47, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.1474, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 13.21%. Stochastics %K at 78.50% indicates the stock is a holding.
How much short interest is there in Vuzix Corporation?
A steep rise in short interest was recorded in Vuzix Corporation stocks on Mar 15, 2024, growing by 0.45 million shares to a total of 10.43 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 9.98 million shares. There was a rise of 4.31%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 19.48% of the overall stock float, the days-to-cover ratio (short ratio) rose to 14.72.
The most recent change occurred on January 19, 2021 when Maxim Group resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $13.
