In a filing, Varex Imaging Corp revealed its SVP and CLO Honeysett Kimberley E. unloaded Company’s shares for reported $49678.0 on Mar 15 ’24. In the deal valued at $17.37 per share,2,860 shares were sold. As a result of this transaction, Honeysett Kimberley E. now holds 2,853 shares worth roughly $51553.71.
Then, Honeysett Kimberley E. sold 6,174 shares, generating $121,751 in total proceeds. Upon selling the shares at $19.72, the SVP and General Counsel now owns 0 shares.
Before that, Kunkel Jay K. sold 9,120 shares. Varex Imaging Corp shares valued at $199,728 were divested by the Director at a price of $21.90 per share. As a result of the transaction, Kunkel Jay K. now holds 11,598 shares, worth roughly $0.21 million.
Jefferies initiated its Varex Imaging Corp [VREX] rating to a Hold in a research note published on October 12, 2022; the price target was $24. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who increased its forecast for the stock in early February from “a Perform” to “an Outperform”. Oppenheimer also remained covering VREX and has decreased its forecast on August 13, 2020 with a “Perform” recommendation from previously “an Outperform” rating. JP Morgan revised its rating on May 13, 2020. It rated VREX as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of VREX
On Tuesday, Varex Imaging Corp [NASDAQ:VREX] saw its stock jump 2.26% to $18.07. Over the last five days, the stock has gained 0.33%. Varex Imaging Corp shares have fallen nearly -11.85% since the year began. Nevertheless, the stocks have risen 0.44% over the past one year. While a 52-week high of $23.90 was reached on 01/12/24, a 52-week low of $16.72 was recorded on 02/22/24. SMA at 50 days reached $17.70, while 200 days put it at $19.52. A total of 0.2 million shares were traded, compared to the trading of 0.33 million shares in the previous session.
Levels Of Support And Resistance For VREX Stock
The 24-hour chart illustrates a support level at 17.79, which if violated will result in even more drops to 17.51. On the upside, there is a resistance level at 18.21. A further resistance level may holdings at 18.35. The Relative Strength Index (RSI) on the 14-day chart is 56.99, 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 bullish at 17.69%. Stochastics %K at 61.28% indicates the stock is a holding.
How much short interest is there in Varex Imaging Corp?
A steep rise in short interest was recorded in Varex Imaging Corp stocks on Mar 15, 2024, growing by 0.32 million shares to a total of 4.39 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 4.07 million shares. There was a rise of 7.29%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 16.51% of the overall stock float, the days-to-cover ratio (short ratio) rose to 12.49.
