Vornado Realty Trust’s recently made public that its Director Fascitelli Michael D unloaded Company’s shares for reported $9.96 million on Dec 22 ’23. In the deal valued at $29.54 per share,337,055 shares were sold. As a result of this transaction, Fascitelli Michael D now holds 969,491 shares worth roughly $27.96 million.
Then, Fascitelli Michael D sold 262,945 shares, generating $7,766,475 in total proceeds. Upon selling the shares at $29.54, the Director now owns 1,306,546 shares.
Before that, WIGHT RUSSELL B JR sold 7,000 shares. Vornado Realty Trust shares valued at $216,686 were divested by the Director at a price of $30.96 per share. As a result of the transaction, WIGHT RUSSELL B JR now holds 2,300,579 shares, worth roughly $66.35 million.
Morgan Stanley upgraded its Vornado Realty Trust [VNO] rating to an Equal-weight from a an Underweight in a research note published on March 28, 2024; the price target was increased to $26 from $24. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in late March with a ‘”an Underweight”‘ rating. BMO Capital Markets also remained covering VNO and has increased its forecast on December 15, 2023 with a “Market perform” recommendation from previously “an Underperform” rating. Evercore ISI revised its rating on December 11, 2023. It rated VNO as “an Underperform” which previously was an “an In-line”.
Price Performance Review of VNO
On Monday, Vornado Realty Trust [NYSE:VNO] saw its stock jump 5.41% to $28.84. Over the last five days, the stock has gained 3.07%. Vornado Realty Trust shares have risen nearly 2.09% since the year began. Nevertheless, the stocks have risen 88.01% over the past one year. While a 52-week high of $32.21 was reached on 01/29/24, a 52-week low of $12.31 was recorded on 02/13/24. SMA at 50 days reached $26.52, while 200 days put it at $24.00. A total of 2.02 million shares were traded, compared to the trading of 1.03 million shares in the previous session.
Levels Of Support And Resistance For VNO Stock
The 24-hour chart illustrates a support level at 27.99, which if violated will result in even more drops to 27.15. On the upside, there is a resistance level at 29.31. A further resistance level may holdings at 29.78. The Relative Strength Index (RSI) on the 14-day chart is 59.99, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.25, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 13.85%. Stochastics %K at 64.77% indicates the stock is a holding.
How much short interest is there in Vornado Realty Trust?
A steep rise in short interest was recorded in Vornado Realty Trust stocks on Mar 15, 2024, dropping by -0.14 million shares to a total of 19.08 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 19.22 million shares. There was a decline of -0.73%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 14.96% of the overall stock float, the days-to-cover ratio (short ratio) fell to 9.14.
The most recent change occurred on September 26, 2023 when Compass Point began covering the stock and recommended ‘”a Neutral”‘ rating along with a $25 price target.
