Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. VICI Properties Inc shares valued at $201,530 were purchased by ABRAHAMSON JAMES R on Mar 15 ’24. At $28.79 per share, ABRAHAMSON JAMES R acquired 7,000 shares. The insider’s holdings grew to 146,342 shares worth approximately $4.11 million following the completion of this transaction.
Also, ABRAHAMSON JAMES R purchased 3,000 shares, netting a total of over 86,550 in proceeds. Following the buying of shares at $28.85 each, the insider now holds 139,342 shares.
As published in their initiating research note from Goldman on December 08, 2023, VICI Properties Inc [VICI] has been a Buy and the price target has been revised to $36. Analysts at Wedbush started covering the stock with ‘”a Neutral”‘ outlook in a report released in early October. As of September 21, 2023, Wells Fargo has initiated its “an Overweight” rating for VICI. Earlier on July 05, 2023, Deutsche Bank downgraded its rating. Their new recommendation was “a Hold” for VICI stock which previously was a “a Buy”.
Analyzing VICI Stock Performance
During the last five days, there has been a drop of approximately -4.26%. Over the course of the year, VICI Properties Inc shares have dropped approximately -11.83%. Shares of the company reached a 52-week high of $32.68 on 01/02/24 and a 52-week low of $28.07 on 04/10/24. A 50-day SMA is recorded $29.47, while a 200-day SMA reached $30.13. Nevertheless, trading volume fell to 7.29 million shares from 5.32 million shares the previous day.
Support And Resistance Levels for VICI Properties Inc (VICI)
According to the 24-hour chart, there is a support level at 27.70, which, if violated, would cause prices to drop to 27.29. In the upper region, resistance lies at 28.89. The next price resistance is at 29.67. RSI (Relative Strength Index) is 35.00 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.11, which suggests the price will decrease in the coming days. Percent R is at 97.88%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is VICI Properties Inc subject to short interest?
Stocks of VICI Properties Inc saw a sharp steep in short interest on Mar 15, 2024 dropping by -4.57 million shares to 21.07 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 25.64 million shares. A decline of -21.69% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.93 of the overall float, the days-to-cover ratio (short ratio) decline to 2.93.
