Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Verra Mobility Corp shares valued at $228,190 were sold by REXFORD JOHN H on Mar 12 ’24. At $22.82 per share, REXFORD JOHN H sold 10,000 shares. The insider’s holdings dropped to 41,275 shares worth approximately $1.02 million following the completion of this transaction.
Also, Keyser Jonathan sold 7,789 shares, netting a total of over 174,551 in proceeds. Following the sale of shares at $22.41 each, the insider now holds 0 shares.
Before that, ROBERTS DAVID MARTIN had sold 193,252 shares from its account. In a trade valued at $3,908,425, the President and CEO traded Verra Mobility Corp shares for $20.22 each. Upon closing the transaction, the insider’s holdings decreased to 193,252 shares, worth approximately $14.02 million.
As published in their initiating research note from UBS on October 20, 2023, Verra Mobility Corp [VRRM] has been a Buy and the price target has been revised to $25. Analysts at Deutsche Bank upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in late July. As of July 13, 2022, Robert W. Baird has decreased its “an Outperform” rating to a “Neutral” for VRRM. Earlier on March 30, 2022, Deutsche Bank initiated its rating. Their recommendation was “a Hold” for VRRM stock.
Analyzing VRRM Stock Performance
During the last five days, there has been a surge of approximately 0.98%. Over the course of the year, Verra Mobility Corp shares have jumped approximately 7.08%. Shares of the company reached a 52-week high of $25.57 on 03/26/24 and a 52-week low of $20.26 on 03/01/24. A 50-day SMA is recorded $23.24, while a 200-day SMA reached $21.00. Nevertheless, trading volume fell to 0.57 million shares from 0.75 million shares the previous day.
Support And Resistance Levels for Verra Mobility Corp (VRRM)
According to the 24-hour chart, there is a support level at 24.52, which, if violated, would cause prices to drop to 24.39. In the upper region, resistance lies at 24.85. The next price resistance is at 25.04. RSI (Relative Strength Index) is 58.08 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.07, which suggests the price will decrease in the coming days. Percent R is at 62.76%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Verra Mobility Corp subject to short interest?
Stocks of Verra Mobility Corp saw a sharp rise in short interest on Mar 15, 2024 jumping by 1.65 million shares to 3.41 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 1.76 million shares. A jump of 48.39% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.82 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.82.
