Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Vistra Corp shares valued at $4,555,850 were sold by Kirby Carrie Lee on Mar 14 ’24. At $62.63 per share, Kirby Carrie Lee sold 72,748 shares. The insider’s holdings dropped to 184,201 shares worth approximately $13.26 million following the completion of this transaction.
Also, HUDSON SCOTT A sold 86,517 shares, netting a total of over 5,114,411 in proceeds. Following the sale of shares at $59.11 each, the insider now holds 254,932 shares.
Before that, Moore Stephanie Zapata had sold 98,020 shares from its account. In a trade valued at $5,733,963, the EVP and General Counsel traded Vistra Corp shares for $58.50 each. Upon closing the transaction, the insider’s holdings decreased to 98,020 shares, worth approximately $11.66 million.
As published in a research note from BofA Securities on September 30, 2021, Vistra Corp [VST] has been retained to a Buy and the price target has been revised to $23. Analysts at Guggenheim upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late July. As of July 09, 2021, BofA Securities has increased its “Neutral” rating to a “Buy” for VST. Earlier on July 09, 2021, BofA Securities upgraded its rating. Their new recommendation was “a Buy” for VST stock which previously was a “a Neutral”.
Analyzing VST Stock Performance
During the last five days, there has been a surge of approximately 2.07%. Over the course of the year, Vistra Corp shares have jumped approximately 86.92%. Shares of the company reached a 52-week high of $75.89 on 04/04/24 and a 52-week low of $37.77 on 01/03/24. A 50-day SMA is recorded $57.55, while a 200-day SMA reached $39.27. Nevertheless, trading volume fell to 4.23 million shares from 8.45 million shares the previous day.
Support And Resistance Levels for Vistra Corp (VST)
According to the 24-hour chart, there is a support level at 70.71, which, if violated, would cause prices to drop to 69.42. In the upper region, resistance lies at 72.72. The next price resistance is at 73.43. RSI (Relative Strength Index) is 61.81 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.32, which suggests the price will decrease in the coming days. Percent R is at 41.16%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Vistra Corp subject to short interest?
Stocks of Vistra Corp saw a sharp rise in short interest on Mar 15, 2024 jumping by 1.0 million shares to 11.91 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 10.91 million shares. A jump of 8.4% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.79 of the overall float, the days-to-cover ratio (short ratio) jumped to 1.79.
