Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. VIZIO Holding Corp shares valued at $1,103,000 were sold by Russell David Eugene on Mar 01 ’24. At $11.03 per share, Russell David Eugene sold 100,000 shares. The insider’s holdings dropped to 2,436,542 shares worth approximately $26.27 million following the completion of this transaction.
Also, Russell David Eugene sold 300,000 shares, netting a total of over 2,973,103 in proceeds. Following the sale of shares at $9.91 each, the insider now holds 2,536,542 shares.
Before that, O’Donnell Michael Joseph had sold 6,400 shares from its account. In a trade valued at $37,805, the insider traded VIZIO Holding Corp shares for $5.91 each. Upon closing the transaction, the insider’s holdings decreased to 6,400 shares, worth approximately $3.82 million.
As published in their initiating research note from B. Riley Securities on December 13, 2023, VIZIO Holding Corp [VZIO] has been a Buy and the price target has been revised to $11. Analysts at BofA Securities downgraded the stock from ‘”a Buy”‘ to ‘”an Underperform”‘ outlook in a report released in late August. As of December 01, 2022, Morgan Stanley has initiated its “an Equal-weight” rating for VZIO. Earlier on March 04, 2022, Needham resumed its rating. Their recommendation was “a Buy” for VZIO stock.
Analyzing VZIO Stock Performance
During the last five days, there has been a drop of approximately -1.19%. Over the course of the year, VIZIO Holding Corp shares have jumped approximately 40.00%. Shares of the company reached a 52-week high of $11.28 on 02/13/24 and a 52-week low of $6.84 on 01/19/24. A 50-day SMA is recorded $10.21, while a 200-day SMA reached $7.42. Nevertheless, trading volume fell to 2.7 million shares from 1.67 million shares the previous day.
Support And Resistance Levels for VIZIO Holding Corp (VZIO)
According to the 24-hour chart, there is a support level at 10.75, which, if violated, would cause prices to drop to 10.71. In the upper region, resistance lies at 10.83. The next price resistance is at 10.87. RSI (Relative Strength Index) is 52.22 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.10, which suggests the price will decrease in the coming days. Percent R is at 93.55%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is VIZIO Holding Corp subject to short interest?
Stocks of VIZIO Holding Corp saw a sharp rise in short interest on Mar 15, 2024 jumping by 10.94 million shares to 13.28 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 2.34 million shares. A jump of 82.38% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.79 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.79.
