Veritone Inc’s recent filing unveils that its President and CEO Steelberg Ryan acquired Company’s shares for reported $0.1 million on Nov 17 ’23. In the deal valued at $2.05 per share,49,752 shares were bought. As a result of this transaction, Steelberg Ryan now holds 215,174 shares worth roughly $1.05 million.
ROTH MKM upgraded its Veritone Inc [VERI] rating to a Neutral from a a Sell in a research note published on February 01, 2024; the price target was decreased to $1.85 from $2. A number of analysts have revised their coverage, including ROTH MKM’s analysts, who decreased its forecast for the stock in early August from “a Neutral” to “a Sell”. ROTH MKM also remained covering VERI and has decreased its forecast on June 01, 2023 with a “Neutral” recommendation from previously “Buy” rating. BofA Securities revised its rating on April 20, 2023. It rated VERI as “an Underperform” which previously was an “a Neutral”.
Price Performance Review of VERI
On Friday, Veritone Inc [NASDAQ:VERI] saw its stock jump 2.97% to $4.86. Over the last five days, the stock has lost -25.63%. Veritone Inc shares have risen nearly 168.51% since the year began. Nevertheless, the stocks have fallen -1.82% over the past one year. While a 52-week high of $7.76 was reached on 04/04/24, a 52-week low of $1.48 was recorded on 01/09/24. SMA at 50 days reached $3.34, while 200 days put it at $2.82. A total of 1.78 million shares were traded, compared to the trading of 3.45 million shares in the previous session.
Levels Of Support And Resistance For VERI Stock
The 24-hour chart illustrates a support level at 4.58, which if violated will result in even more drops to 4.31. On the upside, there is a resistance level at 5.13. A further resistance level may holdings at 5.41. The Relative Strength Index (RSI) on the 14-day chart is 51.18, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.89, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.30%. Stochastics %K at 27.30% indicates the stock is a holding.
