Vornado Realty Trust’s recently made public that its Director Fascitelli Michael D unloaded Company’s shares for reported $9.96 million on Dec 22 ’23. In the deal valued at $29.54 per share,337,055 shares were sold. As a result of this transaction, Fascitelli Michael D now holds 969,491 shares worth roughly $25.37 million.
Then, Fascitelli Michael D sold 262,945 shares, generating $7,766,475 in total proceeds. Upon selling the shares at $29.54, the Director now owns 1,306,546 shares.
Before that, WIGHT RUSSELL B JR sold 7,000 shares. Vornado Realty Trust shares valued at $216,686 were divested by the Director at a price of $30.96 per share. As a result of the transaction, WIGHT RUSSELL B JR now holds 2,300,579 shares, worth roughly $60.21 million.
Morgan Stanley upgraded its Vornado Realty Trust [VNO] rating to an Equal-weight from a an Underweight in a research note published on March 28, 2024; the price target was increased to $26 from $24. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in late March with a ‘”an Underweight”‘ rating. BMO Capital Markets also remained covering VNO and has increased its forecast on December 15, 2023 with a “Market perform” recommendation from previously “an Underperform” rating. Evercore ISI revised its rating on December 11, 2023. It rated VNO as “an Underperform” which previously was an “an In-line”.
Price Performance Review of VNO
On Monday, Vornado Realty Trust [NYSE:VNO] saw its stock fall -4.56% to $26.17. Over the last five days, the stock has lost -9.26%. Vornado Realty Trust shares have fallen nearly -7.36% since the year began. Nevertheless, the stocks have risen 76.94% over the past one year. While a 52-week high of $32.21 was reached on 04/09/24, a 52-week low of $12.31 was recorded on 02/13/24. SMA at 50 days reached $26.51, while 200 days put it at $24.30. A total of 1.84 million shares were traded, compared to the trading of 1.62 million shares in the previous session.
Levels Of Support And Resistance For VNO Stock
The 24-hour chart illustrates a support level at 25.57, which if violated will result in even more drops to 24.97. On the upside, there is a resistance level at 27.36. A further resistance level may holdings at 28.55. The Relative Strength Index (RSI) on the 14-day chart is 45.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.39, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.74%. Stochastics %K at 29.64% indicates the stock is a holding.
The most recent change occurred on September 26, 2023 when Compass Point began covering the stock and recommended ‘”a Neutral”‘ rating along with a $25 price target.
