In a filing, Vuzix Corporation revealed its President and CEO Travers Paul J acquired Company’s shares for reported $19274.0 on Nov 15 ’23. In the deal valued at $2.57 per share,7,500 shares were bought. As a result of this transaction, Travers Paul J now holds 2,837,670 shares worth roughly $3.49 million.
Then, Kay Edward William Jr. bought 10,000 shares, generating $42,300 in total proceeds. Upon buying the shares at $4.23, the Director now owns 206,843 shares.
Before that, Harned Timothy Heydenreich bought 2,500 shares. Vuzix Corporation shares valued at $9,539 were divested by the Director at a price of $3.82 per share. As a result of the transaction, Harned Timothy Heydenreich now holds 146,711 shares, worth roughly $0.18 million.
BTIG Research downgraded its Vuzix Corporation [VUZI] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Dawson James’s analysts, who began to cover the stock in late December with a ‘”a Buy”‘ rating. Maxim Group also remained covering VUZI and has decreased its forecast on March 16, 2021 with a “Hold” recommendation from previously “Buy” rating. BTIG Research started covering the stock on February 17, 2021. It rated VUZI as “a Buy”.
Price Performance Review of VUZI
On Monday, Vuzix Corporation [NASDAQ:VUZI] saw its stock unchanged to $1.23. Over the last five days, the stock has lost -22.15%. Vuzix Corporation shares have fallen nearly -41.01% since the year began. Nevertheless, the stocks have fallen -70.78% over the past one year. While a 52-week high of $6.06 was reached on 01/02/24, a 52-week low of $1.12 was recorded on 04/02/24. SMA at 50 days reached $1.4821, while 200 days put it at $2.8784. A total of 1.16 million shares were traded, compared to the trading of 0.56 million shares in the previous session.
Levels Of Support And Resistance For VUZI Stock
The 24-hour chart illustrates a support level at 1.1700, which if violated will result in even more drops to 1.1100. On the upside, there is a resistance level at 1.3000. A further resistance level may holdings at 1.3700. The Relative Strength Index (RSI) on the 14-day chart is 40.62, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0521, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.25%. Stochastics %K at 30.19% indicates the stock is a holding.
The most recent change occurred on January 19, 2021 when Maxim Group resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $13.
