Vertex Energy Inc’s recent filing unveils that its Director Khoury Odeh unloaded Company’s shares for reported $2610.0 on Apr 10 ’24. In the deal valued at $1.16 per share,2,250 shares were sold. As a result of this transaction, Khoury Odeh now holds 17,784 shares worth roughly $18495.36.
Then, Stratton Christopher Allen sold 100,000 shares, generating $392,600 in total proceeds. Upon selling the shares at $3.93, the Director now owns 88,405 shares.
Before that, Rhame James Gary bought 4,000 shares. Vertex Energy Inc shares valued at $25,310 were divested by the Chief Operating Officer at a price of $6.33 per share. As a result of the transaction, Rhame James Gary now holds 14,648 shares, worth roughly $15233.92.
Northland Capital downgraded its Vertex Energy Inc [VTNR] rating to a Market perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Stifel’s analysts, who decreased its forecast for the stock in mid December from “a Buy” to “a Hold”. Oppenheimer also remained covering VTNR and has decreased its forecast on July 26, 2023 with a “Perform” recommendation from previously “an Outperform” rating. TD Cowen started covering the stock on March 10, 2023. It rated VTNR as “a Market perform”.
Price Performance Review of VTNR
On Monday, Vertex Energy Inc [NASDAQ:VTNR] saw its stock unchanged to $1.04. Over the last five days, the stock has lost -18.11%. Vertex Energy Inc shares have fallen nearly -69.32% since the year began. Nevertheless, the stocks have fallen -88.17% over the past one year. While a 52-week high of $9.26 was reached on 01/02/24, a 52-week low of $1.00 was recorded on 04/12/24. SMA at 50 days reached $1.3793, while 200 days put it at $3.4683. A total of 1.56 million shares were traded, compared to the trading of 2.53 million shares in the previous session.
Levels Of Support And Resistance For VTNR Stock
The 24-hour chart illustrates a support level at 1.0100, which if violated will result in even more drops to 0.9800. On the upside, there is a resistance level at 1.0700. A further resistance level may holdings at 1.1000. The Relative Strength Index (RSI) on the 14-day chart is 30.83, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.1779, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.84%. Stochastics %K at 8.54% indicates the stock is a buying.
