Visteon Corp.’s recently made public that its Director Jones Jeffrey David unloaded Company’s shares for reported $0.12 million on Feb 23 ’24. In the deal valued at $115.23 per share,1,000 shares were sold. As a result of this transaction, Jones Jeffrey David now holds 1,192 shares worth roughly $0.13 million.
Then, Lawande Sachin sold 14,739 shares, generating $2,075,487 in total proceeds. Upon selling the shares at $140.82, the CEO & President now owns 246,352 shares.
Before that, Lawande Sachin sold 10,000 shares. Visteon Corp. shares valued at $1,583,386 were divested by the CEO & President at a price of $158.34 per share. As a result of the transaction, Lawande Sachin now holds 246,352 shares, worth roughly $26.48 million.
Barclays upgraded its Visteon Corp. [VC] rating to an Overweight from a an Equal weight in a research note published on April 10, 2024; the price target was increased to $145 from $140. A number of analysts have revised their coverage, including UBS’s analysts, who increased its forecast for the stock in mid January from “a Neutral” to “a Buy”. Wolfe Research also remained covering VC and has decreased its forecast on January 04, 2024 with a “Peer perform” recommendation from previously “an Outperform” rating. Exane BNP Paribas revised its rating on December 13, 2023. It rated VC as “a Neutral” which previously was an “an Outperform”.
Price Performance Review of VC
On Tuesday, Visteon Corp. [NASDAQ:VC] saw its stock fall -1.11% to $107.50. Over the last five days, the stock has lost -5.76%. Visteon Corp. shares have fallen nearly -13.93% since the year began. Nevertheless, the stocks have fallen -28.21% over the past one year. While a 52-week high of $159.87 was reached on 01/02/24, a 52-week low of $108.17 was recorded on 04/16/24. SMA at 50 days reached $115.21, while 200 days put it at $127.38. A total of 0.27 million shares were traded, compared to the trading of 0.23 million shares in the previous session.
Levels Of Support And Resistance For VC Stock
The 24-hour chart illustrates a support level at 106.70, which if violated will result in even more drops to 105.90. On the upside, there is a resistance level at 108.47. A further resistance level may holdings at 109.44. The Relative Strength Index (RSI) on the 14-day chart is 35.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.59, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.87%. Stochastics %K at 3.59% indicates the stock is a buying.
