Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Vista Outdoor Inc shares valued at $45,006 were purchased by MCARTHUR GARY L on Nov 21 ’23. At $25.94 per share, MCARTHUR GARY L acquired 1,735 shares. The insider’s holdings grew to 94,560 shares worth approximately $3.02 million following the completion of this transaction.
Also, Robinson Michael D sold 4,159 shares, netting a total of over 115,454 in proceeds. Following the sale of shares at $27.76 each, the insider now holds 21,430 shares.
Before that, Crandell Bradford E had sold 3,954 shares from its account. In a trade valued at $104,227, the Chief Human Resources Officer traded Vista Outdoor Inc shares for $26.36 each. Upon closing the transaction, the insider’s holdings decreased to 3,954 shares, worth approximately $1.81 million.
As published in a research note from ROTH MKM on April 04, 2024, Vista Outdoor Inc [VSTO] has been rated up from a Neutral to a Buy and the price target has been revised to $38. Analysts at Monness Crespi & Hardt resumed the stock at ‘”a Buy”‘ outlook in a report released in early February. Earlier on September 20, 2022, Jefferies initiated its rating. Their recommendation was “a Hold” for VSTO stock.
Analyzing VSTO Stock Performance
During the last five days, there has been a drop of approximately -3.44%. Over the course of the year, Vista Outdoor Inc shares have jumped approximately 8.12%. Shares of the company reached a 52-week high of $33.96 on 03/01/24 and a 52-week low of $27.64 on 01/11/24. A 50-day SMA is recorded $31.72, while a 200-day SMA reached $29.35. Nevertheless, trading volume fell to 0.59 million shares from 0.63 million shares the previous day.
Support And Resistance Levels for Vista Outdoor Inc (VSTO)
According to the 24-hour chart, there is a support level at 31.77, which, if violated, would cause prices to drop to 31.58. In the upper region, resistance lies at 32.29. The next price resistance is at 32.62. RSI (Relative Strength Index) is 44.93 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.69, which suggests the price will decrease in the coming days. Percent R is at 74.60%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
