Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Voya Financial Inc shares valued at $6,795,572 were sold by MARTIN RODNEY O JR on Feb 21 ’24. At $68.53 per share, MARTIN RODNEY O JR sold 99,162 shares. The insider’s holdings dropped to 81,965 shares worth approximately $5.53 million following the completion of this transaction.
Also, Ogle Trevor sold 6,317 shares, netting a total of over 438,068 in proceeds. Following the sale of shares at $69.35 each, the insider now holds 3,840 shares.
Before that, Oh Tony D had sold 516 shares from its account. In a trade valued at $35,408, the insider traded Voya Financial Inc shares for $68.62 each. Upon closing the transaction, the insider’s holdings decreased to 516 shares, worth approximately $0.0.
As published in a research note from Goldman on January 08, 2024, Voya Financial Inc [VOYA] has been rated down from a Buy to a Neutral and the price target has been revised to $82. Analysts at JP Morgan upgraded the stock from ‘”a Neutral”‘ to ‘”an Overweight”‘ outlook in a report released in early January. As of September 30, 2022, Piper Sandler has increased its “Neutral” rating to a “an Overweight” for VOYA. Earlier on September 22, 2022, Raymond James initiated its rating. Their recommendation was “a Strong buy” for VOYA stock.
Analyzing VOYA Stock Performance
During the last five days, there has been a drop of approximately -3.63%. Over the course of the year, Voya Financial Inc shares have dropped approximately -7.54%. Shares of the company reached a 52-week high of $74.43 on 03/28/24 and a 52-week low of $63.11 on 02/07/24. A 50-day SMA is recorded $69.68, while a 200-day SMA reached $70.43. Nevertheless, trading volume fell to 0.74 million shares from 0.96 million shares the previous day.
Support And Resistance Levels for Voya Financial Inc (VOYA)
According to the 24-hour chart, there is a support level at 67.13, which, if violated, would cause prices to drop to 66.79. In the upper region, resistance lies at 67.98. The next price resistance is at 68.49. RSI (Relative Strength Index) is 35.47 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.97, which suggests the price will decrease in the coming days. Percent R is at 85.94%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
