The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Verisk Analytics Inc shares valued at $346,433 were sold by Daffan Nicholas on Apr 12 ’24. At $222.93 per share, Daffan Nicholas sold 1,554 shares. The insider’s holdings dropped to 51,715 shares worth approximately $11.55 million following the completion of this transaction.
Also, Grover David J. sold 6,481 shares, netting a total of over 1,510,462 in proceeds. Following the sale of shares at $233.06 each, the insider now holds 12,140 shares.
Before that, Shavel Lee had sold 1,000 shares from its account. In a trade valued at $235,610, the Chief Executive Officer traded Verisk Analytics Inc shares for $235.61 each. Upon closing the transaction, the insider’s holdings decreased to 1,000 shares, worth approximately $13.21 million.
As published in a research note from BofA Securities on January 08, 2024, Verisk Analytics Inc [VRSK] has been rated down from a Buy to a Neutral and the price target has been revised to $260 from $270. Analysts at Deutsche Bank downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early December. As of October 30, 2023, Wells Fargo has initiated its “an Equal weight” rating for VRSK. Earlier on October 16, 2023, Jefferies downgraded its rating. Their new recommendation was “a Hold” for VRSK stock which previously was a “a Buy”.
Analyzing VRSK Stock Performance
During the last five days, there has been a drop of approximately -0.01%. Over the course of the year, Verisk Analytics Inc shares have dropped approximately -6.50%. Shares of the company reached a 52-week high of $251.98 on 02/07/24 and a 52-week low of $220.54 on 04/16/24. A 50-day SMA is recorded $236.17, while a 200-day SMA reached $236.80. Nevertheless, trading volume fell to 0.68 million shares from 1.46 million shares the previous day.
Support And Resistance Levels for Verisk Analytics Inc (VRSK)
According to the 24-hour chart, there is a support level at 222.23, which, if violated, would cause prices to drop to 221.13. In the upper region, resistance lies at 224.75. The next price resistance is at 226.17. RSI (Relative Strength Index) is 34.65 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.68, which suggests the price will decrease in the coming days. Percent R is at 81.29%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
