Veeva Systems Inc’s recently made public that its SVP, Gen. Counsel, Secretary Faddis Jonathan unloaded Company’s shares for reported $0.75 million on Apr 15 ’24. In the deal valued at $207.42 per share,3,598 shares were sold. As a result of this transaction, Faddis Jonathan now holds 10,668 shares worth roughly $2.12 million.
Then, Cabral Timothy S sold 15,000 shares, generating $3,390,657 in total proceeds. Upon selling the shares at $226.04, the Director now owns 23,391 shares.
Before that, Wallach Matthew J sold 5,000 shares. Veeva Systems Inc shares valued at $1,017,147 were divested by the Director at a price of $203.43 per share. As a result of the transaction, Wallach Matthew J now holds 104,025 shares, worth roughly $20.71 million.
Wells Fargo upgraded its Veeva Systems Inc [VEEV] rating to an Overweight from a an Equal weight in a research note published on October 25, 2023; the price target was increased to $229 from $211. A number of analysts have revised their coverage, including Jefferies’s analysts, who began to cover the stock in mid October with a ‘”a Buy”‘ rating. Morgan Stanley also remained covering VEEV and has decreased its forecast on June 28, 2023 with a “an Underweight” recommendation from previously “an Equal-weight” rating. Guggenheim revised its rating on June 01, 2023. It rated VEEV as “a Buy” which previously was an “a Neutral”.
Price Performance Review of VEEV
On Monday, Veeva Systems Inc [NYSE:VEEV] saw its stock jump 0.34% to $199.06. Over the last five days, the stock has lost -1.27%. Veeva Systems Inc shares have risen nearly 3.40% since the year began. Nevertheless, the stocks have risen 8.57% over the past one year. While a 52-week high of $236.90 was reached on 03/14/24, a 52-week low of $160.21 was recorded on 01/08/24. SMA at 50 days reached $220.49, while 200 days put it at $202.44. A total of 0.74 million shares were traded, compared to the trading of 0.74 million shares in the previous session.
Levels Of Support And Resistance For VEEV Stock
The 24-hour chart illustrates a support level at 196.29, which if violated will result in even more drops to 193.52. On the upside, there is a resistance level at 201.15. A further resistance level may holdings at 203.23. The Relative Strength Index (RSI) on the 14-day chart is 25.99, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -8.52, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.56%. Stochastics %K at 8.73% indicates the stock is a buying.
