Vertiv Holdings Co’s recently made public that its Chief Accounting Officer Cripps Scott unloaded Company’s shares for reported $4.0 million on Mar 08 ’24. In the deal valued at $70.76 per share,56,594 shares were sold. As a result of this transaction, Cripps Scott now holds 0 shares worth roughly $0.0.
Then, Liang Stephen sold 306,196 shares, generating $21,506,655 in total proceeds. Upon selling the shares at $70.24, the Chief Technology Officer & EVP now owns 51,841 shares.
Before that, VPE Holdings, LLC sold 10,000,000 shares. Vertiv Holdings Co shares valued at $375,000,000 were divested by the Director at a price of $37.50 per share. As a result of the transaction, VPE Holdings, LLC now holds 7,955,215 shares, worth roughly $605.15 million.
Oppenheimer initiated its Vertiv Holdings Co [VRT] rating to an Outperform in a research note published on April 05, 2024; the price target was $96. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in early August from “an Underperform” to “a Buy”. Vertical Research also remained covering VRT and has increased its forecast on June 09, 2023 with a “Buy” recommendation from previously “Hold” rating. Cowen revised its rating on October 27, 2022. It rated VRT as “an Outperform” which previously was an “a Market perform”.
Price Performance Review of VRT
On Monday, Vertiv Holdings Co [NYSE:VRT] saw its stock jump 1.41% to $76.07. Over the last five days, the stock has lost -5.70%. Vertiv Holdings Co shares have risen nearly 58.38% since the year began. Nevertheless, the stocks have risen 519.97% over the past one year. While a 52-week high of $88.69 was reached on 04/04/24, a 52-week low of $11.95 was recorded on 01/03/24. SMA at 50 days reached $74.23, while 200 days put it at $49.15. A total of 10.93 million shares were traded, compared to the trading of 15.94 million shares in the previous session.
Levels Of Support And Resistance For VRT Stock
The 24-hour chart illustrates a support level at 73.35, which if violated will result in even more drops to 70.63. On the upside, there is a resistance level at 78.02. A further resistance level may holdings at 79.97. The Relative Strength Index (RSI) on the 14-day chart is 44.74, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.73, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.34%. Stochastics %K at 19.38% indicates the stock is a buying.
