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. Vicor Corp. shares valued at $73,651 were sold by GENDRON ROBERT on Mar 08 ’24. At $36.83 per share, GENDRON ROBERT sold 2,000 shares. The insider’s holdings dropped to 5,374 shares worth approximately $0.17 million following the completion of this transaction.
Also, Fendelet Quentin A. sold 340 shares, netting a total of over 12,947 in proceeds. Following the sale of shares at $38.08 each, the insider now holds 0 shares.
Before that, Morrison Kemble D had sold 2,659 shares from its account. In a trade valued at $98,383, the VP-Corporate Controller traded Vicor Corp. shares for $37.00 each. Upon closing the transaction, the insider’s holdings decreased to 2,659 shares, worth approximately $0.0.
As published in a research note from Craig Hallum on February 23, 2024, Vicor Corp. [VICR] has been rated down from a Buy to a Hold and the price target has been revised to $40. Analysts at Needham downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in late October. As of July 26, 2023, Craig Hallum has increased its “Hold” rating to a “Buy” for VICR. Earlier on February 24, 2023, Craig Hallum downgraded its rating. Their new recommendation was “a Hold” for VICR stock which previously was a “a Buy”.
Analyzing VICR Stock Performance
During the last five days, there has been a drop of approximately -7.69%. Over the course of the year, Vicor Corp. shares have dropped approximately -28.73%. Shares of the company reached a 52-week high of $48.20 on 02/22/24 and a 52-week low of $30.92 on 04/24/24. A 50-day SMA is recorded $37.88, while a 200-day SMA reached $48.52. Nevertheless, trading volume fell to 0.69 million shares from 0.36 million shares the previous day.
Support And Resistance Levels for Vicor Corp. (VICR)
According to the 24-hour chart, there is a support level at 29.83, which, if violated, would cause prices to drop to 27.64. In the upper region, resistance lies at 35.32. The next price resistance is at 38.61. RSI (Relative Strength Index) is 32.74 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.64, which suggests the price will decrease in the coming days. Percent R is at 85.34%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
