Vintage Wine Estates Inc’s filing revealed that its Executive Chairman Roney Patrick A acquired Company’s shares for reported $53000.0 on Dec 13 ’23. In the deal valued at $0.53 per share,100,000 shares were bought. As a result of this transaction, Roney Patrick A now holds 410,400 shares worth roughly $82080.0.
Then, Proctor Timothy D bought 1,802 shares, generating $1,027 in total proceeds. Upon buying the shares at $0.57, the Director now owns 143,295 shares.
Before that, Proctor Timothy D bought 30,050 shares. Vintage Wine Estates Inc shares valued at $17,128 were divested by the Director at a price of $0.57 per share. As a result of the transaction, Proctor Timothy D now holds 141,493 shares, worth roughly $28298.600000000002.
Telsey Advisory Group downgraded its Vintage Wine Estates Inc [VWE] rating to an Underperform from a a Market perform in a research note published on February 09, 2023; the price target was decreased to $1.50 from $3.50. A number of analysts have revised their coverage, including Canaccord Genuity’s analysts, who decreased its forecast for the stock in early February from “a Hold” to “a Sell”. Telsey Advisory Group also remained covering VWE and has increased its forecast on December 09, 2022 with a “an Outperform” recommendation from previously “Market perform” rating. DA Davidson revised its rating on November 10, 2022. It rated VWE as “a Neutral” which previously was an “a Buy”.
Price Performance Review of VWE
On Friday, Vintage Wine Estates Inc [NASDAQ:VWE] saw its stock fall -16.67% to $0.20. Over the last five days, the stock has lost -23.66%. Vintage Wine Estates Inc shares have fallen nearly -60.18% since the year began. Nevertheless, the stocks have fallen -84.96% over the past one year. While a 52-week high of $1.45 was reached on 03/08/24, a 52-week low of $0.22 was recorded on 04/26/24. SMA at 50 days reached $0.3718, while 200 days put it at $0.5811. A total of 1.02 million shares were traded, compared to the trading of 0.39 million shares in the previous session.
Levels Of Support And Resistance For VWE Stock
The 24-hour chart illustrates a support level at 0.1667, which if violated will result in even more drops to 0.1334. On the upside, there is a resistance level at 0.2616. A further resistance level may holdings at 0.3232. The Relative Strength Index (RSI) on the 14-day chart is 31.01, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0292, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.50%. Stochastics %K at 15.06% indicates the stock is a buying.
