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A company insider recently sold 10,000 shares of Verra Mobility Corp [VRRM]. Should You also Consider to Sale?

In a filing, Verra Mobility Corp revealed its Director REXFORD JOHN H unloaded Company’s shares for reported $0.23 million on Mar 12 ’24. In the deal valued at $22.82 per share,10,000 shares were sold. As a result of this transaction, REXFORD JOHN H now holds 41,275 shares worth roughly $1.01 million.

Then, Keyser Jonathan sold 7,789 shares, generating $174,551 in total proceeds. Upon selling the shares at $22.41, the Chief Legal Officer now owns 0 shares.

Before that, ROBERTS DAVID MARTIN sold 193,252 shares. Verra Mobility Corp shares valued at $3,908,425 were divested by the President and CEO at a price of $20.22 per share. As a result of the transaction, ROBERTS DAVID MARTIN now holds 568,370 shares, worth roughly $13.84 million.

UBS initiated its Verra Mobility Corp [VRRM] rating to a Buy in a research note published on October 20, 2023; the price target was $25. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who increased its forecast for the stock in late July from “a Hold” to “a Buy”. Robert W. Baird also remained covering VRRM and has decreased its forecast on July 13, 2022 with a “Neutral” recommendation from previously “an Outperform” rating. Deutsche Bank started covering the stock on March 30, 2022. It rated VRRM as “a Hold”.

Price Performance Review of VRRM

On Monday, Verra Mobility Corp [NASDAQ:VRRM] saw its stock jump 0.50% to $24.35. Over the last five days, the stock has gained 1.97%. Verra Mobility Corp shares have risen nearly 5.73% since the year began. Nevertheless, the stocks have risen 44.42% over the past one year. While a 52-week high of $25.57 was reached on 03/26/24, a 52-week low of $16.22 was recorded on 03/01/24. SMA at 50 days reached $23.55, while 200 days put it at $21.26. A total of 0.88 million shares were traded, compared to the trading of 0.65 million shares in the previous session.

Levels Of Support And Resistance For VRRM Stock

The 24-hour chart illustrates a support level at 24.13, which if violated will result in even more drops to 23.91. On the upside, there is a resistance level at 24.56. A further resistance level may holdings at 24.77. The Relative Strength Index (RSI) on the 14-day chart is 54.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 37.50%. Stochastics %K at 55.26% indicates the stock is a holding.

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