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A Guide To The Risks Of Investing In Veritex Holdings Inc (VBTX)

Veritex Holdings Inc’s filing revealed that its Director Morrison Gregory B acquired Company’s shares for reported $29998.0 on Oct 31 ’23. In the deal valued at $17.30 per share,1,734 shares were bought. As a result of this transaction, Morrison Gregory B now holds 29,636 shares worth roughly $0.59 million.

Then, Earley Terry bought 306 shares, generating $6,554 in total proceeds. Upon buying the shares at $21.42, the Chief Financial Officer now owns 85,321 shares.

Before that, Morrison Gregory B bought 1,252 shares. Veritex Holdings Inc shares valued at $25,000 were divested by the Director at a price of $19.98 per share. As a result of the transaction, Morrison Gregory B now holds 26,554 shares, worth roughly $0.53 million.

Hovde Group downgraded its Veritex Holdings Inc [VBTX] rating to a Market perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Raymond James’s analysts, who decreased its forecast for the stock in early January from “an Outperform” to “a Mkt perform”. Stephens also remained covering VBTX and has decreased its forecast on September 07, 2022 with a “an Equal-weight” recommendation from previously “an Overweight” rating. Raymond James revised its rating on July 07, 2022. It rated VBTX as “an Outperform” which previously was an “a Strong buy”.

Price Performance Review of VBTX

On Monday, Veritex Holdings Inc [NASDAQ:VBTX] saw its stock fall -1.34% to $19.90. Over the last five days, the stock has lost -1.97%. Veritex Holdings Inc shares have fallen nearly -14.48% since the year began. Nevertheless, the stocks have risen 15.63% over the past one year. While a 52-week high of $24.46 was reached on 01/02/24, a 52-week low of $14.88 was recorded on 03/14/24. SMA at 50 days reached $19.84, while 200 days put it at $19.94. A total of 0.46 million shares were traded, compared to the trading of 0.62 million shares in the previous session.

Levels Of Support And Resistance For VBTX Stock

The 24-hour chart illustrates a support level at 19.73, which if violated will result in even more drops to 19.56. On the upside, there is a resistance level at 20.20. A further resistance level may holdings at 20.50. The Relative Strength Index (RSI) on the 14-day chart is 49.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.30, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 58.82%. Stochastics %K at 53.76% indicates the stock is a holding.

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