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Goldman analysts initates a Buy rating for Veralto Corp (VLTO)

Veralto Corp’s recently made public that its SVP, Water Quality Aquino Melissa unloaded Company’s shares for reported $0.75 million on Apr 26 ’24. In the deal valued at $93.56 per share,8,041 shares were sold. As a result of this transaction, Aquino Melissa now holds 20,761 shares worth roughly $1.94 million.

Then, Bystrom Mattias sold 500 shares, generating $43,050 in total proceeds. Upon selling the shares at $86.10, the Group Executive, Product ID now owns 30,310 shares.

Before that, MITTS HEATH A bought 9 shares. Veralto Corp shares valued at $688 were divested by the Director at a price of $76.46 per share. As a result of the transaction, MITTS HEATH A now holds 831 shares, worth roughly $77848.08.

Goldman initiated its Veralto Corp [VLTO] rating to a Buy in a research note published on March 22, 2024; the price target was $104. A number of analysts have revised their coverage, including Exane BNP Paribas’s analysts, who began to cover the stock in mid March with a ‘”an Outperform”‘ rating. BMO Capital Markets began covering VLTO with “an Outperform” recommendation on February 27, 2024. Deutsche Bank started covering the stock on January 10, 2024. It rated VLTO as “a Hold”.

Price Performance Review of VLTO

On Tuesday, Veralto Corp [NYSE:VLTO] saw its stock fall -1.28% to $93.68. Over the last five days, the stock has lost -0.04%. Veralto Corp shares have risen nearly 13.88% since the year began. A total of 1.27 million shares were traded, compared to the trading of 1.87 million shares in the previous session.

Levels Of Support And Resistance For VLTO Stock

The 24-hour chart illustrates a support level at 93.04, which if violated will result in even more drops to 92.40. On the upside, there is a resistance level at 94.88. A further resistance level may holdings at 96.08. The Relative Strength Index (RSI) on the 14-day chart is 62.37, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.97, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 19.75%. Stochastics %K at 86.51% indicates the stock is a selling.

The most recent change occurred on January 09, 2024 when Argus began covering the stock and recommended ‘”a Buy”‘ rating along with a $90 price target.

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