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Recent Insider Activity Could Benefit Visteon Corp. (VC)

Visteon Corp.’s recent filing unveils that its Director Jones Jeffrey David unloaded Company’s shares for reported $0.12 million on Feb 23 ’24. In the deal valued at $115.23 per share,1,000 shares were sold. As a result of this transaction, Jones Jeffrey David now holds 1,192 shares worth roughly $0.13 million.

Then, Lawande Sachin sold 14,739 shares, generating $2,075,487 in total proceeds. Upon selling the shares at $140.82, the CEO & President now owns 246,352 shares.

Before that, Lawande Sachin sold 10,000 shares. Visteon Corp. shares valued at $1,583,386 were divested by the CEO & President at a price of $158.34 per share. As a result of the transaction, Lawande Sachin now holds 246,352 shares, worth roughly $27.25 million.

Wells Fargo upgraded its Visteon Corp. [VC] rating to an Equal weight from a an Underweight in a research note published on April 26, 2024; the price target was increased to $108 from $106. A number of analysts have revised their coverage, including Barclays’s analysts, who increased its forecast for the stock in early April from “an Equal weight” to “an Overweight”. UBS also remained covering VC and has increased its forecast on January 17, 2024 with a “Buy” recommendation from previously “Neutral” rating. Wolfe Research revised its rating on January 04, 2024. It rated VC as “a Peer perform” which previously was an “an Outperform”.

Price Performance Review of VC

On Tuesday, Visteon Corp. [NASDAQ:VC] saw its stock fall -1.93% to $110.63. Over the last five days, the stock has gained 0.75%. Visteon Corp. shares have fallen nearly -11.43% since the year began. Nevertheless, the stocks have fallen -21.20% over the past one year. While a 52-week high of $159.87 was reached on 01/02/24, a 52-week low of $105.19 was recorded on 04/25/24. SMA at 50 days reached $113.32, while 200 days put it at $125.39. A total of 0.26 million shares were traded, compared to the trading of 0.31 million shares in the previous session.

Levels Of Support And Resistance For VC Stock

The 24-hour chart illustrates a support level at 109.79, which if violated will result in even more drops to 108.96. On the upside, there is a resistance level at 111.74. A further resistance level may holdings at 112.86. The Relative Strength Index (RSI) on the 14-day chart is 47.39, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.19, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 41.82%. Stochastics %K at 70.10% indicates the stock is a holding.

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