The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Vestis Corp shares valued at $287,175 were purchased by Scott Kim on Feb 09 ’24. At $19.14 per share, Scott Kim acquired 15,000 shares. The insider’s holdings grew to 183,131 shares worth approximately $3.38 million following the completion of this transaction.
Also, Pertz Douglas A purchased 5,120 shares, netting a total of over 100,352 in proceeds. Following the buying of shares at $19.60 each, the insider now holds 23,697 shares.
Before that, Pertz Douglas A had added 5,250 shares to its account. In a trade valued at $100,275, the Director bought Vestis Corp shares for $19.10 each. Upon closing the transaction, the insider’s holdings increased to 5,250 shares, worth approximately $0.34 million.
As published in a research note from Barclays on February 28, 2024, Vestis Corp [VSTS] has been rated down from an Equal weight to an Underweight and the price target has been revised to $19 from $17. Analysts at Goldman started covering the stock with ‘”a Neutral”‘ outlook in a report released in late January. As of January 11, 2024, Wolfe Research has initiated its “an Outperform” rating for VSTS. Earlier on December 15, 2023, Wells Fargo initiated its rating. Their recommendation was “an Overweight” for VSTS stock.
Analyzing VSTS Stock Performance
During the last five days, there has been a drop of approximately -1.23%. Over the course of the year, Vestis Corp shares have dropped approximately -12.63%. Nevertheless, trading volume fell to 1.65 million shares from 0.96 million shares the previous day.
Support And Resistance Levels for Vestis Corp (VSTS)
According to the 24-hour chart, there is a support level at 18.23, which, if violated, would cause prices to drop to 17.99. In the upper region, resistance lies at 18.83. The next price resistance is at 19.19. RSI (Relative Strength Index) is 43.73 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.17, which suggests the price will decrease in the coming days. Percent R is at 85.98%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
