Vestis Corp’s recent filing unveils that its President and CEO Scott Kim acquired Company’s shares for reported $0.29 million on Feb 09 ’24. In the deal valued at $19.14 per share,15,000 shares were bought. As a result of this transaction, Scott Kim now holds 183,131 shares worth roughly $1.72 million.
Then, Pertz Douglas A bought 5,120 shares, generating $100,352 in total proceeds. Upon buying the shares at $19.60, the Director now owns 23,697 shares.
Before that, Pertz Douglas A bought 5,250 shares. Vestis Corp shares valued at $100,275 were divested by the Director at a price of $19.10 per share. As a result of the transaction, Pertz Douglas A now holds 18,577 shares, worth roughly $0.17 million.
Stifel downgraded its Vestis Corp [VSTS] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in early May from “an Overweight” to “a Neutral”. Barclays also remained covering VSTS and has decreased its forecast on February 28, 2024 with a “an Underweight” recommendation from previously “an Equal weight” rating. Goldman started covering the stock on January 25, 2024. It rated VSTS as “a Neutral”.
Price Performance Review of VSTS
On Friday, Vestis Corp [NYSE:VSTS] saw its stock fall -7.38% to $9.41. Over the last five days, the stock has lost -50.21%. Vestis Corp shares have fallen nearly -55.49% since the year began. A total of 24.34 million shares were traded, compared to the trading of 28.19 million shares in the previous session.
Levels Of Support And Resistance For VSTS Stock
The 24-hour chart illustrates a support level at 8.91, which if violated will result in even more drops to 8.42. On the upside, there is a resistance level at 10.14. A further resistance level may holdings at 10.88. The Relative Strength Index (RSI) on the 14-day chart is 9.82, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.76, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.19%. Stochastics %K at 10.24% indicates the stock is a buying.
The most recent change occurred on January 11, 2024 when Wolfe Research began covering the stock and recommended ‘”an Outperform”‘ rating along with a $24 price target.
