Vornado Realty Trust’s recent filing unveils that its Director Fascitelli Michael D unloaded Company’s shares for reported $9.96 million on Dec 22 ’23. In the deal valued at $29.54 per share,337,055 shares were sold. As a result of this transaction, Fascitelli Michael D now holds 969,491 shares worth roughly $25.82 million.
Then, Fascitelli Michael D sold 262,945 shares, generating $7,766,475 in total proceeds. Upon selling the shares at $29.54, the Director now owns 1,306,546 shares.
Before that, WIGHT RUSSELL B JR sold 7,000 shares. Vornado Realty Trust shares valued at $216,686 were divested by the Director at a price of $30.96 per share. As a result of the transaction, WIGHT RUSSELL B JR now holds 2,300,579 shares, worth roughly $61.26 million.
Morgan Stanley upgraded its Vornado Realty Trust [VNO] rating to an Equal-weight from a an Underweight in a research note published on March 28, 2024; the price target was increased to $26 from $24. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in late March with a ‘”an Underweight”‘ rating. BMO Capital Markets also remained covering VNO and has increased its forecast on December 15, 2023 with a “Market perform” recommendation from previously “an Underperform” rating. Evercore ISI revised its rating on December 11, 2023. It rated VNO as “an Underperform” which previously was an “an In-line”.
Price Performance Review of VNO
On Monday, Vornado Realty Trust [NYSE:VNO] saw its stock jump 1.52% to $26.63. Over the last five days, the stock has lost -1.33%. Vornado Realty Trust shares have fallen nearly -5.73% since the year began. Nevertheless, the stocks have risen 96.10% over the past one year. While a 52-week high of $32.21 was reached on 04/09/24, a 52-week low of $12.31 was recorded on 02/13/24. SMA at 50 days reached $26.67, while 200 days put it at $24.86. A total of 1.46 million shares were traded, compared to the trading of 2.59 million shares in the previous session.
Levels Of Support And Resistance For VNO Stock
The 24-hour chart illustrates a support level at 26.37, which if violated will result in even more drops to 26.10. On the upside, there is a resistance level at 26.94. A further resistance level may holdings at 27.24. The Relative Strength Index (RSI) on the 14-day chart is 50.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 50.57%. Stochastics %K at 43.62% indicates the stock is a holding.
The most recent change occurred on September 26, 2023 when Compass Point began covering the stock and recommended ‘”a Neutral”‘ rating along with a $25 price target.
