Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Ventas Inc shares valued at $871,552 were sold by Probst Robert F on May 07 ’24. At $47.11 per share, Probst Robert F sold 18,500 shares. The insider’s holdings dropped to 176,403 shares worth approximately $8.37 million following the completion of this transaction.
Also, RAKOWICH WALTER C sold 1,242 shares, netting a total of over 52,870 in proceeds. Following the sale of shares at $42.57 each, the insider now holds 24,528 shares.
As published in a research note from Evercore ISI on March 18, 2024, Ventas Inc [VTR] has been rated up from an In-line to an Outperform and the price target has been revised to $50. Analysts at Wells Fargo downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal weight”‘ outlook in a report released in late February. As of January 30, 2024, Deutsche Bank has initiated its “Buy” rating for VTR. Earlier on January 16, 2024, BofA Securities upgraded its rating. Their new recommendation was “a Buy” for VTR stock which previously was a “a Neutral”.
Analyzing VTR Stock Performance
During the last five days, there has been a surge of approximately 8.29%. Over the course of the year, Ventas Inc shares have dropped approximately -4.82%. Shares of the company reached a 52-week high of $50.60 on 01/02/24 and a 52-week low of $41.45 on 04/16/24. A 50-day SMA is recorded $43.61, while a 200-day SMA reached $44.65. Nevertheless, trading volume fell to 2.63 million shares from 1.73 million shares the previous day.
Support And Resistance Levels for Ventas Inc (VTR)
According to the 24-hour chart, there is a support level at 46.95, which, if violated, would cause prices to drop to 46.47. In the upper region, resistance lies at 47.79. The next price resistance is at 48.14. RSI (Relative Strength Index) is 71.05 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.34, which suggests the price will increase in the coming days. Percent R is at 4.30%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
