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. Vertiv Holdings Co shares valued at $63,053 were sold by Cui Yibin Edward on May 04 ’24. At $94.39 per share, Cui Yibin Edward sold 668 shares. The insider’s holdings dropped to 19,452 shares worth approximately $1.91 million following the completion of this transaction.
Also, Karlborg Anders sold 46,206 shares, netting a total of over 4,331,790 in proceeds. Following the sale of shares at $93.75 each, the insider now holds 23,003 shares.
Before that, O’ Doherty Philip had sold 2,511,295 shares from its account. In a trade valued at $235,146,183, the Managing Director, E+I traded Vertiv Holdings Co shares for $93.64 each. Upon closing the transaction, the insider’s holdings decreased to 2,511,295 shares, worth approximately $913.21 million.
As published in their initiating research note from Oppenheimer on April 05, 2024, Vertiv Holdings Co [VRT] has been an Outperform and the price target has been revised to $96. Analysts at BofA Securities upgraded the stock from ‘”an Underperform”‘ to ‘”a Buy”‘ outlook in a report released in early August. As of June 09, 2023, Vertical Research has increased its “Hold” rating to a “Buy” for VRT. Earlier on October 27, 2022, Cowen upgraded its rating. Their new recommendation was “an Outperform” for VRT stock which previously was a “a Market perform”.
Analyzing VRT Stock Performance
During the last five days, there has been a surge of approximately 6.26%. Over the course of the year, Vertiv Holdings Co shares have jumped approximately 103.91%. Shares of the company reached a 52-week high of $99.44 on 05/09/24 and a 52-week low of $44.31 on 01/03/24. A 50-day SMA is recorded $81.71, while a 200-day SMA reached $53.45. Nevertheless, trading volume fell to 5.37 million shares from 5.75 million shares the previous day.
Support And Resistance Levels for Vertiv Holdings Co (VRT)
According to the 24-hour chart, there is a support level at 95.85, which, if violated, would cause prices to drop to 93.75. In the upper region, resistance lies at 99.74. The next price resistance is at 101.53. RSI (Relative Strength Index) is 65.48 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.92, which suggests the price will increase in the coming days. Percent R is at 5.58%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
