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A company insider recently bought 6,250 shares of NCR Voyix Corp [VYX]. Should You Buy?

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. NCR Voyix Corp shares valued at $100,312 were purchased by Reddy Kevin Michael on Dec 01 ’23. At $16.05 per share, Reddy Kevin Michael acquired 6,250 shares. The insider’s holdings grew to 15,646 shares worth approximately $0.2 million following the completion of this transaction.

Also, KELLY JAMES G purchased 32,100 shares, netting a total of over 497,550 in proceeds. Following the buying of shares at $15.50 each, the insider now holds 32,100 shares.

Before that, KELLY JAMES G had added 32,100 shares to its account. In a trade valued at $497,550, the Director bought NCR Voyix Corp shares for $15.50 each. Upon closing the transaction, the insider’s holdings increased to 32,100 shares, worth approximately $0.54 million.

As published in their initiating research note from Goldman on March 18, 2024, NCR Voyix Corp [VYX] has been a Neutral and the price target has been revised to $14. Analysts at Northcoast upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid March. As of December 04, 2023, Needham has initiated its “Buy” rating for VYX. Earlier on October 17, 2023, DA Davidson initiated its rating. Their recommendation was “a Buy” for VYX stock.

Analyzing VYX Stock Performance

During the last five days, there has been a surge of approximately 3.33%. Over the course of the year, NCR Voyix Corp shares have dropped approximately -22.89%. Shares of the company reached a 52-week high of $17.39 on 01/02/24 and a 52-week low of $10.99 on 03/04/24. A 50-day SMA is recorded $12.41, while a 200-day SMA reached $15.20. Nevertheless, trading volume fell to 4.55 million shares from 2.58 million shares the previous day.

Support And Resistance Levels for NCR Voyix Corp (VYX)

According to the 24-hour chart, there is a support level at 12.88, which, if violated, would cause prices to drop to 12.72. In the upper region, resistance lies at 13.25. The next price resistance is at 13.46. RSI (Relative Strength Index) is 61.98 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.50, which suggests the price will decrease in the coming days. Percent R is at 25.55%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.

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