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. Verisk Analytics Inc shares valued at $248,190 were sold by Shavel Lee on May 16 ’24. At $248.19 per share, Shavel Lee sold 1,000 shares. The insider’s holdings dropped to 57,163 shares worth approximately $14.5 million following the completion of this transaction.
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Also, Shavel Lee sold 1,000 shares, netting a total of over 248,290 in proceeds. Following the sale of shares at $248.29 each, the insider now holds 58,163 shares.
Before that, Mann Elizabeth had sold 200 shares from its account. In a trade valued at $49,658, the Chief Financial Officer traded Verisk Analytics Inc shares for $248.29 each. Upon closing the transaction, the insider’s holdings decreased to 200 shares, worth approximately $4.26 million.
As published in a research note from BofA Securities on January 08, 2024, Verisk Analytics Inc [VRSK] has been rated down from a Buy to a Neutral and the price target has been revised to $260 from $270. Analysts at Deutsche Bank downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early December. As of October 30, 2023, Wells Fargo has initiated its “an Equal weight” rating for VRSK. Earlier on October 16, 2023, Jefferies downgraded its rating. Their new recommendation was “a Hold” for VRSK stock which previously was a “a Buy”.
Analyzing VRSK Stock Performance
During the last five days, there has been a surge of approximately 2.34%. Over the course of the year, Verisk Analytics Inc shares have jumped approximately 6.19%. Shares of the company reached a 52-week high of $254.08 on 05/22/24 and a 52-week low of $217.34 on 04/30/24. A 50-day SMA is recorded $233.81, while a 200-day SMA reached $237.72. Nevertheless, trading volume fell to 0.71 million shares from 0.61 million shares the previous day.
Support And Resistance Levels for Verisk Analytics Inc (VRSK)
According to the 24-hour chart, there is a support level at 251.41, which, if violated, would cause prices to drop to 249.17. In the upper region, resistance lies at 254.98. The next price resistance is at 256.31. RSI (Relative Strength Index) is 73.74 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.96, which suggests the price will increase in the coming days. Percent R is at 2.17%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
