Veris Residential Inc’s recently made public that its Director KATZ A. AKIVA unloaded Company’s shares for reported $0.2 million on Aug 31 ’23. In the deal valued at $18.75 per share,10,607 shares were sold. As a result of this transaction, KATZ A. AKIVA now holds 5,195,930 shares worth roughly $77.73 million.
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Then, KATZ A. AKIVA sold 100,000 shares, generating $1,883,000 in total proceeds. Upon selling the shares at $18.83, the Director now owns 5,206,537 shares.
A number of analysts have revised their coverage, including Evercore ISI’s analysts, who increased its forecast for the stock in late July from “an In-line” to “an Outperform”. Deutsche Bank also remained covering VRE and has increased its forecast on May 16, 2023 with a “Buy” recommendation from previously “Hold” rating. BofA Securities revised its rating on November 14, 2022. It rated VRE as “a Neutral” which previously was an “an Underperform”.
Price Performance Review of VRE
On Friday, Veris Residential Inc [NYSE:VRE] saw its stock fall -0.40% to $14.96. Over the last five days, the stock has lost -4.83%. Veris Residential Inc shares have fallen nearly -4.90% since the year began. Nevertheless, the stocks have fallen -7.60% over the past one year. While a 52-week high of $18.98 was reached on 01/23/24, a 52-week low of $13.06 was recorded on 04/16/24. SMA at 50 days reached $14.91, while 200 days put it at $15.50. A total of 0.3 million shares were traded, compared to the trading of 0.38 million shares in the previous session.
Levels Of Support And Resistance For VRE Stock
The 24-hour chart illustrates a support level at 14.90, which if violated will result in even more drops to 14.84. On the upside, there is a resistance level at 15.07. A further resistance level may holdings at 15.18. The Relative Strength Index (RSI) on the 14-day chart is 44.82, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.31, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.78%. Stochastics %K at 26.89% indicates the stock is a holding.
