As this happened, Jefferies downgraded its Vimeo Inc [VMEO] rating to a Hold from a a Buy in a research note published on January 05, 2024; the price target was decreased to $4 from $7. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who decreased its forecast for the stock in early May from “an Overweight” to “a Neutral”. JP Morgan also remained covering VMEO and reiterated its “Neutral” recommendation on December 15, 2021. Cowen revised its rating on November 05, 2021. It rated VMEO as “a Market perform” which previously was an “an Outperform”.
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Price Performance Review of VMEO
On Friday, Vimeo Inc [NASDAQ:VMEO] saw its stock jump 1.04% to $3.88. Over the last five days, the stock has gained 1.04%. Vimeo Inc shares have fallen nearly -1.02% since the year began. Nevertheless, the stocks have risen 5.72% over the past one year. While a 52-week high of $5.77 was reached on 03/21/24, a 52-week low of $3.02 was recorded on 04/25/24. SMA at 50 days reached $3.86, while 200 days put it at $3.87. A total of 1.33 million shares were traded, compared to the trading of 1.34 million shares in the previous session.
Levels Of Support And Resistance For VMEO Stock
The 24-hour chart illustrates a support level at 3.82, which if violated will result in even more drops to 3.75. On the upside, there is a resistance level at 3.93. A further resistance level may holdings at 3.98. The Relative Strength Index (RSI) on the 14-day chart is 49.75, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 68.57%. Stochastics %K at 30.11% indicates the stock is a holding.
The most recent change occurred on September 22, 2021 when Wells Fargo began covering the stock and recommended ‘”an Overweight”‘ rating along with a $47 price target.
