Verisk Analytics Inc’s recent filing unveils that its Chief Executive Officer Shavel Lee unloaded Company’s shares for reported $0.25 million on May 16 ’24. In the deal valued at $248.19 per share,1,000 shares were sold. As a result of this transaction, Shavel Lee now holds 57,163 shares worth roughly $14.76 million.
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Then, Shavel Lee sold 1,000 shares, generating $248,290 in total proceeds. Upon selling the shares at $248.29, the Chief Executive Officer now owns 58,163 shares.
Before that, Mann Elizabeth sold 200 shares. Verisk Analytics Inc shares valued at $49,658 were divested by the Chief Financial Officer at a price of $248.29 per share. As a result of the transaction, Mann Elizabeth now holds 16,808 shares, worth roughly $4.34 million.
BofA Securities downgraded its Verisk Analytics Inc [VRSK] rating to a Neutral from a a Buy in a research note published on January 08, 2024; the price target was decreased to $260 from $270. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who decreased its forecast for the stock in early December from “a Buy” to “a Hold”. Wells Fargo began covering VRSK with “an Equal weight” recommendation on October 30, 2023. Jefferies revised its rating on October 16, 2023. It rated VRSK as “a Hold” which previously was an “a Buy”.
Price Performance Review of VRSK
On Tuesday, Verisk Analytics Inc [NASDAQ:VRSK] saw its stock jump 1.77% to $258.25. Over the last five days, the stock has gained 3.77%. Verisk Analytics Inc shares have risen nearly 8.12% since the year began. Nevertheless, the stocks have risen 16.66% over the past one year. While a 52-week high of $254.52 was reached on 06/04/24, a 52-week low of $215.32 was recorded on 04/30/24. SMA at 50 days reached $236.35, while 200 days put it at $238.41. A total of 0.65 million shares were traded, compared to the trading of 0.64 million shares in the previous session.
Levels Of Support And Resistance For VRSK Stock
The 24-hour chart illustrates a support level at 255.65, which if violated will result in even more drops to 253.05. On the upside, there is a resistance level at 259.66. A further resistance level may holdings at 261.07. The Relative Strength Index (RSI) on the 14-day chart is 69.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.55, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 1.63%. Stochastics %K at 91.79% indicates the stock is a selling.
The most recent change occurred on September 14, 2023 when Argus began covering the stock and recommended ‘”a Buy”‘ rating along with a $288 price target.
