Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Vertiv Holdings Co shares valued at $1,041,524 were sold by O’ Doherty Philip on May 28 ’24. At $109.30 per share, O’ Doherty Philip sold 9,529 shares. The insider’s holdings dropped to 6,882,859 shares worth approximately $605.69 million following the completion of this transaction.
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Also, O’ Doherty Philip sold 1,342,124 shares, netting a total of over 140,371,099 in proceeds. Following the sale of shares at $104.59 each, the insider now holds 6,892,388 shares.
Before that, O’ Doherty Philip had sold 1,089,669 shares from its account. In a trade valued at $112,601,326, the Managing Director, E+I traded Vertiv Holdings Co shares for $103.34 each. Upon closing the transaction, the insider’s holdings decreased to 1,089,669 shares, worth approximately $724.64 million.
As published in their initiating research note from Oppenheimer on April 05, 2024, Vertiv Holdings Co [VRT] has been an Outperform and the price target has been revised to $96. Analysts at BofA Securities upgraded the stock from ‘”an Underperform”‘ to ‘”a Buy”‘ outlook in a report released in early August. As of June 09, 2023, Vertical Research has increased its “Hold” rating to a “Buy” for VRT. Earlier on October 27, 2022, Cowen upgraded its rating. Their new recommendation was “an Outperform” for VRT stock which previously was a “a Market perform”.
Analyzing VRT Stock Performance
During the last five days, there has been a drop of approximately -13.96%. Over the course of the year, Vertiv Holdings Co shares have jumped approximately 83.22%. Shares of the company reached a 52-week high of $109.27 on 05/24/24 and a 52-week low of $44.31 on 01/03/24. A 50-day SMA is recorded $90.91, while a 200-day SMA reached $59.76. Nevertheless, trading volume fell to 20.16 million shares from 13.99 million shares the previous day.
Support And Resistance Levels for Vertiv Holdings Co (VRT)
According to the 24-hour chart, there is a support level at 84.34, which, if violated, would cause prices to drop to 80.69. In the upper region, resistance lies at 94.47. The next price resistance is at 100.95. RSI (Relative Strength Index) is 40.84 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -6.52, which suggests the price will decrease in the coming days. Percent R is at 96.20%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
