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Vertiv Holdings Co [VRT] Stock sold by Insider O’ Doherty Philip for $1.04 million

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Vertiv Holdings Co’s recent filing unveils that its Managing Director, E+I O’ Doherty Philip unloaded Company’s shares for reported $1.04 million on May 28 ’24. In the deal valued at $109.30 per share,9,529 shares were sold. As a result of this transaction, O’ Doherty Philip now holds 6,882,859 shares worth roughly $628.41 million.

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Then, O’ Doherty Philip sold 1,342,124 shares, generating $140,371,099 in total proceeds. Upon selling the shares at $104.59, the Managing Director, E+I now owns 6,892,388 shares.

Before that, O’ Doherty Philip sold 1,089,669 shares. Vertiv Holdings Co shares valued at $112,601,326 were divested by the Managing Director, E+I at a price of $103.34 per share. As a result of the transaction, O’ Doherty Philip now holds 8,234,512 shares, worth roughly $751.81 million.

Oppenheimer initiated its Vertiv Holdings Co [VRT] rating to an Outperform in a research note published on April 05, 2024; the price target was $96. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in early August from “an Underperform” to “a Buy”. Vertical Research also remained covering VRT and has increased its forecast on June 09, 2023 with a “Buy” recommendation from previously “Hold” rating. Cowen revised its rating on October 27, 2022. It rated VRT as “an Outperform” which previously was an “a Market perform”.

Price Performance Review of VRT

On Monday, Vertiv Holdings Co [NYSE:VRT] saw its stock jump 4.13% to $91.30. Over the last five days, the stock has lost -5.00%. Vertiv Holdings Co shares have risen nearly 90.09% since the year began. Nevertheless, the stocks have risen 343.63% over the past one year. While a 52-week high of $109.27 was reached on 05/24/24, a 52-week low of $20.06 was recorded on 01/03/24. SMA at 50 days reached $91.24, while 200 days put it at $60.30. A total of 7.82 million shares were traded, compared to the trading of 20.22 million shares in the previous session.

Levels Of Support And Resistance For VRT Stock

The 24-hour chart illustrates a support level at 88.37, which if violated will result in even more drops to 85.43. On the upside, there is a resistance level at 93.37. A further resistance level may holdings at 95.43. The Relative Strength Index (RSI) on the 14-day chart is 45.60, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -8.70, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.47%. Stochastics %K at 13.28% indicates the stock is a buying.

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