Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Verra Mobility Corp shares valued at $255,093 were sold by Baldwin Jonathan on Jun 13 ’24. At $26.14 per share, Baldwin Jonathan sold 9,758 shares. The insider’s holdings dropped to 7,673 shares worth approximately $0.21 million following the completion of this transaction.
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Also, REXFORD JOHN H sold 9,005 shares, netting a total of over 237,438 in proceeds. Following the sale of shares at $26.37 each, the insider now holds 41,275 shares.
Before that, REXFORD JOHN H had sold 540 shares from its account. In a trade valued at $14,153, the Director traded Verra Mobility Corp shares for $26.21 each. Upon closing the transaction, the insider’s holdings decreased to 540 shares, worth approximately $1.35 million.
As published in their initiating research note from UBS on October 20, 2023, Verra Mobility Corp [VRRM] has been a Buy and the price target has been revised to $25. Analysts at Deutsche Bank upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in late July. As of July 13, 2022, Robert W. Baird has decreased its “an Outperform” rating to a “Neutral” for VRRM. Earlier on March 30, 2022, Deutsche Bank initiated its rating. Their recommendation was “a Hold” for VRRM stock.
Analyzing VRRM Stock Performance
During the last five days, there has been a surge of approximately 1.17%. Over the course of the year, Verra Mobility Corp shares have jumped approximately 16.37%. Shares of the company reached a 52-week high of $28.45 on 05/21/24 and a 52-week low of $20.26 on 03/01/24. A 50-day SMA is recorded $25.78, while a 200-day SMA reached $22.46. Nevertheless, trading volume fell to 0.71 million shares from 1.08 million shares the previous day.
Support And Resistance Levels for Verra Mobility Corp (VRRM)
According to the 24-hour chart, there is a support level at 26.56, which, if violated, would cause prices to drop to 26.32. In the upper region, resistance lies at 26.92. The next price resistance is at 27.04. RSI (Relative Strength Index) is 56.46 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.41, which suggests the price will decrease in the coming days. Percent R is at 10.27%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
