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Goldman Downgrades Voya Financial Inc (VOYA) to a Neutral from a Buy

In a filing, Voya Financial Inc revealed its Director Butler Yvette S. unloaded Company’s shares for reported $0.16 million on May 24 ’24. In the deal valued at $73.78 per share,2,165 shares were sold. As a result of this transaction, Butler Yvette S. now holds 0 shares worth roughly $0.0.

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Then, MARTIN RODNEY O JR sold 99,162 shares, generating $6,795,572 in total proceeds. Upon selling the shares at $68.53, the Director now owns 81,965 shares.

Before that, Ogle Trevor sold 6,317 shares. Voya Financial Inc shares valued at $438,068 were divested by the insider at a price of $69.35 per share. As a result of the transaction, Ogle Trevor now holds 3,840 shares, worth roughly $0.27 million.

Goldman downgraded its Voya Financial Inc [VOYA] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in early January from “a Neutral” to “an Overweight”. Piper Sandler also remained covering VOYA and has increased its forecast on September 30, 2022 with a “an Overweight” recommendation from previously “Neutral” rating. Raymond James started covering the stock on September 22, 2022. It rated VOYA as “a Strong buy”.

Price Performance Review of VOYA

On Friday, Voya Financial Inc [NYSE:VOYA] saw its stock fall -0.24% to $71.15. Over the last five days, the stock has lost -2.33%. Voya Financial Inc shares have fallen nearly -2.48% since the year began. Nevertheless, the stocks have risen 1.27% over the past one year. While a 52-week high of $77.00 was reached on 06/04/24, a 52-week low of $63.02 was recorded on 02/07/24. SMA at 50 days reached $72.47, while 200 days put it at $70.56. A total of 1.13 million shares were traded, compared to the trading of 0.57 million shares in the previous session.

Levels Of Support And Resistance For VOYA Stock

The 24-hour chart illustrates a support level at 70.72, which if violated will result in even more drops to 70.28. On the upside, there is a resistance level at 71.69. A further resistance level may holdings at 72.22. The Relative Strength Index (RSI) on the 14-day chart is 41.03, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.86, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.31%. Stochastics%K at 28.29% indicates the stock is a holding.

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