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A Guide To The Risks Of Investing In Varex Imaging Corp (VREX)

In a filing, Varex Imaging Corp revealed its SVP and CLO Honeysett Kimberley E. unloaded Company’s shares for reported $49678.0 on Mar 15 ’24. In the deal valued at $17.37 per share,2,860 shares were sold. As a result of this transaction, Honeysett Kimberley E. now holds 2,853 shares worth roughly $41596.74.

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Then, Honeysett Kimberley E. sold 6,174 shares, generating $121,751 in total proceeds. Upon selling the shares at $19.72, the SVP and General Counsel now owns 0 shares.

Jefferies initiated its Varex Imaging Corp [VREX] rating to a Hold in a research note published on October 12, 2022; the price target was $24. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who increased its forecast for the stock in early February from “a Perform” to “an Outperform”. Oppenheimer also remained covering VREX and has decreased its forecast on August 13, 2020 with a “Perform” recommendation from previously “an Outperform” rating. JP Morgan revised its rating on May 13, 2020. It rated VREX as “a Neutral” which previously was an “an Overweight”.

Price Performance Review of VREX

On Tuesday, Varex Imaging Corp [NASDAQ:VREX] saw its stock jump 2.03% to $14.58. Over the last five days, the stock has gained 1.04%. Varex Imaging Corp shares have fallen nearly -28.88% since the year began. Nevertheless, the stocks have fallen -38.14% over the past one year. While a 52-week high of $23.87 was reached on 01/12/24, a 52-week low of $14.09 was recorded on 07/01/24. SMA at 50 days reached $15.47, while 200 days put it at $17.83. A total of 0.43 million shares were traded, compared to the trading of 0.81 million shares in the previous session.

Levels Of Support And Resistance For VREX Stock

The 24-hour chart illustrates a support level at 14.39, which if violated will result in even more drops to 14.21. On the upside, there is a resistance level at 14.68. A further resistance level may holdings at 14.79. The Relative Strength Index (RSI) on the 14-day chart is 42.20, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.26, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.16%. Stochastics%K at 24.93% indicates the stock is a holding.

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