Verra Mobility Corp’s recent filing unveils that its EVP-Government Solutions Baldwin Jonathan unloaded Company’s shares for reported $0.26 million on Jun 13 ’24. In the deal valued at $26.14 per share,9,758 shares were sold. As a result of this transaction, Baldwin Jonathan now holds 7,673 shares worth roughly $0.21 million.
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Then, REXFORD JOHN H sold 9,005 shares, generating $237,438 in total proceeds. Upon selling the shares at $26.37, the Director now owns 41,275 shares.
Before that, REXFORD JOHN H sold 540 shares. Verra Mobility Corp shares valued at $14,153 were divested by the Director at a price of $26.21 per share. As a result of the transaction, REXFORD JOHN H now holds 50,280 shares, worth roughly $1.37 million.
UBS initiated its Verra Mobility Corp [VRRM] rating to a Buy in a research note published on October 20, 2023; the price target was $25. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who increased its forecast for the stock in late July from “a Hold” to “a Buy”. Robert W. Baird also remained covering VRRM and has decreased its forecast on July 13, 2022 with a “Neutral” recommendation from previously “an Outperform” rating. Deutsche Bank started covering the stock on March 30, 2022. It rated VRRM as “a Hold”.
Price Performance Review of VRRM
On Tuesday, Verra Mobility Corp [NASDAQ:VRRM] saw its stock jump 1.45% to $27.22. Over the last five days, the stock has lost -0.58%. Verra Mobility Corp shares have risen nearly 18.19% since the year began. Nevertheless, the stocks have risen 38.03% over the past one year. While a 52-week high of $28.45 was reached on 05/21/24, a 52-week low of $17.04 was recorded on 03/01/24. SMA at 50 days reached $26.29, while 200 days put it at $22.83. A total of 0.75 million shares were traded, compared to the trading of 6.99 million shares in the previous session.
Levels Of Support And Resistance For VRRM Stock
The 24-hour chart illustrates a support level at 26.86, which if violated will result in even more drops to 26.51. On the upside, there is a resistance level at 27.40. A further resistance level may holdings at 27.59. The Relative Strength Index (RSI) on the 14-day chart is 57.17, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.25, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 24.39%. Stochastics%K at 70.64% indicates the stock is a holding.
