Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Valmont Industries, Inc. shares valued at $1,001,364 were sold by Schapper Aaron M on May 10 ’24. At $257.29 per share, Schapper Aaron M sold 3,892 shares. The insider’s holdings dropped to 25,825 shares worth approximately $6.84 million following the completion of this transaction.
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Also, MASSEY R ANDREW sold 1,304 shares, netting a total of over 331,745 in proceeds. Following the sale of shares at $254.41 each, the insider now holds 9,408 shares.
Before that, Freye Theodor Werner had sold 1,049 shares from its account. In a trade valued at $266,441, the Director traded Valmont Industries, Inc. shares for $254.00 each. Upon closing the transaction, the insider’s holdings decreased to 1,049 shares, worth approximately $1.4 million.
As published in a research note from DA Davidson on January 10, 2024, Valmont Industries, Inc. [VMI] has been rated up from a Neutral to a Buy and the price target has been revised to $290 from $230. Analysts at Northcoast downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late October. As of July 15, 2022, Northcoast has initiated its “Buy” rating for VMI. Earlier on June 03, 2022, ROTH Capital initiated its rating. Their recommendation was “a Buy” for VMI stock.
Analyzing VMI Stock Performance
During the last five days, there has been a drop of approximately -2.61%. Over the course of the year, Valmont Industries, Inc. shares have jumped approximately 13.49%. Shares of the company reached a 52-week high of $278.53 on 06/28/24 and a 52-week low of $202.01 on 05/01/24. A 50-day SMA is recorded $253.31, while a 200-day SMA reached $230.41. Nevertheless, trading volume fell to 78416.0 shares from 0.2 million shares the previous day.
Support And Resistance Levels for Valmont Industries, Inc. (VMI)
According to the 24-hour chart, there is a support level at 263.95, which, if violated, would cause prices to drop to 262.33. In the upper region, resistance lies at 268.53. The next price resistance is at 271.49. RSI (Relative Strength Index) is 51.12 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.64, which suggests the price will decrease in the coming days. Percent R is at 97.89%, indicating bearish price movement. Stochastics%K at holding indicates that the stock is to be held.
