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Virtu Financial Inc [NASDAQ: VIRT] Sees Increase in Stock Value

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Virtu Financial Inc shares valued at $810,410 were purchased by Cifu Douglas A on Feb 07 ’24. At $16.21 per share, Cifu Douglas A acquired 50,000 shares. The insider’s holdings grew to 584,132 shares worth approximately $13.03 million following the completion of this transaction.

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Also, Cifu Douglas A purchased 50,000 shares, netting a total of over 853,150 in proceeds. Following the buying of shares at $17.06 each, the insider now holds 442,755 shares.

Before that, Molluso Joseph had added 15,000 shares to its account. In a trade valued at $257,481, the Co-President & Co-COO bought Virtu Financial Inc shares for $17.17 each. Upon closing the transaction, the insider’s holdings increased to 15,000 shares, worth approximately $7.99 million.

As published in their initiating research note from BofA Securities on November 28, 2023, Virtu Financial Inc [VIRT] has been a Buy and the price target has been revised to $20. Analysts at Citigroup upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid September. As of April 11, 2023, Morgan Stanley has increased its “an Underweight” rating to a “an Equal-weight” for VIRT. Earlier on January 12, 2023, Citigroup downgraded its rating. Their new recommendation was “a Neutral” for VIRT stock which previously was a “a Buy”.

Analyzing VIRT Stock Performance

During the last five days, there has been a drop of approximately -3.25%. Over the course of the year, Virtu Financial Inc shares have jumped approximately 10.12%. Shares of the company reached a 52-week high of $25.68 on 06/10/24 and a 52-week low of $16.02 on 02/07/24. A 50-day SMA is recorded $22.78, while a 200-day SMA reached $19.66. Nevertheless, trading volume fell to 0.76 million shares from 1.18 million shares the previous day.

Support And Resistance Levels for Virtu Financial Inc (VIRT)

According to the 24-hour chart, there is a support level at 22.11, which, if violated, would cause prices to drop to 21.92. In the upper region, resistance lies at 22.49. The next price resistance is at 22.68. RSI (Relative Strength Index) is 43.95 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.62, which suggests the price will decrease in the coming days. Percent R is at 90.21%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

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