Vestis Corp’s filing revealed that its Director Pertz Douglas A acquired Company’s shares for reported $0.26 million on May 28 ’24. In the deal valued at $11.62 per share,22,442 shares were bought. As a result of this transaction, Pertz Douglas A now holds 218,046 shares worth roughly $2.75 million.
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Then, Corvex Management LP bought 100,000 shares, generating $1,202,000 in total proceeds. Upon buying the shares at $12.02, the 10% Owner now owns 17,007,877 shares.
Before that, Pertz Douglas A bought 54,468 shares. Vestis Corp shares valued at $653,055 were divested by the Director at a price of $11.99 per share. As a result of the transaction, Pertz Douglas A now holds 195,604 shares, worth roughly $2.46 million.
Robert W. Baird downgraded its Vestis Corp [VSTS] rating to a Neutral from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including William Blair’s analysts, who began to cover the stock in late May with a ‘”a Mkt perform”‘ rating. Redburn Atlantic also remained covering VSTS and has decreased its forecast on May 07, 2024 with a “Neutral” recommendation from previously “Buy” rating. Stifel revised its rating on May 03, 2024. It rated VSTS as “a Hold” which previously was an “a Buy”.
Price Performance Review of VSTS
On Monday, Vestis Corp [NYSE:VSTS] saw its stock fall -3.15% to $12.59. Over the last five days, the stock has gained 3.96%. Vestis Corp shares have fallen nearly -40.44% since the year began. SMA at 50 days reached $12.25, while 200 days put it at $16.54.
Levels Of Support And Resistance For VSTS Stock
The 24-hour chart illustrates a support level at 12.30, which if violated will result in even more drops to 12.00. On the upside, there is a resistance level at 13.09. A further resistance level may holdings at 13.58. The Relative Strength Index (RSI) on the 14-day chart is 51.03, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 43.48%. Stochastics%K at 71.35% indicates the stock is a holding.
How much short interest is there in Vestis Corp?
A steep rise in short interest was recorded in Vestis Corp stocks on
