Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Veeco Instruments Inc shares valued at $91,208 were sold by KIERNAN JOHN P on Aug 12 ’24. At $36.48 per share, KIERNAN JOHN P sold 2,500 shares. The insider’s holdings dropped to 87,642 shares worth approximately $3.16 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, KIERNAN JOHN P sold 2,500 shares, netting a total of over 121,138 in proceeds. Following the sale of shares at $48.46 each, the insider now holds 94,809 shares.
Before that, KIERNAN JOHN P had sold 2,500 shares from its account. In a trade valued at $108,474, the SVP & CHIEF FINANCIAL OFFICER traded Veeco Instruments Inc shares for $43.39 each. Upon closing the transaction, the insider’s holdings decreased to 2,500 shares, worth approximately $78163.69.
As published in a research note from Citigroup on July 15, 2024, Veeco Instruments Inc [VECO] has been rated down from a Buy to a Neutral and the price target has been revised to $50 from $45. Analysts at Citigroup started covering the stock with ‘”a Buy”‘ outlook in a report released in mid September. As of September 01, 2023, Needham has initiated its “Buy” rating for VECO. Earlier on January 23, 2023, Barclays downgraded its rating. Their new recommendation was “an Equal weight” for VECO stock which previously was a “an Overweight”.
Analyzing VECO Stock Performance
During the last five days, there has been a surge of approximately 9.57%. Over the course of the year, Veeco Instruments Inc shares have jumped approximately 16.24%. Shares of the company reached a 52-week high of $49.25 on 07/11/24 and a 52-week low of $27.51 on 01/10/24. A 50-day SMA is recorded $42.88, while a 200-day SMA reached $35.50. Nevertheless, trading volume fell to 0.65 million shares from 0.8 million shares the previous day.
Support And Resistance Levels for Veeco Instruments Inc (VECO)
According to the 24-hour chart, there is a support level at 35.51, which, if violated, would cause prices to drop to 34.94. In the upper region, resistance lies at 37.03. The next price resistance is at 37.98. RSI (Relative Strength Index) is 39.28 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.50, which suggests the price will decrease in the coming days. Percent R is at 59.00%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
