Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Vital Energy Inc. shares valued at $94,625 were purchased by PIGOTT M. JASON on Aug 12 ’24. At $37.85 per share, PIGOTT M. JASON acquired 2,500 shares. The insider’s holdings grew to 169,389 shares worth approximately $6.3 million following the completion of this transaction.
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Also, Lancaster Lori A purchased 1,000 shares, netting a total of over 45,030 in proceeds. Following the buying of shares at $45.03 each, the insider now holds 1,747 shares.
Before that, Denny Mark David had sold 5,496 shares from its account. In a trade valued at $300,906, the SVP, Gen. Counsel & Secretary traded Vital Energy Inc. shares for $54.75 each. Upon closing the transaction, the insider’s holdings decreased to 5,496 shares, worth approximately $0.69 million.
As published in their initiating research note from Wolfe Research on July 18, 2024, Vital Energy Inc. [VTLE] has been an Underperform and the price target has been revised to $50. Analysts at BofA Securities resumed the stock at ‘”an Underperform”‘ outlook in a report released in mid June. Earlier on December 08, 2023, BofA Securities initiated its rating. Their recommendation was “an Underperform” for VTLE stock.
Analyzing VTLE Stock Performance
During the last five days, there has been a drop of approximately -1.74%. Over the course of the year, Vital Energy Inc. shares have dropped approximately -18.29%. Shares of the company reached a 52-week high of $58.30 on 04/12/24 and a 52-week low of $36.53 on 08/08/24. A 50-day SMA is recorded $42.81, while a 200-day SMA reached $46.68. Nevertheless, trading volume fell to 0.98 million shares from 1.23 million shares the previous day.
Support And Resistance Levels for Vital Energy Inc. (VTLE)
According to the 24-hour chart, there is a support level at 36.80, which, if violated, would cause prices to drop to 36.42. In the upper region, resistance lies at 37.67. The next price resistance is at 38.16. RSI (Relative Strength Index) is 30.19 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.92, which suggests the price will decrease in the coming days. Percent R is at 92.39%, indicating bearish price movement. Stochastics%K at buying indicates that the stock is to be held.
