Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Ventas Inc shares valued at $428,610 were sold by Bulgarelli Peter J. on Aug 27 ’24. At $60.16 per share, Bulgarelli Peter J. sold 7,125 shares. The insider’s holdings dropped to 96,795 shares worth approximately $5.92 million following the completion of this transaction.
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Also, Bulgarelli Peter J. sold 375 shares, netting a total of over 22,504 in proceeds. Following the sale of shares at $60.01 each, the insider now holds 103,920 shares.
Before that, CAFARO DEBRA A had sold 38,434 shares from its account. In a trade valued at $2,311,282, the Chairman and CEO traded Ventas Inc shares for $60.14 each. Upon closing the transaction, the insider’s holdings decreased to 38,434 shares, worth approximately $60.36 million.
As published in a research note from Evercore ISI on March 18, 2024, Ventas Inc [VTR] has been rated up from an In-line to an Outperform and the price target has been revised to $50. Analysts at Wells Fargo downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal weight”‘ outlook in a report released in late February. As of January 30, 2024, Deutsche Bank has initiated its “Buy” rating for VTR. Earlier on January 16, 2024, BofA Securities upgraded its rating. Their new recommendation was “a Buy” for VTR stock which previously was a “a Neutral”.
Analyzing VTR Stock Performance
During the last five days, there has been a surge of approximately 4.05%. Over the course of the year, Ventas Inc shares have jumped approximately 22.73%. Shares of the company reached a 52-week high of $61.35 on 08/28/24 and a 52-week low of $41.45 on 04/16/24. A 50-day SMA is recorded $54.78, while a 200-day SMA reached $48.26. Nevertheless, trading volume fell to 2.45 million shares from 2.62 million shares the previous day.
Support And Resistance Levels for Ventas Inc (VTR)
According to the 24-hour chart, there is a support level at 60.42, which, if violated, would cause prices to drop to 59.67. In the upper region, resistance lies at 61.63. The next price resistance is at 62.10. RSI (Relative Strength Index) is 78.58 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.23, which suggests the price will increase in the coming days. Percent R is at 4.64%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
