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Stifel initates NCR Voyix Corp (VYX) rating to a Buy

NCR Voyix Corp’s recently made public that its EVP & President, Restaurants Tadele Beimnet acquired Company’s shares for reported $50014.0 on Aug 29 ’24. In the deal valued at $13.71 per share,3,648 shares were bought. As a result of this transaction, Tadele Beimnet now holds 3,648 shares worth roughly $50087.04.

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Then, KELLY JAMES G bought 14,800 shares, generating $198,468 in total proceeds. Upon buying the shares at $13.41, the Executive Chair of Board now owns 46,900 shares.

Before that, Schoch Eric bought 21,692 shares. NCR Voyix Corp shares valued at $264,425 were divested by the EVP & President, Retail at a price of $12.19 per share. As a result of the transaction, Schoch Eric now holds 101,671 shares, worth roughly $1.4 million.

Stifel initiated its NCR Voyix Corp [VYX] rating to a Buy in a research note published on June 12, 2024; the price target was $16. A number of analysts have revised their coverage, including Goldman’s analysts, who began to cover the stock in mid March with a ‘”a Neutral”‘ rating. Northcoast also remained covering VYX and has increased its forecast on March 12, 2024 with a “Buy” recommendation from previously “Neutral” rating. Needham started covering the stock on December 04, 2023. It rated VYX as “a Buy”.

Price Performance Review of VYX

On Friday, NCR Voyix Corp [NYSE:VYX] saw its stock fall -0.72% to $13.73. Over the last five days, the stock has gained 4.41%. NCR Voyix Corp shares have fallen nearly -18.81% since the year began. Nevertheless, the stocks have fallen -18.51% over the past one year. While a 52-week high of $18.04 was reached on 01/02/24, a 52-week low of $10.87 was recorded on 08/09/24. SMA at 50 days reached $13.34, while 200 days put it at $13.68.

Levels Of Support And Resistance For VYX Stock

The 24-hour chart illustrates a support level at 13.65, which if violated will result in even more drops to 13.57. On the upside, there is a resistance level at 13.87. A further resistance level may holdings at 14.02. The Relative Strength Index (RSI) on the 14-day chart is 58.79, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.82, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 18.15%. Stochastics %K at 85.62% indicates the stock is a selling.

How much short interest is there in NCR Voyix Corp?

A steep rise in short interest was recorded in NCR Voyix Corp stocks on 2024-08-30, dropping by -0.47 million shares to a total of 14.53 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 14.99 million shares. There was a decline of -3.21%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on October 17, 2023 when DA Davidson began covering the stock and recommended ‘”a Buy”‘ rating along with a $24 price target.

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