Vertex Energy Inc’s recent filing unveils that its Director Khoury Odeh unloaded Company’s shares for reported $2610.0 on Apr 10 ’24. In the deal valued at $1.16 per share,2,250 shares were sold. As a result of this transaction, Khoury Odeh now holds 17,784 shares worth roughly $2311.92.
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Then, Stratton Christopher Allen sold 100,000 shares, generating $392,600 in total proceeds. Upon selling the shares at $3.93, the Director now owns 88,405 shares.
Craig Hallum downgraded its Vertex Energy Inc [VTNR] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Northland Capital’s analysts, who decreased its forecast for the stock in late January from “an Outperform” to “a Market perform”. Stifel also remained covering VTNR and has decreased its forecast on December 19, 2023 with a “Hold” recommendation from previously “Buy” rating. Oppenheimer revised its rating on July 26, 2023. It rated VTNR as “a Perform” which previously was an “an Outperform”.
Price Performance Review of VTNR
On Tuesday, Vertex Energy Inc [NASDAQ:VTNR] saw its stock jump 15.74% to $0.13. Over the last five days, the stock has lost -62.94%. Vertex Energy Inc shares have fallen nearly -96.05% since the year began. Nevertheless, the stocks have fallen -96.99% over the past one year. While a 52-week high of $5.03 was reached on 01/02/24, a 52-week low of $0.10 was recorded on 09/30/24. SMA at 50 days reached $0.4594, while 200 days put it at $1.2312.
Levels Of Support And Resistance For VTNR Stock
The 24-hour chart illustrates a support level at 0.1174, which if violated will result in even more drops to 0.1009. On the upside, there is a resistance level at 0.1436. A further resistance level may holdings at 0.1533. The Relative Strength Index (RSI) on the 14-day chart is 25.29, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.1708, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.58%. Stochastics %K at 4.84% indicates the stock is a buying.
How much short interest is there in Vertex Energy Inc?
A steep rise in short interest was recorded in Vertex Energy Inc stocks on 2024-09-13, growing by 0.76 million shares to a total of 11.3 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 10.54 million shares. There was a rise of 6.76%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on March 10, 2023 when TD Cowen began covering the stock and recommended ‘”a Market perform”‘ rating along with a $8 price target.
