Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Vertiv Holdings Co shares valued at $3,593,664 were sold by Winther Karsten on Sep 03 ’24. At $79.99 per share, Winther Karsten sold 44,924 shares. The insider’s holdings dropped to 10,542 shares worth approximately $1.08 million following the completion of this transaction.
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Also, KARSTEN WINTHER purchased 44,924 shares, netting a total of over 3,593,567 in proceeds.
Before that, O’ Doherty Philip had sold 9,529 shares from its account. In a trade valued at $1,041,524, the Managing Director, E+I traded Vertiv Holdings Co shares for $109.30 each. Upon closing the transaction, the insider’s holdings decreased to 9,529 shares, worth approximately $703.98 million.
As published in a research note from Mizuho on August 07, 2024, Vertiv Holdings Co [VRT] has been rated up from a Neutral to an Outperform and the price target has been revised to $92 from $95. Analysts at Oppenheimer started covering the stock with ‘”an Outperform”‘ outlook in a report released in early April. As of August 02, 2023, BofA Securities has increased its “an Underperform” rating to a “Buy” for VRT. Earlier on June 09, 2023, Vertical Research upgraded its rating. Their new recommendation was “a Buy” for VRT stock which previously was a “a Hold”.
Analyzing VRT Stock Performance
During the last five days, there has been a surge of approximately 1.53%. Over the course of the year, Vertiv Holdings Co shares have jumped approximately 112.95%. Shares of the company reached a 52-week high of $109.27 on 05/24/24 and a 52-week low of $44.31 on 01/03/24. A 50-day SMA is recorded $81.55, while a 200-day SMA reached $77.79. Nevertheless, trading volume fell to 6.14 million shares from 4.43 million shares the previous day.
Support And Resistance Levels for Vertiv Holdings Co (VRT)
According to the 24-hour chart, there is a support level at 98.22, which, if violated, would cause prices to drop to 94.17. In the upper region, resistance lies at 104.41. The next price resistance is at 106.55. RSI (Relative Strength Index) is 71.11 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.02, which suggests the price will increase in the coming days. Percent R is at 7.07%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
