Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Vail Resorts Inc. shares valued at $289,027 were sold by SORTE JOHN F on Oct 02 ’24. At $173.07 per share, SORTE JOHN F sold 1,670 shares. The insider’s holdings dropped to 45,111 shares worth approximately $7.94 million following the completion of this transaction.
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Also, ROBERT A KATZ purchased 9,296 shares, netting a total of over 1,635,909 in proceeds.
Before that, SORTE JOHN F had added 1,670 shares to its account. In a trade valued at $291,582, the Director bought Vail Resorts Inc. shares for $174.60 each.
As published in a research note from JP Morgan on June 07, 2024, Vail Resorts Inc. [MTN] has been rated down from a Neutral to an Underweight and the price target has been revised to $176 from $217. Analysts at Mizuho started covering the stock with ‘”a Buy”‘ outlook in a report released in late March. As of March 08, 2024, BofA Securities has decreased its “Buy” rating to a “Neutral” for MTN. Earlier on September 27, 2023, Morgan Stanley initiated its rating. Their recommendation was “an Equal-weight” for MTN stock.
Analyzing MTN Stock Performance
During the last five days, there has been a drop of approximately -3.75%. Over the course of the year, Vail Resorts Inc. shares have dropped approximately -17.60%. Shares of the company reached a 52-week high of $236.92 on 02/22/24 and a 52-week low of $165.14 on 06/07/24. A 50-day SMA is recorded $179.11, while a 200-day SMA reached $200.56. Nevertheless, trading volume fell to 0.65 million shares from 1.0 million shares the previous day.
Support And Resistance Levels for Vail Resorts Inc. (MTN)
According to the 24-hour chart, there is a support level at 173.24, which, if violated, would cause prices to drop to 170.57. In the upper region, resistance lies at 177.82. The next price resistance is at 179.73. RSI (Relative Strength Index) is 43.62 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -7.56, which suggests the price will decrease in the coming days. Percent R is at 81.50%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
