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Verisk Analytics Inc [NASDAQ: VRSK] Sees Decrease in Stock Value

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Verisk Analytics Inc shares valued at $54,174 were sold by Mann Elizabeth on Sep 16 ’24. At $270.87 per share, Mann Elizabeth sold 200 shares. The insider’s holdings dropped to 16,008 shares worth approximately $4.29 million following the completion of this transaction.

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Also, Mann Elizabeth purchased 200 shares, netting a total of over 54,174 in proceeds.

Before that, Grover David J. had sold 6,417 shares from its account. In a trade valued at $1,742,601, the Chief Accounting Officer traded Verisk Analytics Inc shares for $271.56 each. Upon closing the transaction, the insider’s holdings decreased to 6,417 shares, worth approximately $3.25 million.

Analysts at Wells Fargo started covering the stock with ‘”an Overweight”‘ outlook in a report released in mid August. As of January 08, 2024, BofA Securities has decreased its “Buy” rating to a “Neutral” for VRSK. Earlier on December 08, 2023, Deutsche Bank downgraded its rating. Their new recommendation was “a Hold” for VRSK stock which previously was a “a Buy”.

Analyzing VRSK Stock Performance

During the last five days, there has been a surge of approximately 1.06%. Over the course of the year, Verisk Analytics Inc shares have jumped approximately 12.18%. Shares of the company reached a 52-week high of $287.13 on 07/30/24 and a 52-week low of $217.34 on 04/30/24. A 50-day SMA is recorded $268.86, while a 200-day SMA reached $251.47. Nevertheless, trading volume fell to 0.56 million shares from 0.9 million shares the previous day.

Support And Resistance Levels for Verisk Analytics Inc (VRSK)

According to the 24-hour chart, there is a support level at 265.83, which, if violated, would cause prices to drop to 263.70. In the upper region, resistance lies at 269.14. The next price resistance is at 270.31. RSI (Relative Strength Index) is 50.06 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.77, which suggests the price will increase in the coming days. Percent R is at 42.34%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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