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Potential Price Increase for Verisk Analytics Inc (VRSK) After Recent Insider Activity

Verisk Analytics Inc’s recently made public that its Chief Financial Officer Mann Elizabeth unloaded Company’s shares for reported $54174.0 on Sep 16 ’24. In the deal valued at $270.87 per share,200 shares were sold. As a result of this transaction, Mann Elizabeth now holds 16,008 shares worth roughly $4.25 million.

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Then, Mann Elizabeth bought 200 shares, generating $54,174 in total proceeds.

Before that, Grover David J. sold 6,417 shares. Verisk Analytics Inc shares valued at $1,742,601 were divested by the Chief Accounting Officer at a price of $271.56 per share. As a result of the transaction, Grover David J. now holds 12,140 shares, worth roughly $3.23 million.

A number of analysts have revised their coverage, including Wells Fargo’s analysts, who began to cover the stock in mid August with a ‘”an Overweight”‘ rating. BofA Securities also remained covering VRSK and has decreased its forecast on January 08, 2024 with a “Neutral” recommendation from previously “Buy” rating. Deutsche Bank revised its rating on December 08, 2023. It rated VRSK as “a Hold” which previously was an “a Buy”.

Price Performance Review of VRSK

On Friday, Verisk Analytics Inc [NASDAQ:VRSK] saw its stock fall -1.85% to $265.67. Over the last five days, the stock has gained 0.54%. Verisk Analytics Inc shares have risen nearly 11.22% since the year began. Nevertheless, the stocks have risen 10.73% over the past one year. While a 52-week high of $287.13 was reached on 07/30/24, a 52-week low of $215.32 was recorded on 04/30/24. SMA at 50 days reached $268.54, while 200 days put it at $251.79.

Levels Of Support And Resistance For VRSK Stock

The 24-hour chart illustrates a support level at 262.94, which if violated will result in even more drops to 260.20. On the upside, there is a resistance level at 269.44. A further resistance level may holdings at 273.20. The Relative Strength Index (RSI) on the 14-day chart is 44.67, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.82, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 60.20%. Stochastics %K at 60.09% indicates the stock is a holding.

How much short interest is there in Verisk Analytics Inc?

A steep rise in short interest was recorded in Verisk Analytics Inc stocks on 2024-09-13, dropping by -0.41 million shares to a total of 2.04 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 2.45 million shares. There was a decline of -20.23%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on October 30, 2023 when Wells Fargo began covering the stock and recommended ‘”an Equal weight”‘ rating along with a $230 price target.

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