Vestis Corp’s filing revealed that its Director Pertz Douglas A acquired Company’s shares for reported $0.65 million on May 24 ’24. In the deal valued at $11.99 per share,54,468 shares were bought. As a result of this transaction, Pertz Douglas A now holds 195,604 shares worth roughly $2.89 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, Pertz Douglas A bought 22,442 shares, generating $260,706 in total proceeds. Upon buying the shares at $11.62, the Director now owns 218,046 shares.
Before that, Shih Grant bought 800 shares. Vestis Corp shares valued at $9,600 were divested by the EVP and CTO at a price of $12.00 per share. As a result of the transaction, Shih Grant now holds 6,187 shares, worth roughly $91567.6.
Robert W. Baird downgraded its Vestis Corp [VSTS] rating to a Neutral from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including William Blair’s analysts, who began to cover the stock in late May with a ‘”a Mkt perform”‘ rating. Redburn Atlantic also remained covering VSTS and has decreased its forecast on May 07, 2024 with a “Neutral” recommendation from previously “Buy” rating. Stifel revised its rating on May 03, 2024. It rated VSTS as “a Hold” which previously was an “a Buy”.
Price Performance Review of VSTS
On Friday, Vestis Corp [NYSE:VSTS] saw its stock jump 1.93% to $14.80. Over the last five days, the stock has lost -2.05%. Vestis Corp shares have fallen nearly -29.99% since the year began. Nevertheless, the stocks have fallen -8.87% over the past one year. While a 52-week high of $22.37 was reached on 02/02/24, a 52-week low of $8.92 was recorded on 05/02/24. SMA at 50 days reached $13.99, while 200 days put it at $16.01.
Levels Of Support And Resistance For VSTS Stock
The 24-hour chart illustrates a support level at 13.90, which if violated will result in even more drops to 12.99. On the upside, there is a resistance level at 15.31. A further resistance level may holdings at 15.81. The Relative Strength Index (RSI) on the 14-day chart is 51.71, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.44, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 47.47%. Stochastics %K at 23.66% indicates the stock is a holding.
How much short interest is there in Vestis Corp?
A steep rise in short interest was recorded in Vestis Corp stocks on 2024-09-13, growing by 0.39 million shares to a total of 5.56 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 5.17 million shares. There was a rise of 7.0%, which implies that there is a positive sentiment for the stock.
