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Wells Fargo gives an Overweight recommendation for Ventas Inc (VTR)

Ventas Inc’s recent filing unveils that its Executive Vice President Bulgarelli Peter J. acquired Company’s shares for reported $97905.0 on Sep 11 ’24. In the deal valued at $65.27 per share,1,500 shares were bought.

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Then, Bulgarelli Peter J. sold 6,000 shares, generating $389,942 in total proceeds. Upon selling the shares at $64.99, the EVP OM&R-Ventas/Pres&CEO-LHS now owns 90,795 shares.

Before that, Bulgarelli Peter J. sold 1,500 shares. Ventas Inc shares valued at $97,905 were divested by the EVP OM&R-Ventas/Pres&CEO-LHS at a price of $65.27 per share. As a result of the transaction, Bulgarelli Peter J. now holds 89,295 shares, worth roughly $5.59 million.

Wells Fargo upgraded its Ventas Inc [VTR] rating to an Overweight from a an Equal weight in a research note published on October 01, 2024; the price target was increased to $71 from $61. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who increased its forecast for the stock in mid March from “an In-line” to “an Outperform”. Wells Fargo also remained covering VTR and has decreased its forecast on February 26, 2024 with a “an Equal weight” recommendation from previously “an Overweight” rating. Deutsche Bank started covering the stock on January 30, 2024. It rated VTR as “a Buy”.

Price Performance Review of VTR

On Monday, Ventas Inc [NYSE:VTR] saw its stock jump 0.14% to $62.62. Over the last five days, the stock has lost -2.35%. Ventas Inc shares have risen nearly 25.64% since the year began. Nevertheless, the stocks have risen 53.63% over the past one year. While a 52-week high of $65.64 was reached on 09/13/24, a 52-week low of $39.33 was recorded on 04/16/24. SMA at 50 days reached $60.99, while 200 days put it at $50.61.

Levels Of Support And Resistance For VTR Stock

The 24-hour chart illustrates a support level at 61.99, which if violated will result in even more drops to 61.36. On the upside, there is a resistance level at 63.19. A further resistance level may holdings at 63.76. The Relative Strength Index (RSI) on the 14-day chart is 49.27, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.88, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.01%. Stochastics %K at 22.90% indicates the stock is a holding.

How much short interest is there in Ventas Inc?

A steep rise in short interest was recorded in Ventas Inc stocks on 2024-09-13, growing by 1.84 million shares to a total of 9.8 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 7.96 million shares. There was a rise of 18.77%, which implies that there is a positive sentiment for the stock.

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