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. Ventas Inc shares valued at $97,905 were purchased by Bulgarelli Peter J. on Sep 11 ’24. At $65.27 per share, Bulgarelli Peter J. acquired 1,500 shares.
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Also, Bulgarelli Peter J. sold 6,000 shares, netting a total of over 389,942 in proceeds. Following the sale of shares at $64.99 each, the insider now holds 90,795 shares.
Before that, Bulgarelli Peter J. had sold 1,500 shares from its account. In a trade valued at $97,905, the EVP OM&R-Ventas/Pres&CEO-LHS traded Ventas Inc shares for $65.27 each. Upon closing the transaction, the insider’s holdings decreased to 1,500 shares, worth approximately $5.5 million.
As published in a research note from Wells Fargo on October 01, 2024, Ventas Inc [VTR] has been rated up from an Equal weight to an Overweight and the price target has been revised to $71 from $61. Analysts at Evercore ISI upgraded the stock from ‘”an In-line”‘ to ‘”an Outperform”‘ outlook in a report released in mid March. As of February 26, 2024, Wells Fargo has decreased its “an Overweight” rating to a “an Equal weight” for VTR. Earlier on January 30, 2024, Deutsche Bank initiated its rating. Their recommendation was “a Buy” for VTR stock.
Analyzing VTR Stock Performance
During the last five days, there has been a drop of approximately -1.60%. Over the course of the year, Ventas Inc shares have jumped approximately 23.54%. Shares of the company reached a 52-week high of $65.64 on 09/13/24 and a 52-week low of $41.45 on 04/16/24. A 50-day SMA is recorded $61.45, while a 200-day SMA reached $50.81. Nevertheless, trading volume fell to 2.08 million shares from 1.56 million shares the previous day.
Support And Resistance Levels for Ventas Inc (VTR)
According to the 24-hour chart, there is a support level at 61.04, which, if violated, would cause prices to drop to 60.52. In the upper region, resistance lies at 62.41. The next price resistance is at 63.26. RSI (Relative Strength Index) is 42.19 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.09, which suggests the price will decrease in the coming days. Percent R is at 94.12%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
