Vornado Realty Trust’s filing revealed that its Director WIGHT RUSSELL B JR unloaded Company’s shares for reported $56387.0 on Jul 11 ’24. In the deal valued at $28.19 per share,2,000 shares were sold. As a result of this transaction, WIGHT RUSSELL B JR now holds 3,034 shares worth roughly $0.12 million.
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Then, Fascitelli Michael D sold 337,055 shares, generating $9,956,982 in total proceeds. Upon selling the shares at $29.54, the Director now owns 969,491 shares.
Before that, Fascitelli Michael D sold 262,945 shares. Vornado Realty Trust shares valued at $7,766,475 were divested by the Director at a price of $29.54 per share. As a result of the transaction, Fascitelli Michael D now holds 1,306,546 shares, worth roughly $53.44 million.
Evercore ISI upgraded its Vornado Realty Trust [VNO] rating to an Outperform from a an Underperform in a research note published recently. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who increased its forecast for the stock in early August from “an Underweight” to “a Neutral”. BMO Capital Markets also remained covering VNO and has increased its forecast on August 08, 2024 with a “an Outperform” recommendation from previously “Market perform” rating. Morgan Stanley revised its rating on March 28, 2024. It rated VNO as “an Equal-weight” which previously was an “an Underweight”.
Price Performance Review of VNO
On Tuesday, Vornado Realty Trust [NYSE:VNO] saw its stock jump 2.12% to $40.90. Over the last five days, the stock has gained 3.83%. Vornado Realty Trust shares have risen nearly 44.78% since the year began. Nevertheless, the stocks have risen 93.84% over the past one year. While a 52-week high of $40.37 was reached on 10/15/24, a 52-week low of $18.36 was recorded on 05/29/24. SMA at 50 days reached $35.78, while 200 days put it at $28.82.
Levels Of Support And Resistance For VNO Stock
The 24-hour chart illustrates a support level at 40.33, which if violated will result in even more drops to 39.77. On the upside, there is a resistance level at 41.50. A further resistance level may holdings at 42.11. The Relative Strength Index (RSI) on the 14-day chart is 74.60, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.74, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 17.49%. Stochastics %K at 80.38% indicates the stock is a selling.
How much short interest is there in Vornado Realty Trust?
A steep rise in short interest was recorded in Vornado Realty Trust stocks on 2024-09-30, dropping by -0.51 million shares to a total of 14.7 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 15.21 million shares. There was a decline of -3.44%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on March 27, 2024 when Barclays began covering the stock and recommended ‘”an Underweight”‘ rating along with a $22 price target.
