In a filing, Vital Energy Inc. revealed its EVP, Gen. Counsel & Secretary Denny Mark David unloaded Company’s shares for reported $0.16 million on Oct 08 ’24. In the deal valued at $30.22 per share,5,145 shares were sold. As a result of this transaction, Denny Mark David now holds 26,358 shares worth roughly $0.7 million.
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Then, Hill Kathryn Anne sold 2,023 shares, generating $61,135 in total proceeds. Upon selling the shares at $30.22, the SVP & Chief Operating Officer now owns 29,091 shares.
Before that, Lemmerman Bryan sold 10,000 shares. Vital Energy Inc. shares valued at $285,400 were divested by the EVP & CFO at a price of $28.54 per share. As a result of the transaction, Lemmerman Bryan now holds 77,516 shares, worth roughly $2.04 million.
KeyBanc Capital Markets downgraded its Vital Energy Inc. [VTLE] rating to a Sector weight from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who began to cover the stock in mid July with a ‘”an Underperform”‘ rating. BofA Securities also remained covering VTLE and reiterated its “an Underperform” recommendation on June 14, 2024.
Price Performance Review of VTLE
On Tuesday, Vital Energy Inc. [NYSE:VTLE] saw its stock fall -7.99% to $26.37. Over the last five days, the stock has lost -9.97%. Vital Energy Inc. shares have fallen nearly -42.03% since the year began. Nevertheless, the stocks have fallen -52.46% over the past one year. While a 52-week high of $58.30 was reached on 04/12/24, a 52-week low of $25.94 was recorded on 09/26/24. SMA at 50 days reached $31.80, while 200 days put it at $43.52.
Levels Of Support And Resistance For VTLE Stock
The 24-hour chart illustrates a support level at 25.89, which if violated will result in even more drops to 25.40. On the upside, there is a resistance level at 27.29. A further resistance level may holdings at 28.20. The Relative Strength Index (RSI) on the 14-day chart is 36.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.39, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.82%. Stochastics %K at 38.16% indicates the stock is a holding.
How much short interest is there in Vital Energy Inc.?
A steep rise in short interest was recorded in Vital Energy Inc. stocks on 2024-09-30, growing by 0.59 million shares to a total of 7.91 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 7.32 million shares. There was a rise of 7.45%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on December 08, 2023 when BofA Securities began covering the stock and recommended ‘”an Underperform”‘ rating along with a $48 price target.
