Veeco Instruments Inc’s recent filing unveils that its SVP & CHIEF FINANCIAL OFFICER KIERNAN JOHN P unloaded Company’s shares for reported $81575.0 on Oct 10 ’24. In the deal valued at $32.63 per share,2,500 shares were sold. As a result of this transaction, KIERNAN JOHN P now holds 82,642 shares worth roughly $2.6 million.
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Then, KIERNAN JOHN P sold 2,500 shares, generating $72,598 in total proceeds. Upon selling the shares at $29.04, the SVP & CHIEF FINANCIAL OFFICER now owns 85,142 shares.
Before that, John Kiernan bought 7,500 shares. Veeco Instruments Inc shares valued at $221,550 were divested by the Officer at a price of $29.54 per share.
Citigroup downgraded its Veeco Instruments Inc [VECO] rating to a Neutral from a a Buy in a research note published on July 15, 2024; the price target was increased to $50 from $45. A number of analysts have revised their coverage, including Citigroup’s analysts, who began to cover the stock in mid September with a ‘”a Buy”‘ rating. Needham began covering VECO with “Buy” recommendation on September 01, 2023. Barclays revised its rating on January 23, 2023. It rated VECO as “an Equal weight” which previously was an “an Overweight”.
Price Performance Review of VECO
On Tuesday, Veeco Instruments Inc [NASDAQ:VECO] saw its stock fall -6.73% to $31.48. Over the last five days, the stock has lost -3.52%. Veeco Instruments Inc shares have risen nearly 1.45% since the year began. Nevertheless, the stocks have risen 14.22% over the past one year. While a 52-week high of $49.25 was reached on 07/11/24, a 52-week low of $23.63 was recorded on 01/10/24. SMA at 50 days reached $33.59, while 200 days put it at $36.55.
Levels Of Support And Resistance For VECO Stock
The 24-hour chart illustrates a support level at 30.56, which if violated will result in even more drops to 29.64. On the upside, there is a resistance level at 33.15. A further resistance level may holdings at 34.82. The Relative Strength Index (RSI) on the 14-day chart is 42.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.39%. Stochastics %K at 49.68% indicates the stock is a holding.
How much short interest is there in Veeco Instruments Inc?
A steep rise in short interest was recorded in Veeco Instruments Inc stocks on 2024-09-30, dropping by 95941.0 shares to a total of 5.73 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 5.83 million shares. There was a decline of -1.67%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on December 28, 2021 when Northland Capital resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $32.
