Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Vuzix Corporation shares valued at $26,188 were purchased by Harned Timothy Heydenreich on Apr 22 ’24. At $1.31 per share, Harned Timothy Heydenreich acquired 20,000 shares. The insider’s holdings grew to 186,016 shares worth approximately $0.25 million following the completion of this transaction.
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Also, Travers Paul J purchased 14,500 shares, netting a total of over 18,163 in proceeds. Following the buying of shares at $1.25 each, the insider now holds 2,859,670 shares.
Before that, Travers Paul J had added 7,500 shares to its account. In a trade valued at $10,062, the President and CEO bought Vuzix Corporation shares for $1.34 each. Upon closing the transaction, the insider’s holdings increased to 7,500 shares, worth approximately $3.9 million.
As published in a research note from BTIG Research on November 10, 2023, Vuzix Corporation [VUZI] has been rated down from a Buy to a Neutral. Analysts at Dawson James started covering the stock with ‘”a Buy”‘ outlook in a report released in late December. As of March 16, 2021, Maxim Group has decreased its “Buy” rating to a “Hold” for VUZI. Earlier on February 17, 2021, BTIG Research initiated its rating. Their recommendation was “a Buy” for VUZI stock.
Analyzing VUZI Stock Performance
During the last five days, there has been a surge of approximately 3.79%. Over the course of the year, Vuzix Corporation shares have dropped approximately -34.29%. Shares of the company reached a 52-week high of $2.2750 on 01/02/24 and a 52-week low of $0.8301 on 08/15/24. A 50-day SMA is recorded $1.0442, while a 200-day SMA reached $1.3568. Nevertheless, trading volume fell to 0.66 million shares from 0.75 million shares the previous day.
Support And Resistance Levels for Vuzix Corporation (VUZI)
According to the 24-hour chart, there is a support level at 1.3267, which, if violated, would cause prices to drop to 1.2833. In the upper region, resistance lies at 1.4067. The next price resistance is at 1.4433. RSI (Relative Strength Index) is 64.58 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.1557, which suggests the price will decrease in the coming days. Percent R is at 29.55%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
