Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Veeva Systems Inc shares valued at $470,600 were sold by Faddis Jonathan on Aug 21 ’24. At $200.00 per share, Faddis Jonathan sold 2,353 shares. The insider’s holdings dropped to 9,035 shares worth approximately $1.96 million following the completion of this transaction.
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Also, Faddis Jonathan purchased 2,353 shares, netting a total of over 470,600 in proceeds.
Before that, Cabral Timothy S had sold 15,000 shares from its account. In a trade valued at $2,764,931, the Interim CFO traded Veeva Systems Inc shares for $184.33 each. Upon closing the transaction, the insider’s holdings decreased to 15,000 shares, worth approximately $1.82 million.
As published in their initiating research note from Exane BNP Paribas on October 08, 2024, Veeva Systems Inc [VEEV] has been an Outperform and the price target has been revised to $286. Analysts at Citigroup resumed the stock at ‘”a Buy”‘ outlook in a report released in late August. As of July 09, 2024, BTIG Research has initiated its “Buy” rating for VEEV. Earlier on October 25, 2023, Wells Fargo upgraded its rating. Their new recommendation was “an Overweight” for VEEV stock which previously was a “an Equal weight”.
Analyzing VEEV Stock Performance
During the last five days, there has been a surge of approximately 3.28%. Over the course of the year, Veeva Systems Inc shares have jumped approximately 12.73%. Shares of the company reached a 52-week high of $236.90 on 03/14/24 and a 52-week low of $170.25 on 05/31/24. A 50-day SMA is recorded $207.07, while a 200-day SMA reached $204.22. Nevertheless, trading volume fell to 0.79 million shares from 0.95 million shares the previous day.
Support And Resistance Levels for Veeva Systems Inc (VEEV)
According to the 24-hour chart, there is a support level at 214.71, which, if violated, would cause prices to drop to 212.40. In the upper region, resistance lies at 218.33. The next price resistance is at 219.64. RSI (Relative Strength Index) is 62.73 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.96, which suggests the price will increase in the coming days. Percent R is at 8.93%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
