Veralto Corp’s filing revealed that its SVP, Strategy & Sustainability Trivedi Surekha unloaded Company’s shares for reported $84750.0 on Oct 01 ’24. In the deal valued at $112.55 per share,753 shares were sold. As a result of this transaction, Trivedi Surekha now holds 11,165 shares worth roughly $1.27 million.
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Then, Honeycutt Jennifer sold 13,190 shares, generating $1,452,878 in total proceeds. Upon selling the shares at $110.15, the President and CEO now owns 138,546 shares.
Before that, Trivedi Surekha bought 753 shares. Veralto Corp shares valued at $84,750 were divested by the Officer at a price of $112.55 per share.
UBS initiated its Veralto Corp [VLTO] rating to a Neutral in a research note published on August 13, 2024; the price target was $118. A number of analysts have revised their coverage, including TD Cowen’s analysts, who began to cover the stock in mid June with a ‘”a Hold”‘ rating. Goldman began covering VLTO with “Buy” recommendation on March 22, 2024. Exane BNP Paribas started covering the stock on March 12, 2024. It rated VLTO as “an Outperform”.
Price Performance Review of VLTO
On Friday, Veralto Corp [NYSE:VLTO] saw its stock jump 0.50% to $113.60. Over the last five days, the stock has gained 0.42%. Veralto Corp shares have risen nearly 38.10% since the year began. Nevertheless, the stocks have risen 56.80% over the past one year. While a 52-week high of $114.61 was reached on 10/15/24, a 52-week low of $65.51 was recorded on 01/16/24. SMA at 50 days reached $110.53, while 200 days put it at $96.29.
Levels Of Support And Resistance For VLTO Stock
The 24-hour chart illustrates a support level at 112.56, which if violated will result in even more drops to 111.51. On the upside, there is a resistance level at 114.17. A further resistance level may holdings at 114.73. The Relative Strength Index (RSI) on the 14-day chart is 61.08, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.82, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 18.86%. Stochastics %K at 70.87% indicates the stock is a holding.
How much short interest is there in Veralto Corp?
A steep rise in short interest was recorded in Veralto Corp stocks on 2024-09-30, growing by 1.47 million shares to a total of 3.74 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 2.27 million shares. There was a rise of 39.25%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on February 27, 2024 when BMO Capital Markets began covering the stock and recommended ‘”an Outperform”‘ rating along with a $97 price target.
