VSE Corp.’s filing revealed that its Former 10% shareholder within KOONCE CALVIN SCOTT acquired Company’s shares for reported $34.58 million on Oct 17 ’24. In the deal valued at $105.80 per share,326,800 shares were bought.
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Then, Koonce LLC bought 326,800 shares, generating $34,575,440 in total proceeds.
Before that, KOONCE CALVIN SCOTT bought 138,162 shares. VSE Corp. shares valued at $11,613,898 were divested by the Former 10% shareholder within at a price of $84.06 per share.
Jefferies initiated its VSE Corp. [VSEC] rating to a Buy in a research note published on August 14, 2024; the price target was $100. A number of analysts have revised their coverage, including Stifel’s analysts, who began to cover the stock in late June with a ‘”a Buy”‘ rating. RBC Capital Mkts also remained covering VSEC and has increased its forecast on May 02, 2023 with a “an Outperform” recommendation from previously “Sector perform” rating. RBC Capital Mkts revised its rating on May 18, 2022. It rated VSEC as “a Sector perform” which previously was an “an Outperform”.
Price Performance Review of VSEC
On Friday, VSE Corp. [NASDAQ:VSEC] saw its stock jump 1.25% to $104.08. Over the last five days, the stock has gained 16.25%. VSE Corp. shares have risen nearly 61.09% since the year began. Nevertheless, the stocks have risen 85.66% over the past one year. While a 52-week high of $106.11 was reached on 10/16/24, a 52-week low of $52.01 was recorded on 01/17/24. SMA at 50 days reached $87.82, while 200 days put it at $79.68.
Levels Of Support And Resistance For VSEC Stock
The 24-hour chart illustrates a support level at 102.20, which if violated will result in even more drops to 100.31. On the upside, there is a resistance level at 105.56. A further resistance level may holdings at 107.03. The Relative Strength Index (RSI) on the 14-day chart is 72.76, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 13.74, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 7.96%. Stochastics %K at 92.61% indicates the stock is a selling.
How much short interest is there in VSE Corp.?
A steep rise in short interest was recorded in VSE Corp. stocks on 2024-09-30, dropping by 19043.0 shares to a total of 1.15 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 1.17 million shares. There was a decline of -1.66%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on October 22, 2021 when RBC Capital Mkts began covering the stock and recommended ‘”an Outperform”‘ rating along with a $60 price target.
