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Vail Resorts Inc. [MTN] Investment Guide: What You Need to Know

Vail Resorts Inc.’s recently made public that its EVP & Chief Financial Officer Korch Angela A acquired Company’s shares for reported $28561.0 on Oct 03 ’24. In the deal valued at $173.09 per share,165 shares were bought. As a result of this transaction, Korch Angela A now holds 2,187 shares worth roughly $0.37 million.

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Then, KATZ ROBERT A sold 9,296 shares, generating $1,635,914 in total proceeds. Upon selling the shares at $175.98, the Exec. Chair of the Board now owns 245,961 shares.

Before that, SORTE JOHN F sold 1,670 shares. Vail Resorts Inc. shares valued at $289,027 were divested by the Director at a price of $173.07 per share. As a result of the transaction, SORTE JOHN F now holds 45,111 shares, worth roughly $7.55 million.

JP Morgan downgraded its Vail Resorts Inc. [MTN] rating to an Underweight from a a Neutral in a research note published on June 07, 2024; the price target was decreased to $176 from $217. A number of analysts have revised their coverage, including Mizuho’s analysts, who began to cover the stock in late March with a ‘”a Buy”‘ rating. BofA Securities also remained covering MTN and has decreased its forecast on March 08, 2024 with a “Neutral” recommendation from previously “Buy” rating. Morgan Stanley started covering the stock on September 27, 2023. It rated MTN as “an Equal-weight”.

Price Performance Review of MTN

On Monday, Vail Resorts Inc. [NYSE:MTN] saw its stock fall -3.11% to $167.37. Over the last five days, the stock has lost -3.44%. Vail Resorts Inc. shares have fallen nearly -21.60% since the year began. Nevertheless, the stocks have fallen -22.34% over the past one year. While a 52-week high of $236.92 was reached on 02/22/24, a 52-week low of $165.14 was recorded on 06/07/24. SMA at 50 days reached $177.82, while 200 days put it at $197.47.

Levels Of Support And Resistance For MTN Stock

The 24-hour chart illustrates a support level at 165.30, which if violated will result in even more drops to 163.22. On the upside, there is a resistance level at 171.41. A further resistance level may holdings at 175.44. The Relative Strength Index (RSI) on the 14-day chart is 36.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.54, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.88%. Stochastics %K at 27.77% indicates the stock is a holding.

How much short interest is there in Vail Resorts Inc.?

A steep rise in short interest was recorded in Vail Resorts Inc. stocks on 2024-09-30, growing by 6388.0 shares to a total of 1.7 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 1.69 million shares. There was a rise of 0.38%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on September 26, 2023 when JP Morgan resumed its ‘”a Neutral”‘ rating for the stock and retained the price target to $280.

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