Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Veralto Corp shares valued at $84,750 were sold by Trivedi Surekha on Oct 01 ’24. At $112.55 per share, Trivedi Surekha sold 753 shares. The insider’s holdings dropped to 11,165 shares worth approximately $1.24 million following the completion of this transaction.
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Also, Honeycutt Jennifer sold 13,190 shares, netting a total of over 1,452,878 in proceeds. Following the sale of shares at $110.15 each, the insider now holds 138,546 shares.
Before that, Trivedi Surekha had added 753 shares to its account. In a trade valued at $84,750, the Officer bought Veralto Corp shares for $112.55 each.
As published in their initiating research note from UBS on August 13, 2024, Veralto Corp [VLTO] has been a Neutral and the price target has been revised to $118. Analysts at TD Cowen started covering the stock with ‘”a Hold”‘ outlook in a report released in mid June. As of March 22, 2024, Goldman has initiated its “Buy” rating for VLTO. Earlier on March 12, 2024, Exane BNP Paribas initiated its rating. Their recommendation was “an Outperform” for VLTO stock.
Analyzing VLTO Stock Performance
During the last five days, there has been a drop of approximately -1.41%. Over the course of the year, Veralto Corp shares have jumped approximately 34.85%. Shares of the company reached a 52-week high of $114.61 on 10/15/24 and a 52-week low of $73.91 on 01/16/24. A 50-day SMA is recorded $110.83, while a 200-day SMA reached $96.82. Nevertheless, trading volume fell to 1.43 million shares from 0.96 million shares the previous day.
Support And Resistance Levels for Veralto Corp (VLTO)
According to the 24-hour chart, there is a support level at 109.75, which, if violated, would cause prices to drop to 108.56. In the upper region, resistance lies at 112.59. The next price resistance is at 114.25. RSI (Relative Strength Index) is 46.95 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.52, which suggests the price will decrease in the coming days. Percent R is at 83.91%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
