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Wells Fargo upgrades Ventas Inc (VTR) stock to an Overweight

Ventas Inc’s recently made public that its Chairman and CEO CAFARO DEBRA A unloaded Company’s shares for reported $4.94 million on Oct 24 ’24. In the deal valued at $66.10 per share,74,763 shares were sold. As a result of this transaction, CAFARO DEBRA A now holds 986,717 shares worth roughly $63.88 million.

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Then, CAFARO DEBRA A sold 6,004 shares, generating $396,930 in total proceeds. Upon selling the shares at $66.11, the Chairman and CEO now owns 986,717 shares.

Before that, CAFARO DEBRA A bought 6,004 shares. Ventas Inc shares valued at $396,931 were divested by the Officer at a price of $66.11 per share.

Wells Fargo upgraded its Ventas Inc [VTR] rating to an Overweight from a an Equal weight in a research note published on October 01, 2024; the price target was increased to $71 from $61. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who increased its forecast for the stock in mid March from “an In-line” to “an Outperform”. Wells Fargo also remained covering VTR and has decreased its forecast on February 26, 2024 with a “an Equal weight” recommendation from previously “an Overweight” rating. Deutsche Bank started covering the stock on January 30, 2024. It rated VTR as “a Buy”.

Price Performance Review of VTR

On Monday, Ventas Inc [NYSE:VTR] saw its stock fall -0.35% to $64.74. Over the last five days, the stock has gained 0.11%. Ventas Inc shares have risen nearly 29.90% since the year began. Nevertheless, the stocks have risen 53.81% over the past one year. While a 52-week high of $66.22 was reached on 10/25/24, a 52-week low of $40.98 was recorded on 04/16/24. SMA at 50 days reached $63.11, while 200 days put it at $51.72.

Levels Of Support And Resistance For VTR Stock

The 24-hour chart illustrates a support level at 64.36, which if violated will result in even more drops to 63.97. On the upside, there is a resistance level at 65.45. A further resistance level may holdings at 66.15. The Relative Strength Index (RSI) on the 14-day chart is 55.29, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.86, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 30.45%. Stochastics %K at 79.72% indicates the stock is a holding.

How much short interest is there in Ventas Inc?

A steep rise in short interest was recorded in Ventas Inc stocks on 2024-10-15, dropping by -1.47 million shares to a total of 8.34 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 9.8 million shares. There was a decline of -17.6%, which implies that there is a negative sentiment for the stock.

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