The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Ventas Inc shares valued at $8,022,701 were sold by CAFARO DEBRA A on Oct 29 ’24. At $66.17 per share, CAFARO DEBRA A sold 121,248 shares. The insider’s holdings dropped to 986,717 shares worth approximately $64.62 million following the completion of this transaction.
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Also, CAFARO DEBRA A sold 34,085 shares, netting a total of over 2,272,341 in proceeds. Following the sale of shares at $66.67 each, the insider now holds 986,717 shares.
Before that, CAFARO DEBRA A had added 34,085 shares to its account. In a trade valued at $2,272,340, the Officer bought Ventas Inc shares for $66.67 each.
As published in a research note from Wells Fargo on October 01, 2024, Ventas Inc [VTR] has been rated up from an Equal weight to an Overweight and the price target has been revised to $71 from $61. Analysts at Evercore ISI upgraded the stock from ‘”an In-line”‘ to ‘”an Outperform”‘ outlook in a report released in mid March. As of February 26, 2024, Wells Fargo has decreased its “an Overweight” rating to a “an Equal weight” for VTR. Earlier on January 30, 2024, Deutsche Bank initiated its rating. Their recommendation was “a Buy” for VTR stock.
Analyzing VTR Stock Performance
During the last five days, there has been a drop of approximately -0.71%. Over the course of the year, Ventas Inc shares have jumped approximately 31.40%. Shares of the company reached a 52-week high of $67.61 on 10/31/24 and a 52-week low of $41.45 on 04/16/24. A 50-day SMA is recorded $63.55, while a 200-day SMA reached $51.98. Nevertheless, trading volume fell to 4.67 million shares from 2.49 million shares the previous day.
Support And Resistance Levels for Ventas Inc (VTR)
According to the 24-hour chart, there is a support level at 64.24, which, if violated, would cause prices to drop to 62.98. In the upper region, resistance lies at 67.18. The next price resistance is at 68.86. RSI (Relative Strength Index) is 56.80 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.87, which suggests the price will decrease in the coming days. Percent R is at 42.57%, indicating low price movement. Stochastics %K at selling indicates that the stock is to be held.
