Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Verra Mobility Corp shares valued at $672,910 were sold by Conti Craig C on Aug 13 ’24. At $26.92 per share, Conti Craig C sold 25,000 shares. The insider’s holdings dropped to 47,210 shares worth approximately $1.23 million following the completion of this transaction.
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Also, ROBERTS DAVID MARTIN sold 129,018 shares, netting a total of over 3,483,980 in proceeds. Following the sale of shares at $27.00 each, the insider now holds 673,290 shares.
Before that, CRAIG CONTI had added 25,000 shares to its account. In a trade valued at $672,910, the Officer bought Verra Mobility Corp shares for $26.92 each.
As published in their initiating research note from UBS on October 20, 2023, Verra Mobility Corp [VRRM] has been a Buy and the price target has been revised to $25. Analysts at Deutsche Bank upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in late July. As of July 13, 2022, Robert W. Baird has decreased its “an Outperform” rating to a “Neutral” for VRRM. Earlier on March 30, 2022, Deutsche Bank initiated its rating. Their recommendation was “a Hold” for VRRM stock.
Analyzing VRRM Stock Performance
During the last five days, there has been a drop of approximately -1.81%. Over the course of the year, Verra Mobility Corp shares have jumped approximately 12.77%. Shares of the company reached a 52-week high of $31.03 on 07/23/24 and a 52-week low of $20.26 on 03/01/24. A 50-day SMA is recorded $27.12, while a 200-day SMA reached $25.95. Nevertheless, trading volume fell to 0.99 million shares from 0.96 million shares the previous day.
Support And Resistance Levels for Verra Mobility Corp (VRRM)
According to the 24-hour chart, there is a support level at 25.84, which, if violated, would cause prices to drop to 25.72. In the upper region, resistance lies at 26.22. The next price resistance is at 26.47. RSI (Relative Strength Index) is 37.38 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.47, which suggests the price will decrease in the coming days. Percent R is at 100.00%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
