Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Visteon Corp shares valued at $68,020 were sold by Jones Jeffrey David on Aug 16 ’24. At $97.03 per share, Jones Jeffrey David sold 701 shares. The insider’s holdings dropped to 1,332 shares worth approximately $0.12 million following the completion of this transaction.
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Also, Jones Jeffrey David purchased 701 shares, netting a total of over 68,020 in proceeds.
Before that, Ribeiro Joao Paulo had sold 3,859 shares from its account. In a trade valued at $431,177, the Senior Vice President traded Visteon Corp shares for $111.73 each. Upon closing the transaction, the insider’s holdings decreased to 3,859 shares, worth approximately $0.54 million.
As published in a research note from Wells Fargo on September 20, 2024, Visteon Corp [VC] has been rated up from an Equal weight to an Overweight and the price target has been revised to $122 from $115. Earlier on July 12, 2024, Robert W. Baird downgraded its rating. Their new recommendation was “a Neutral” for VC stock which previously was a “an Outperform”.
Analyzing VC Stock Performance
During the last five days, there has been a drop of approximately -2.40%. Over the course of the year, Visteon Corp shares have dropped approximately -27.74%. Shares of the company reached a 52-week high of $128.41 on 01/02/24 and a 52-week low of $86.77 on 10/23/24. A 50-day SMA is recorded $94.11, while a 200-day SMA reached $107.02. Nevertheless, trading volume fell to 0.6 million shares from 0.32 million shares the previous day.
Support And Resistance Levels for Visteon Corp (VC)
According to the 24-hour chart, there is a support level at 88.48, which, if violated, would cause prices to drop to 86.71. In the upper region, resistance lies at 93.55. The next price resistance is at 96.86. RSI (Relative Strength Index) is 44.75 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.18, which suggests the price will increase in the coming days. Percent R is at 63.90%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
