Veralto Corp’s recently made public that its Officer Trivedi Surekha acquired Company’s shares for reported $77388.0 on Nov 01 ’24. In the deal valued at $102.91 per share,752 shares were bought.
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Then, Trivedi Surekha sold 753 shares, generating $84,750 in total proceeds. Upon selling the shares at $112.55, the SVP, Strategy & Sustainability now owns 11,165 shares.
Before that, Honeycutt Jennifer sold 13,190 shares. Veralto Corp shares valued at $1,452,878 were divested by the President and CEO at a price of $110.15 per share. As a result of the transaction, Honeycutt Jennifer now holds 138,546 shares, worth roughly $14.07 million.
UBS initiated its Veralto Corp [VLTO] rating to a Neutral in a research note published on August 13, 2024; the price target was $118. A number of analysts have revised their coverage, including TD Cowen’s analysts, who began to cover the stock in mid June with a ‘”a Hold”‘ rating. Goldman began covering VLTO with “Buy” recommendation on March 22, 2024. Exane BNP Paribas started covering the stock on March 12, 2024. It rated VLTO as “an Outperform”.
Price Performance Review of VLTO
On Friday, Veralto Corp [NYSE:VLTO] saw its stock fall -0.59% to $101.59. Over the last five days, the stock has lost -2.36%. Veralto Corp shares have risen nearly 23.50% since the year began. Nevertheless, the stocks have risen 50.48% over the past one year. While a 52-week high of $115.00 was reached on 10/24/24, a 52-week low of $66.69 was recorded on 01/16/24. SMA at 50 days reached $110.00, while 200 days put it at $97.78.
Levels Of Support And Resistance For VLTO Stock
The 24-hour chart illustrates a support level at 100.78, which if violated will result in even more drops to 99.98. On the upside, there is a resistance level at 102.79. A further resistance level may holdings at 104.00. The Relative Strength Index (RSI) on the 14-day chart is 22.97, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.67, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.03%. Stochastics %K at 2.94% indicates the stock is a buying.
How much short interest is there in Veralto Corp?
A steep rise in short interest was recorded in Veralto Corp stocks on 2024-10-15, growing by 54614.0 shares to a total of 3.11 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 3.06 million shares. There was a rise of 1.76%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on February 27, 2024 when BMO Capital Markets began covering the stock and recommended ‘”an Outperform”‘ rating along with a $97 price target.
