Vertiv Holdings Co’s filing revealed that its President, EMEA Winther Karsten unloaded Company’s shares for reported $3.59 million on Sep 03 ’24. In the deal valued at $79.99 per share,44,924 shares were sold. As a result of this transaction, Winther Karsten now holds 10,542 shares worth roughly $1.13 million.
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Then, KARSTEN WINTHER bought 44,924 shares, generating $3,593,567 in total proceeds.
Before that, O’ Doherty Philip sold 9,529 shares. Vertiv Holdings Co shares valued at $1,041,524 were divested by the Managing Director, E+I at a price of $109.30 per share. As a result of the transaction, O’ Doherty Philip now holds 6,882,859 shares, worth roughly $735.78 million.
Jefferies initiated its Vertiv Holdings Co [VRT] rating to a Buy in a research note published on October 07, 2024; the price target was $125. A number of analysts have revised their coverage, including Mizuho’s analysts, who increased its forecast for the stock in early August from “a Neutral” to “an Outperform”. Oppenheimer began covering VRT with “an Outperform” recommendation on April 05, 2024. BofA Securities revised its rating on August 02, 2023. It rated VRT as “a Buy” which previously was an “an Underperform”.
Price Performance Review of VRT
On Friday, Vertiv Holdings Co [NYSE:VRT] saw its stock fall -2.19% to $106.90. Over the last five days, the stock has lost -4.70%. Vertiv Holdings Co shares have risen nearly 122.57% since the year began. Nevertheless, the stocks have risen 165.72% over the past one year. While a 52-week high of $116.41 was reached on 10/23/24, a 52-week low of $38.68 was recorded on 01/03/24. SMA at 50 days reached $96.83, while 200 days put it at $84.56.
Levels Of Support And Resistance For VRT Stock
The 24-hour chart illustrates a support level at 105.70, which if violated will result in even more drops to 104.50. On the upside, there is a resistance level at 109.05. A further resistance level may holdings at 111.20. The Relative Strength Index (RSI) on the 14-day chart is 50.81, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.66, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.98%. Stochastics %K at 42.28% indicates the stock is a holding.
How much short interest is there in Vertiv Holdings Co?
A steep rise in short interest was recorded in Vertiv Holdings Co stocks on 2024-10-15, dropping by -1.42 million shares to a total of 18.02 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 19.43 million shares. There was a decline of -7.85%, which implies that there is a negative sentiment for the stock.
