In a filing, Verra Mobility Corp revealed its CFO Conti Craig C unloaded Company’s shares for reported $0.67 million on Aug 13 ’24. In the deal valued at $26.92 per share,25,000 shares were sold. As a result of this transaction, Conti Craig C now holds 47,210 shares worth roughly $1.08 million.
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Then, ROBERTS DAVID MARTIN sold 129,018 shares, generating $3,483,980 in total proceeds. Upon selling the shares at $27.00, the President and CEO now owns 673,290 shares.
Before that, CRAIG CONTI bought 25,000 shares. Verra Mobility Corp shares valued at $672,910 were divested by the Officer at a price of $26.92 per share.
UBS initiated its Verra Mobility Corp [VRRM] rating to a Buy in a research note published on October 20, 2023; the price target was $25. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who increased its forecast for the stock in late July from “a Hold” to “a Buy”. Robert W. Baird also remained covering VRRM and has decreased its forecast on July 13, 2022 with a “Neutral” recommendation from previously “an Outperform” rating. Deutsche Bank started covering the stock on March 30, 2022. It rated VRRM as “a Hold”.
Price Performance Review of VRRM
On Monday, Verra Mobility Corp [NASDAQ:VRRM] saw its stock fall -1.38% to $22.80. Over the last five days, the stock has lost -13.44%. Verra Mobility Corp shares have fallen nearly -1.00% since the year began. Nevertheless, the stocks have risen 12.59% over the past one year. While a 52-week high of $31.03 was reached on 07/23/24, a 52-week low of $18.76 was recorded on 03/01/24. SMA at 50 days reached $26.93, while 200 days put it at $25.95.
Levels Of Support And Resistance For VRRM Stock
The 24-hour chart illustrates a support level at 22.15, which if violated will result in even more drops to 21.51. On the upside, there is a resistance level at 23.49. A further resistance level may holdings at 24.19. The Relative Strength Index (RSI) on the 14-day chart is 19.50, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.34%. Stochastics %K at 8.03% indicates the stock is a buying.
How much short interest is there in Verra Mobility Corp?
A steep rise in short interest was recorded in Verra Mobility Corp stocks on 2024-10-15, dropping by 87254.0 shares to a total of 2.88 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 2.97 million shares. There was a decline of -3.03%, which implies that there is a negative sentiment for the stock.
