Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Varex Imaging Corp shares valued at $32,302 were sold by Honeysett Kimberley E. on Aug 20 ’24. At $12.53 per share, Honeysett Kimberley E. sold 2,578 shares. The insider’s holdings dropped to 275 shares worth approximately $3924.25 following the completion of this transaction.
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Also, Honeysett Kimberley E. purchased 2,578 shares, netting a total of over 32,302 in proceeds.
Before that, Maheshwari Shubham had added 10,000 shares to its account. In a trade valued at $108,200, the Chief Financial Officer bought Varex Imaging Corp shares for $10.82 each. Upon closing the transaction, the insider’s holdings increased to 10,000 shares, worth approximately $0.8 million.
As published in their initiating research note from B. Riley Securities on August 23, 2024, Varex Imaging Corp [VREX] has been a Buy and the price target has been revised to $21. Analysts at Jefferies started covering the stock with ‘”a Hold”‘ outlook in a report released in mid October. As of February 05, 2021, Oppenheimer has increased its “Perform” rating to a “an Outperform” for VREX. Earlier on August 13, 2020, Oppenheimer downgraded its rating. Their new recommendation was “a Perform” for VREX stock which previously was a “an Outperform”.
Analyzing VREX Stock Performance
During the last five days, there has been a surge of approximately 8.68%. Over the course of the year, Varex Imaging Corp shares have dropped approximately -30.39%. Shares of the company reached a 52-week high of $21.06 on 01/12/24 and a 52-week low of $10.19 on 09/10/24. A 50-day SMA is recorded $12.02, while a 200-day SMA reached $14.85. Nevertheless, trading volume fell to 0.57 million shares from 1.11 million shares the previous day.
Support And Resistance Levels for Varex Imaging Corp (VREX)
According to the 24-hour chart, there is a support level at 14.11, which, if violated, would cause prices to drop to 13.96. In the upper region, resistance lies at 14.51. The next price resistance is at 14.76. RSI (Relative Strength Index) is 73.94 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.87, which suggests the price will decrease in the coming days. Percent R is at 17.31%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
