Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Verint Systems, Inc shares valued at $185,086 were sold by MORIAH ELAN on Sep 16 ’24. At $25.85 per share, MORIAH ELAN sold 7,160 shares. The insider’s holdings dropped to 139,251 shares worth approximately $3.34 million following the completion of this transaction.
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Also, Highlander Grant A sold 3,389 shares, netting a total of over 87,606 in proceeds. Following the sale of shares at $25.85 each, the insider now holds 131,267 shares.
Before that, FANTE PETER had sold 6,330 shares from its account. In a trade valued at $163,630, the Chief Administrative Officer traded Verint Systems, Inc shares for $25.85 each. Upon closing the transaction, the insider’s holdings decreased to 6,330 shares, worth approximately $2.19 million.
As published in a research note from Oppenheimer on September 07, 2023, Verint Systems, Inc [VRNT] has been rated down from an Outperform to a Perform. Analysts at Evercore ISI downgraded the stock from ‘”an Outperform”‘ to ‘”an In-line”‘ outlook in a report released in early September. As of January 05, 2023, Jefferies has decreased its “Buy” rating to a “Hold” for VRNT. Earlier on April 12, 2022, Goldman downgraded its rating. Their new recommendation was “a Neutral” for VRNT stock which previously was a “a Buy”.
Analyzing VRNT Stock Performance
During the last five days, there has been a surge of approximately 12.72%. Over the course of the year, Verint Systems, Inc shares have dropped approximately -11.17%. Shares of the company reached a 52-week high of $38.17 on 06/12/24 and a 52-week low of $21.27 on 11/04/24. A 50-day SMA is recorded $24.53, while a 200-day SMA reached $30.05. Nevertheless, trading volume fell to 0.58 million shares from 0.98 million shares the previous day.
Support And Resistance Levels for Verint Systems, Inc (VRNT)
According to the 24-hour chart, there is a support level at 23.80, which, if violated, would cause prices to drop to 23.59. In the upper region, resistance lies at 24.23. The next price resistance is at 24.44. RSI (Relative Strength Index) is 58.45 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.10, which suggests the price will increase in the coming days. Percent R is at 7.60%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
