Veris Residential Inc’s recent filing unveils that its CHIEF EXECUTIVE OFFICER Nia Mahbod acquired Company’s shares for reported $0.5 million on Jun 20 ’24. In the deal valued at $14.32 per share,35,000 shares were bought. As a result of this transaction, Nia Mahbod now holds 380,869 shares worth roughly $6.94 million.
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Then, Lietz Nori Gerardo bought 10,000 shares, generating $143,100 in total proceeds. Upon buying the shares at $14.31, the Director now owns 39,687 shares.
BofA Securities upgraded its Veris Residential Inc [VRE] rating to a Buy from a a Neutral in a research note published on November 12, 2024; the price target was increased to $23 from $20. Evercore ISI also remained covering VRE and has increased its forecast on July 27, 2023 with a “an Outperform” recommendation from previously “an In-line” rating. Deutsche Bank revised its rating on May 16, 2023. It rated VRE as “a Buy” which previously was an “a Hold”.
Price Performance Review of VRE
On Tuesday, Veris Residential Inc [NYSE:VRE] saw its stock jump 0.77% to $18.23. Over the last five days, the stock has gained 8.19%. Veris Residential Inc shares have risen nearly 15.89% since the year began. Nevertheless, the stocks have risen 30.68% over the past one year. While a 52-week high of $18.40 was reached on 11/12/24, a 52-week low of $13.27 was recorded on 06/20/24. SMA at 50 days reached $17.43, while 200 days put it at $15.81.
Levels Of Support And Resistance For VRE Stock
The 24-hour chart illustrates a support level at 18.02, which if violated will result in even more drops to 17.81. On the upside, there is a resistance level at 18.57. A further resistance level may holdings at 18.91. The Relative Strength Index (RSI) on the 14-day chart is 64.70, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.97, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 17.60%. Stochastics %K at 86.82% indicates the stock is a selling.
How much short interest is there in Veris Residential Inc?
A steep rise in short interest was recorded in Veris Residential Inc stocks on 2024-10-31, growing by 1.07 million shares to a total of 3.92 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 2.84 million shares. There was a rise of 27.39%, which implies that there is a positive sentiment for the stock.
