Virtu Financial Inc’s recent filing unveils that its Director Gambale Virginia unloaded Company’s shares for reported $0.15 million on Aug 05 ’24. In the deal valued at $27.30 per share,5,400 shares were sold. As a result of this transaction, Gambale Virginia now holds 24,122 shares worth roughly $0.85 million.
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Then, Gambale Virginia bought 5,400 shares, generating $147,420 in total proceeds.
Before that, Cifu Douglas A bought 50,000 shares. Virtu Financial Inc shares valued at $810,410 were divested by the Chief Executive Officer at a price of $16.21 per share. As a result of the transaction, Cifu Douglas A now holds 584,132 shares, worth roughly $20.5 million.
BofA Securities initiated its Virtu Financial Inc [VIRT] rating to a Buy in a research note published on November 28, 2023; the price target was $20. A number of analysts have revised their coverage, including Citigroup’s analysts, who increased its forecast for the stock in mid September from “a Neutral” to “a Buy”. Morgan Stanley also remained covering VIRT and has increased its forecast on April 11, 2023 with a “an Equal-weight” recommendation from previously “an Underweight” rating. Citigroup revised its rating on January 12, 2023. It rated VIRT as “a Neutral” which previously was an “a Buy”.
Price Performance Review of VIRT
On Tuesday, Virtu Financial Inc [NASDAQ:VIRT] saw its stock fall -2.15% to $35.10. Over the last five days, the stock has gained 10.34%. Virtu Financial Inc shares have risen nearly 73.25% since the year began. Nevertheless, the stocks have risen 102.07% over the past one year. While a 52-week high of $36.98 was reached on 11/11/24, a 52-week low of $16.02 was recorded on 02/07/24. SMA at 50 days reached $31.94, while 200 days put it at $24.95.
Levels Of Support And Resistance For VIRT Stock
The 24-hour chart illustrates a support level at 34.66, which if violated will result in even more drops to 34.22. On the upside, there is a resistance level at 35.57. A further resistance level may holdings at 36.04. The Relative Strength Index (RSI) on the 14-day chart is 68.71, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.72, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 26.26%. Stochastics %K at 85.26% indicates the stock is a selling.
How much short interest is there in Virtu Financial Inc?
A steep rise in short interest was recorded in Virtu Financial Inc stocks on 2024-10-31, growing by 0.29 million shares to a total of 2.34 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 2.05 million shares. There was a rise of 12.39%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on October 12, 2022 when Citigroup began covering the stock and recommended ‘”a Buy”‘ rating along with a $26 price target.
