Vimeo Inc’s recently made public that its Director Gross Adam acquired Company’s shares for reported $0.25 million on Aug 12 ’24. In the deal valued at $5.01 per share,50,000 shares were bought. As a result of this transaction, Gross Adam now holds 282,247 shares worth roughly $1.83 million.
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Then, Schiffman Glenn bought 20,000 shares, generating $95,100 in total proceeds. Upon buying the shares at $4.75, the Director now owns 367,404 shares.
Before that, Munson Gillian bought 4,348 shares. Vimeo Inc shares valued at $20,131 were divested by the Chief Financial Officer at a price of $4.63 per share. As a result of the transaction, Munson Gillian now holds 1,040,676 shares, worth roughly $6.74 million.
Jefferies downgraded its Vimeo Inc [VMEO] rating to a Hold from a a Buy in a research note published on January 05, 2024; the price target was decreased to $4 from $7. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who decreased its forecast for the stock in early May from “an Overweight” to “a Neutral”. JP Morgan also remained covering VMEO and reiterated its “Neutral” recommendation on December 15, 2021. Cowen revised its rating on November 05, 2021. It rated VMEO as “a Market perform” which previously was an “an Outperform”.
Price Performance Review of VMEO
On Friday, Vimeo Inc [NASDAQ:VMEO] saw its stock fall -1.07% to $6.48. Over the last five days, the stock has lost -4.57%. Vimeo Inc shares have risen nearly 65.31% since the year began. Nevertheless, the stocks have risen 70.98% over the past one year. While a 52-week high of $7.28 was reached on 11/11/24, a 52-week low of $3.43 was recorded on 04/25/24. SMA at 50 days reached $5.28, while 200 days put it at $4.44.
Levels Of Support And Resistance For VMEO Stock
The 24-hour chart illustrates a support level at 6.38, which if violated will result in even more drops to 6.27. On the upside, there is a resistance level at 6.60. A further resistance level may holdings at 6.71. The Relative Strength Index (RSI) on the 14-day chart is 62.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.47, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 30.23%. Stochastics %K at 72.81% indicates the stock is a holding.
How much short interest is there in Vimeo Inc?
A steep rise in short interest was recorded in Vimeo Inc stocks on 2024-10-31, dropping by -0.45 million shares to a total of 3.26 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 3.71 million shares. There was a decline of -13.89%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on September 22, 2021 when Wells Fargo began covering the stock and recommended ‘”an Overweight”‘ rating along with a $47 price target.
