Vestis Corp’s filing revealed that its Director Pertz Douglas A acquired Company’s shares for reported $0.65 million on May 24 ’24. In the deal valued at $11.99 per share,54,468 shares were bought. As a result of this transaction, Pertz Douglas A now holds 195,604 shares worth roughly $2.71 million.
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Then, Pertz Douglas A bought 22,442 shares, generating $260,706 in total proceeds. Upon buying the shares at $11.62, the Director now owns 218,046 shares.
Before that, Shih Grant bought 800 shares. Vestis Corp shares valued at $9,600 were divested by the EVP and CTO at a price of $12.00 per share. As a result of the transaction, Shih Grant now holds 6,187 shares, worth roughly $85751.81999999999.
Robert W. Baird downgraded its Vestis Corp [VSTS] rating to a Neutral from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including William Blair’s analysts, who began to cover the stock in late May with a ‘”a Mkt perform”‘ rating. Redburn Atlantic also remained covering VSTS and has decreased its forecast on May 07, 2024 with a “Neutral” recommendation from previously “Buy” rating. Stifel revised its rating on May 03, 2024. It rated VSTS as “a Hold” which previously was an “a Buy”.
Price Performance Review of VSTS
On Friday, Vestis Corp [NYSE:VSTS] saw its stock fall -1.98% to $13.86. Over the last five days, the stock has lost -1.84%. Vestis Corp shares have fallen nearly -34.44% since the year began. Nevertheless, the stocks have fallen -19.75% over the past one year. While a 52-week high of $22.37 was reached on 02/02/24, a 52-week low of $8.92 was recorded on 05/02/24. SMA at 50 days reached $14.64, while 200 days put it at $15.02.
Levels Of Support And Resistance For VSTS Stock
The 24-hour chart illustrates a support level at 13.61, which if violated will result in even more drops to 13.37. On the upside, there is a resistance level at 14.21. A further resistance level may holdings at 14.57. The Relative Strength Index (RSI) on the 14-day chart is 43.07, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 48.41%. Stochastics %K at 72.20% indicates the stock is a holding.
How much short interest is there in Vestis Corp?
A steep rise in short interest was recorded in Vestis Corp stocks on 2024-10-31, growing by 0.24 million shares to a total of 4.2 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 3.97 million shares. There was a rise of 5.66%, which implies that there is a positive sentiment for the stock.
