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Veeva Systems Inc (VEEV) may enjoy gains as insiders got busy in the recent days

In a filing, Veeva Systems Inc revealed its Pres. & Chief Customer Officer Schwenger Thomas D. unloaded Company’s shares for reported $0.27 million on Nov 08 ’24. In the deal valued at $240.01 per share,1,126 shares were sold. As a result of this transaction, Schwenger Thomas D. now holds 27,013 shares worth roughly $5.67 million.

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Then, Schwenger Thomas D. bought 1,126 shares, generating $270,252 in total proceeds.

Before that, Faddis Jonathan sold 2,353 shares. Veeva Systems Inc shares valued at $470,600 were divested by the SVP, Gen. Counsel, Secretary at a price of $200.00 per share. As a result of the transaction, Faddis Jonathan now holds 9,035 shares, worth roughly $1.9 million.

Scotiabank initiated its Veeva Systems Inc [VEEV] rating to a Sector perform in a research note published on November 19, 2024; the price target was $235. A number of analysts have revised their coverage, including Exane BNP Paribas’s analysts, who began to cover the stock in early October with a ‘”an Outperform”‘ rating. Citigroup also remained covering VEEV and reiterated its “Buy” recommendation on August 27, 2024. BTIG Research started covering the stock on July 09, 2024. It rated VEEV as “a Buy”.

Price Performance Review of VEEV

On Tuesday, Veeva Systems Inc [NYSE:VEEV] saw its stock fall -1.77% to $209.89. Over the last five days, the stock has lost -11.26%. Veeva Systems Inc shares have risen nearly 9.02% since the year began. Nevertheless, the stocks have risen 18.89% over the past one year. While a 52-week high of $240.68 was reached on 11/08/24, a 52-week low of $165.12 was recorded on 05/31/24. SMA at 50 days reached $214.94, while 200 days put it at $206.11.

Levels Of Support And Resistance For VEEV Stock

The 24-hour chart illustrates a support level at 208.56, which if violated will result in even more drops to 207.22. On the upside, there is a resistance level at 212.46. A further resistance level may holdings at 215.02. The Relative Strength Index (RSI) on the 14-day chart is 41.22, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -8.75, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.15%. Stochastics %K at 12.33% indicates the stock is a buying.

How much short interest is there in Veeva Systems Inc?

A steep rise in short interest was recorded in Veeva Systems Inc stocks on 2024-10-31, growing by 0.48 million shares to a total of 2.4 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 1.92 million shares. There was a rise of 20.17%, which implies that there is a positive sentiment for the stock.

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