Veralto Corp’s recently made public that its SVP, Strategy & Sustainability Trivedi Surekha unloaded Company’s shares for reported $77388.0 on Nov 01 ’24. In the deal valued at $102.91 per share,752 shares were sold. As a result of this transaction, Trivedi Surekha now holds 10,413 shares worth roughly $1.08 million.
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Then, Trivedi Surekha bought 752 shares, generating $77,388 in total proceeds.
Before that, Trivedi Surekha sold 753 shares. Veralto Corp shares valued at $84,750 were divested by the SVP, Strategy & Sustainability at a price of $112.55 per share. As a result of the transaction, Trivedi Surekha now holds 11,165 shares, worth roughly $1.16 million.
UBS initiated its Veralto Corp [VLTO] rating to a Neutral in a research note published on August 13, 2024; the price target was $118. A number of analysts have revised their coverage, including TD Cowen’s analysts, who began to cover the stock in mid June with a ‘”a Hold”‘ rating. Goldman began covering VLTO with “Buy” recommendation on March 22, 2024. Exane BNP Paribas started covering the stock on March 12, 2024. It rated VLTO as “an Outperform”.
Price Performance Review of VLTO
On Tuesday, Veralto Corp [NYSE:VLTO] saw its stock jump 1.11% to $103.98. Over the last five days, the stock has gained 0.22%. Veralto Corp shares have risen nearly 26.40% since the year began. Nevertheless, the stocks have risen 46.47% over the past one year. While a 52-week high of $115.00 was reached on 10/24/24, a 52-week low of $70.47 was recorded on 01/16/24. SMA at 50 days reached $108.32, while 200 days put it at $99.36.
Levels Of Support And Resistance For VLTO Stock
The 24-hour chart illustrates a support level at 102.72, which if violated will result in even more drops to 101.46. On the upside, there is a resistance level at 104.76. A further resistance level may holdings at 105.54. The Relative Strength Index (RSI) on the 14-day chart is 43.60, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.28, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 46.05%. Stochastics %K at 38.28% indicates the stock is a holding.
How much short interest is there in Veralto Corp?
A steep rise in short interest was recorded in Veralto Corp stocks on 2024-10-31, dropping by -0.28 million shares to a total of 3.46 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 3.74 million shares. There was a decline of -8.05%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on February 27, 2024 when BMO Capital Markets began covering the stock and recommended ‘”an Outperform”‘ rating along with a $97 price target.
