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Vertiv Holdings Co (VRT) receives a Buy rating from UBS

Vertiv Holdings Co’s recent filing unveils that its Officer ANAND SANGHI acquired Company’s shares for reported $4.37 million on Nov 22 ’24. In the deal valued at $141.46 per share,30,914 shares were bought.

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Then, Sanghi Anand sold 30,914 shares, generating $4,373,150 in total proceeds. Upon selling the shares at $141.46, the Pres. Americas now owns 19,448 shares.

Before that, Philip O’Doherty bought 500,000 shares. Vertiv Holdings Co shares valued at $70,075,000 were divested by the Affiliate at a price of $140.15 per share.

UBS initiated its Vertiv Holdings Co [VRT] rating to a Buy in a research note published on November 13, 2024; the price target was $155. A number of analysts have revised their coverage, including Jefferies’s analysts, who began to cover the stock in early October with a ‘”a Buy”‘ rating. Mizuho also remained covering VRT and has increased its forecast on August 07, 2024 with a “an Outperform” recommendation from previously “Neutral” rating. Oppenheimer started covering the stock on April 05, 2024. It rated VRT as “an Outperform”.

Price Performance Review of VRT

On Friday, Vertiv Holdings Co [NYSE:VRT] saw its stock fall -0.95% to $140.15. Over the last five days, the stock has gained 15.95%. Vertiv Holdings Co shares have risen nearly 191.80% since the year began. Nevertheless, the stocks have risen 222.04% over the past one year. While a 52-week high of $145.67 was reached on 11/21/24, a 52-week low of $41.01 was recorded on 01/03/24. SMA at 50 days reached $110.93, while 200 days put it at $89.74.

Levels Of Support And Resistance For VRT Stock

The 24-hour chart illustrates a support level at 138.56, which if violated will result in even more drops to 136.97. On the upside, there is a resistance level at 142.32. A further resistance level may holdings at 144.49. The Relative Strength Index (RSI) on the 14-day chart is 71.87, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 12.51, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 14.29%. Stochastics %K at 88.06% indicates the stock is a selling.

How much short interest is there in Vertiv Holdings Co?

A steep rise in short interest was recorded in Vertiv Holdings Co stocks on 2024-10-31, dropping by -0.46 million shares to a total of 18.44 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 18.9 million shares. There was a decline of -2.49%, which implies that there is a negative sentiment for the stock.

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