In a filing, Veritex Holdings Inc revealed its Director Sughrue John unloaded Company’s shares for reported $0.51 million on Nov 11 ’24. In the deal valued at $30.25 per share,16,820 shares were sold. As a result of this transaction, Sughrue John now holds 62,643 shares worth roughly $1.96 million.
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Then, Sughrue John sold 7,353 shares, generating $223,486 in total proceeds. Upon selling the shares at $30.39, the Director now owns 0 shares.
Before that, Sughrue John bought 24,028 shares. Veritex Holdings Inc shares valued at $727,761 were divested by the Director at a price of $30.29 per share.
Keefe Bruyette downgraded its Veritex Holdings Inc [VBTX] rating to a Mkt perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Raymond James’s analysts, who increased its forecast for the stock in mid September from “a Mkt perform” to “a Strong buy”. Hovde Group also remained covering VBTX and has decreased its forecast on July 05, 2023 with a “Market perform” recommendation from previously “an Outperform” rating. Raymond James revised its rating on January 05, 2023. It rated VBTX as “a Mkt perform” which previously was an “an Outperform”.
Price Performance Review of VBTX
On Monday, Veritex Holdings Inc [NASDAQ:VBTX] saw its stock jump 3.96% to $31.26. Over the last five days, the stock has gained 7.24%. Veritex Holdings Inc shares have risen nearly 34.34% since the year began. Nevertheless, the stocks have risen 62.64% over the past one year. While a 52-week high of $30.86 was reached on 11/25/24, a 52-week low of $18.08 was recorded on 03/14/24. SMA at 50 days reached $27.32, while 200 days put it at $22.76.
Levels Of Support And Resistance For VBTX Stock
The 24-hour chart illustrates a support level at 30.39, which if violated will result in even more drops to 29.51. On the upside, there is a resistance level at 31.88. A further resistance level may holdings at 32.49. The Relative Strength Index (RSI) on the 14-day chart is 69.29, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.48, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 11.76%. Stochastics %K at 79.16% indicates the stock is a holding.
How much short interest is there in Veritex Holdings Inc?
A steep rise in short interest was recorded in Veritex Holdings Inc stocks on 2024-10-31, dropping by -0.26 million shares to a total of 1.21 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 1.47 million shares. There was a decline of -21.24%, which implies that there is a negative sentiment for the stock.
