The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Valmont Industries, Inc shares valued at $338,780 were sold by den Daas Kaj on Nov 18 ’24. At $338.78 per share, den Daas Kaj sold 1,000 shares. The insider’s holdings dropped to 8,644 shares worth approximately $3.04 million following the completion of this transaction.
Also, Kaj den Daas purchased 1,000 shares, netting a total of over 338,780 in proceeds.
Before that, Donahue John Timothy had sold 2,252 shares from its account. In a trade valued at $782,690, the Group President Infrastructure traded Valmont Industries, Inc shares for $347.55 each. Upon closing the transaction, the insider’s holdings decreased to 2,252 shares, worth approximately $4.74 million.
As published in a research note from DA Davidson on January 10, 2024, Valmont Industries, Inc [VMI] has been rated up from a Neutral to a Buy and the price target has been revised to $290 from $230. Analysts at Northcoast downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late October. As of July 15, 2022, Northcoast has initiated its “Buy” rating for VMI. Earlier on June 03, 2022, ROTH Capital initiated its rating. Their recommendation was “a Buy” for VMI stock.
Analyzing VMI Stock Performance
During the last five days, there has been a surge of approximately 3.50%. Over the course of the year, Valmont Industries, Inc shares have jumped approximately 50.80%. Shares of the company reached a 52-week high of $354.13 on 11/27/24 and a 52-week low of $202.01 on 05/01/24. A 50-day SMA is recorded $314.91, while a 200-day SMA reached $267.43. Nevertheless, trading volume fell to 89720.0 shares from 0.14 million shares the previous day.
Support And Resistance Levels for Valmont Industries, Inc (VMI)
According to the 24-hour chart, there is a support level at 350.95, which, if violated, would cause prices to drop to 349.76. In the upper region, resistance lies at 353.73. The next price resistance is at 355.32. RSI (Relative Strength Index) is 68.64 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 7.93, which suggests the price will increase in the coming days. Percent R is at 9.12%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
