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. i3 Verticals Inc shares valued at $446,064 were purchased by STANFORD FREDERICK on Nov 27 ’24. At $25.38 per share, STANFORD FREDERICK acquired 17,577 shares.
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Also, DAILY GREGORY S purchased 48,544 shares, netting a total of over 1,141,269 in proceeds. Following the buying of shares at $23.51 each, the insider now holds 48,544 shares.
Before that, DAILY GREGORY S had added 40,000 shares to its account. In a trade valued at $962,400, the Chief Executive Officer bought i3 Verticals Inc shares for $24.06 each. Upon closing the transaction, the insider’s holdings increased to 40,000 shares, worth approximately $2.2 million.
As published in their initiating research note from The Benchmark Company on February 23, 2024, i3 Verticals Inc [IIIV] has been a Buy and the price target has been revised to $28. Analysts at BMO Capital Markets started covering the stock with ‘”a Market perform”‘ outlook in a report released in early December. As of July 11, 2023, Berenberg has initiated its “Buy” rating for IIIV.
Analyzing IIIV Stock Performance
During the last five days, there has been a surge of approximately 3.11%. Over the course of the year, i3 Verticals Inc shares have jumped approximately 17.43%. Shares of the company reached a 52-week high of $26.66 on 11/27/24 and a 52-week low of $17.54 on 02/09/24. A 50-day SMA is recorded $23.12, while a 200-day SMA reached $22.13. Nevertheless, trading volume fell to 0.49 million shares from 0.32 million shares the previous day.
Support And Resistance Levels for i3 Verticals Inc (IIIV)
According to the 24-hour chart, there is a support level at 24.07, which, if violated, would cause prices to drop to 23.29. In the upper region, resistance lies at 26.15. The next price resistance is at 27.45. RSI (Relative Strength Index) is 57.81 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.32, which suggests the price will decrease in the coming days. Percent R is at 48.45%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
