Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Verisk Analytics Inc shares valued at $57,298 were sold by Mann Elizabeth on Nov 15 ’24. At $286.49 per share, Mann Elizabeth sold 200 shares. The insider’s holdings dropped to 15,608 shares worth approximately $4.6 million following the completion of this transaction.
Also, Shavel Lee sold 1,000 shares, netting a total of over 286,490 in proceeds. Following the sale of shares at $286.49 each, the insider now holds 54,163 shares.
Before that, Shavel Lee had sold 1,000 shares from its account. In a trade valued at $280,710, the Chief Executive Officer traded Verisk Analytics Inc shares for $280.71 each. Upon closing the transaction, the insider’s holdings decreased to 1,000 shares, worth approximately $15.66 million.
Analysts at Wells Fargo started covering the stock with ‘”an Overweight”‘ outlook in a report released in mid August. As of January 08, 2024, BofA Securities has decreased its “Buy” rating to a “Neutral” for VRSK. Earlier on December 08, 2023, Deutsche Bank downgraded its rating. Their new recommendation was “a Hold” for VRSK stock which previously was a “a Buy”.
Analyzing VRSK Stock Performance
During the last five days, there has been a surge of approximately 3.65%. Over the course of the year, Verisk Analytics Inc shares have jumped approximately 23.32%. Shares of the company reached a 52-week high of $296.58 on 11/27/24 and a 52-week low of $217.34 on 04/30/24. A 50-day SMA is recorded $274.26, while a 200-day SMA reached $258.65. Nevertheless, trading volume fell to 0.39 million shares from 0.71 million shares the previous day.
Support And Resistance Levels for Verisk Analytics Inc (VRSK)
According to the 24-hour chart, there is a support level at 293.06, which, if violated, would cause prices to drop to 291.56. In the upper region, resistance lies at 296.32. The next price resistance is at 298.08. RSI (Relative Strength Index) is 71.86 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 6.45, which suggests the price will increase in the coming days. Percent R is at 11.67%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
