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Insider Selling: Liang Stephen, Vertiv Holdings Co [VRT] Chief Technology Officer & EVP divested 86,619 shares

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Vertiv Holdings Co shares valued at $11,352,915 were sold by Liang Stephen on Nov 26 ’24. At $131.07 per share, Liang Stephen sold 86,619 shares. The insider’s holdings dropped to 19,551 shares worth approximately $2.48 million following the completion of this transaction.

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Also, Liang Stephen purchased 86,619 shares, netting a total of over 12,139,653 in proceeds.

Before that, DOKKUM JAN VAN had sold 38,647 shares from its account. In a trade valued at $5,271,103, the Director traded Vertiv Holdings Co shares for $136.39 each. Upon closing the transaction, the insider’s holdings decreased to 38,647 shares, worth approximately $3.17 million.

As published in their initiating research note from UBS on November 13, 2024, Vertiv Holdings Co [VRT] has been a Buy and the price target has been revised to $155. Analysts at Jefferies started covering the stock with ‘”a Buy”‘ outlook in a report released in early October. As of August 07, 2024, Mizuho has increased its “Neutral” rating to a “an Outperform” for VRT. Earlier on April 05, 2024, Oppenheimer initiated its rating. Their recommendation was “an Outperform” for VRT stock.

Analyzing VRT Stock Performance

During the last five days, there has been a drop of approximately -7.71%. Over the course of the year, Vertiv Holdings Co shares have jumped approximately 164.29%. Shares of the company reached a 52-week high of $145.67 on 11/21/24 and a 52-week low of $44.31 on 01/03/24. A 50-day SMA is recorded $113.51, while a 200-day SMA reached $90.75. Nevertheless, trading volume fell to 7.37 million shares from 10.64 million shares the previous day.

Support And Resistance Levels for Vertiv Holdings Co (VRT)

According to the 24-hour chart, there is a support level at 124.08, which, if violated, would cause prices to drop to 121.23. In the upper region, resistance lies at 130.23. The next price resistance is at 133.53. RSI (Relative Strength Index) is 54.28 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.48, which suggests the price will decrease in the coming days. Percent R is at 69.29%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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