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UBS initates Vertiv Holdings Co (VRT) rating to a Buy

Vertiv Holdings Co’s recently made public that its Officer Karlborg Anders acquired Company’s shares for reported $5.07 million on Dec 02 ’24. In the deal valued at $128.98 per share,39,339 shares were bought.

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Then, Liang Stephen sold 86,619 shares, generating $11,352,915 in total proceeds. Upon selling the shares at $131.07, the Chief Technology Officer & EVP now owns 19,551 shares.

Before that, Liang Stephen bought 86,619 shares. Vertiv Holdings Co shares valued at $12,139,653 were divested by the Officer at a price of $140.15 per share.

UBS initiated its Vertiv Holdings Co [VRT] rating to a Buy in a research note published on November 13, 2024; the price target was $155. A number of analysts have revised their coverage, including Jefferies’s analysts, who began to cover the stock in early October with a ‘”a Buy”‘ rating. Mizuho also remained covering VRT and has increased its forecast on August 07, 2024 with a “an Outperform” recommendation from previously “Neutral” rating. Oppenheimer started covering the stock on April 05, 2024. It rated VRT as “an Outperform”.

Price Performance Review of VRT

On Monday, Vertiv Holdings Co [NYSE:VRT] saw its stock fall -0.43% to $127.05. Over the last five days, the stock has lost -9.35%. Vertiv Holdings Co shares have risen nearly 164.52% since the year began. Nevertheless, the stocks have risen 191.00% over the past one year. While a 52-week high of $145.67 was reached on 11/21/24, a 52-week low of $42.50 was recorded on 01/03/24. SMA at 50 days reached $114.87, while 200 days put it at $91.39.

Levels Of Support And Resistance For VRT Stock

The 24-hour chart illustrates a support level at 123.40, which if violated will result in even more drops to 119.76. On the upside, there is a resistance level at 131.34. A further resistance level may holdings at 135.64. The Relative Strength Index (RSI) on the 14-day chart is 54.24, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.71, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 68.89%. Stochastics %K at 31.66% indicates the stock is a holding.

How much short interest is there in Vertiv Holdings Co?

A steep rise in short interest was recorded in Vertiv Holdings Co stocks on 2024-11-15, dropping by -1.36 million shares to a total of 16.66 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 18.02 million shares. There was a decline of -8.14%, which implies that there is a negative sentiment for the stock.

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