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. Veeva Systems Inc shares valued at $390,128 were purchased by Faddis Jonathan on Dec 04 ’24. At $230.30 per share, Faddis Jonathan acquired 1,694 shares.
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Also, Schwenger Thomas D. sold 1,126 shares, netting a total of over 270,252 in proceeds. Following the sale of shares at $240.01 each, the insider now holds 27,013 shares.
Before that, Schwenger Thomas D. had added 1,126 shares to its account. In a trade valued at $270,252, the Director bought Veeva Systems Inc shares for $240.01 each.
As published in their initiating research note from Mizuho on December 04, 2024, Veeva Systems Inc [VEEV] has been an Outperform and the price target has been revised to $275. Analysts at Scotiabank started covering the stock with ‘”a Sector perform”‘ outlook in a report released in mid November. As of October 08, 2024, Exane BNP Paribas has initiated its “an Outperform” rating for VEEV. Earlier on August 27, 2024, Citigroup resumed its rating. Their recommendation was “a Buy” for VEEV stock.
Analyzing VEEV Stock Performance
During the last five days, there has been a surge of approximately 4.79%. Over the course of the year, Veeva Systems Inc shares have jumped approximately 23.49%. Shares of the company reached a 52-week high of $240.68 on 11/08/24 and a 52-week low of $170.25 on 05/31/24. A 50-day SMA is recorded $216.63, while a 200-day SMA reached $206.46. Nevertheless, trading volume fell to 1.72 million shares from 1.04 million shares the previous day.
Support And Resistance Levels for Veeva Systems Inc (VEEV)
According to the 24-hour chart, there is a support level at 231.63, which, if violated, would cause prices to drop to 225.51. In the upper region, resistance lies at 241.04. The next price resistance is at 244.33. RSI (Relative Strength Index) is 67.33 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 8.52, which suggests the price will increase in the coming days. Percent R is at 1.56%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
