As this happened, Raymond James initiated its Veren Inc [VRN] rating to a Strong buy in a research note published recently. A number of analysts have revised their coverage, including Canaccord Genuity’s analysts, who began to cover the stock in late July with a ‘”a Buy”‘ rating. Scotiabank also remained covering VRN and has increased its forecast on June 08, 2022 with a “Sector outperform” recommendation from previously “Sector perform” rating. RBC Capital Mkts revised its rating on June 10, 2021. It rated VRN as “an Outperform” which previously was an “a Sector perform”.
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Price Performance Review of VRN
On Tuesday, Veren Inc [NYSE:VRN] saw its stock fall -0.80% to $4.95. Over the last five days, the stock has lost -5.53%. Veren Inc shares have fallen nearly -28.57% since the year began. Nevertheless, the stocks have fallen -27.21% over the past one year. While a 52-week high of $9.28 was reached on 04/29/24, a 52-week low of $4.90 was recorded on 11/01/24. SMA at 50 days reached $5.68, while 200 days put it at $7.24.
Levels Of Support And Resistance For VRN Stock
The 24-hour chart illustrates a support level at 4.91, which if violated will result in even more drops to 4.87. On the upside, there is a resistance level at 5.00. A further resistance level may holdings at 5.05. The Relative Strength Index (RSI) on the 14-day chart is 34.14, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.23, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.20%. Stochastics %K at 5.02% indicates the stock is a buying.
How much short interest is there in Veren Inc?
A steep rise in short interest was recorded in Veren Inc stocks on 2024-11-29, dropping by -0.74 million shares to a total of 15.11 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 15.85 million shares. There was a decline of -4.88%, which implies that there is a negative sentiment for the stock.
