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. i3 Verticals Inc shares valued at $444,320 were sold by STANFORD FREDERICK on Nov 27 ’24. At $25.28 per share, STANFORD FREDERICK sold 17,577 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, STANFORD FREDERICK purchased 17,577 shares, netting a total of over 446,064 in proceeds.
Before that, DAILY GREGORY S had added 48,544 shares to its account. In a trade valued at $1,141,269, the Chief Executive Officer bought i3 Verticals Inc shares for $23.51 each. Upon closing the transaction, the insider’s holdings increased to 48,544 shares, worth approximately $1.09 million.
As published in their initiating research note from The Benchmark Company on February 23, 2024, i3 Verticals Inc [IIIV] has been a Buy and the price target has been revised to $28. Analysts at BMO Capital Markets started covering the stock with ‘”a Market perform”‘ outlook in a report released in early December. As of July 11, 2023, Berenberg has initiated its “Buy” rating for IIIV.
Analyzing IIIV Stock Performance
During the last five days, there has been a drop of approximately -4.80%. Over the course of the year, i3 Verticals Inc shares have jumped approximately 5.90%. Shares of the company reached a 52-week high of $26.66 on 11/27/24 and a 52-week low of $17.54 on 02/09/24. A 50-day SMA is recorded $23.64, while a 200-day SMA reached $22.28. Nevertheless, trading volume fell to 0.81 million shares from 0.27 million shares the previous day.
Support And Resistance Levels for i3 Verticals Inc (IIIV)
According to the 24-hour chart, there is a support level at 21.98, which, if violated, would cause prices to drop to 21.55. In the upper region, resistance lies at 23.07. The next price resistance is at 23.73. RSI (Relative Strength Index) is 37.68 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.06, which suggests the price will decrease in the coming days. Percent R is at 93.07%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
