Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Virtu Financial Inc shares valued at $147,420 were sold by Gambale Virginia on Aug 05 ’24. At $27.30 per share, Gambale Virginia sold 5,400 shares. The insider’s holdings dropped to 24,122 shares worth approximately $0.84 million following the completion of this transaction.
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Also, Gambale Virginia purchased 5,400 shares, netting a total of over 147,420 in proceeds.
Before that, Cifu Douglas A had added 50,000 shares to its account. In a trade valued at $810,410, the Chief Executive Officer bought Virtu Financial Inc shares for $16.21 each. Upon closing the transaction, the insider’s holdings increased to 50,000 shares, worth approximately $20.29 million.
As published in their initiating research note from BofA Securities on November 28, 2023, Virtu Financial Inc [VIRT] has been a Buy and the price target has been revised to $20. Analysts at Citigroup upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid September. As of April 11, 2023, Morgan Stanley has increased its “an Underweight” rating to a “an Equal-weight” for VIRT. Earlier on January 12, 2023, Citigroup downgraded its rating. Their new recommendation was “a Neutral” for VIRT stock which previously was a “a Buy”.
Analyzing VIRT Stock Performance
During the last five days, there has been a drop of approximately -5.57%. Over the course of the year, Virtu Financial Inc shares have jumped approximately 71.47%. Shares of the company reached a 52-week high of $38.45 on 11/27/24 and a 52-week low of $16.02 on 02/07/24. A 50-day SMA is recorded $34.51, while a 200-day SMA reached $27.38. Nevertheless, trading volume fell to 0.83 million shares from 1.29 million shares the previous day.
Support And Resistance Levels for Virtu Financial Inc (VIRT)
According to the 24-hour chart, there is a support level at 34.17, which, if violated, would cause prices to drop to 33.60. In the upper region, resistance lies at 35.84. The next price resistance is at 36.94. RSI (Relative Strength Index) is 41.75 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.78, which suggests the price will decrease in the coming days. Percent R is at 98.87%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
