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A company insider recently sold 12,880 shares of Verint Systems, Inc [VRNT]. Should You Sale?

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Verint Systems, Inc shares valued at $376,740 were sold by Highlander Grant A on Dec 18 ’24. At $29.25 per share, Highlander Grant A sold 12,880 shares. The insider’s holdings dropped to 117,137 shares worth approximately $3.2 million following the completion of this transaction.

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Also, FANTE PETER purchased 16,233 shares, netting a total of over 446,408 in proceeds.

Before that, MORIAH ELAN had added 35,556 shares to its account. In a trade valued at $988,457, the Officer bought Verint Systems, Inc shares for $27.80 each.

As published in a research note from Oppenheimer on September 07, 2023, Verint Systems, Inc [VRNT] has been rated down from an Outperform to a Perform. Analysts at Evercore ISI downgraded the stock from ‘”an Outperform”‘ to ‘”an In-line”‘ outlook in a report released in early September. As of January 05, 2023, Jefferies has decreased its “Buy” rating to a “Hold” for VRNT. Earlier on April 12, 2022, Goldman downgraded its rating. Their new recommendation was “a Neutral” for VRNT stock which previously was a “a Buy”.

Analyzing VRNT Stock Performance

During the last five days, there has been a drop of approximately -9.90%. Over the course of the year, Verint Systems, Inc shares have jumped approximately 0.96%. Shares of the company reached a 52-week high of $38.17 on 06/12/24 and a 52-week low of $21.27 on 11/04/24. A 50-day SMA is recorded $24.80, while a 200-day SMA reached $29.41. Nevertheless, trading volume fell to 0.73 million shares from 1.26 million shares the previous day.

Support And Resistance Levels for Verint Systems, Inc (VRNT)

According to the 24-hour chart, there is a support level at 26.78, which, if violated, would cause prices to drop to 26.28. In the upper region, resistance lies at 28.21. The next price resistance is at 29.14. RSI (Relative Strength Index) is 50.84 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.40, which suggests the price will decrease in the coming days. Percent R is at 68.46%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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