Valmont Industries, Inc’s recently made public that its Director BAY MOGENS C unloaded Company’s shares for reported $6.98 million on Dec 02 ’24. In the deal valued at $348.92 per share,20,000 shares were sold. As a result of this transaction, BAY MOGENS C now holds 131,730 shares worth roughly $40.6 million.
Then, CYNTHIA M. BAY AND MOGENS C. B bought 20,000 shares, generating $6,978,406 in total proceeds.
Before that, den Daas Kaj sold 1,000 shares. Valmont Industries, Inc shares valued at $338,780 were divested by the Director at a price of $338.78 per share. As a result of the transaction, den Daas Kaj now holds 8,644 shares, worth roughly $2.66 million.
DA Davidson upgraded its Valmont Industries, Inc [VMI] rating to a Buy from a a Neutral in a research note published on January 10, 2024; the price target was increased to $290 from $230. A number of analysts have revised their coverage, including Northcoast’s analysts, who decreased its forecast for the stock in late October from “a Buy” to “a Neutral”. Northcoast began covering VMI with “Buy” recommendation on July 15, 2022. ROTH Capital started covering the stock on June 03, 2022. It rated VMI as “a Buy”.
Price Performance Review of VMI
On Friday, Valmont Industries, Inc [NYSE:VMI] saw its stock jump 0.69% to $308.21. Over the last five days, the stock has lost -5.98%. Valmont Industries, Inc shares have risen nearly 31.99% since the year began. Nevertheless, the stocks have risen 35.80% over the past one year. While a 52-week high of $354.13 was reached on 11/27/24, a 52-week low of $202.01 was recorded on 05/01/24. SMA at 50 days reached $328.94, while 200 days put it at $276.61.
Levels Of Support And Resistance For VMI Stock
The 24-hour chart illustrates a support level at 303.19, which if violated will result in even more drops to 298.17. On the upside, there is a resistance level at 311.97. A further resistance level may holdings at 315.73. The Relative Strength Index (RSI) on the 14-day chart is 30.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -21.32, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.29%. Stochastics %K at 5.51% indicates the stock is a buying.
How much short interest is there in Valmont Industries, Inc?
A steep rise in short interest was recorded in Valmont Industries, Inc stocks on 2024-11-29, dropping by 53325.0 shares to a total of 0.23 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 0.29 million shares. There was a decline of -22.93%, which implies that there is a negative sentiment for the stock.
