Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Veritone Inc shares valued at $1,269,212 were sold by Steelberg Chad on Dec 13 ’24. At $2.52 per share, Steelberg Chad sold 504,657 shares. The insider’s holdings dropped to 31,861 shares worth approximately $80608.32999999999 following the completion of this transaction.
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As published in a research note from UBS on October 30, 2024, Veritone Inc [VERI] has been rated up from a Sell to a Neutral and the price target has been revised to $3.50. Analysts at UBS started covering the stock with ‘”a Neutral”‘ outlook in a report released in late October. As of February 01, 2024, ROTH MKM has increased its “Sell” rating to a “Neutral” for VERI. Earlier on August 09, 2023, ROTH MKM downgraded its rating. Their new recommendation was “a Sell” for VERI stock which previously was a “a Neutral”.
Analyzing VERI Stock Performance
During the last five days, there has been a surge of approximately 7.59%. Over the course of the year, Veritone Inc shares have jumped approximately 40.88%. Shares of the company reached a 52-week high of $7.76 on 04/04/24 and a 52-week low of $1.48 on 01/09/24. A 50-day SMA is recorded $3.06, while a 200-day SMA reached $3.32. Nevertheless, trading volume fell to 0.76 million shares from 0.46 million shares the previous day.
Support And Resistance Levels for Veritone Inc (VERI)
According to the 24-hour chart, there is a support level at 2.38, which, if violated, would cause prices to drop to 2.23. In the upper region, resistance lies at 2.62. The next price resistance is at 2.70. RSI (Relative Strength Index) is 46.89 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.08, which suggests the price will decrease in the coming days. Percent R is at 45.95%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
