Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Vimeo Inc shares valued at $250,400 were purchased by Gross Adam on Aug 12 ’24. At $5.01 per share, Gross Adam acquired 50,000 shares. The insider’s holdings grew to 282,247 shares worth approximately $1.96 million following the completion of this transaction.
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Also, Schiffman Glenn purchased 20,000 shares, netting a total of over 95,100 in proceeds. Following the buying of shares at $4.75 each, the insider now holds 367,404 shares.
Before that, Munson Gillian had added 4,348 shares to its account. In a trade valued at $20,131, the Chief Financial Officer bought Vimeo Inc shares for $4.63 each. Upon closing the transaction, the insider’s holdings increased to 4,348 shares, worth approximately $7.24 million.
As published in a research note from Piper Sandler on December 10, 2024, Vimeo Inc [VMEO] has been rated up from a Neutral to an Overweight and the price target has been revised to $10 from $7. Analysts at Jefferies downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early January. As of May 06, 2022, Piper Sandler has decreased its “an Overweight” rating to a “Neutral” for VMEO. Earlier on December 15, 2021, JP Morgan resumed its rating. Their recommendation was “a Neutral” for VMEO stock.
Analyzing VMEO Stock Performance
During the last five days, there has been a surge of approximately 1.74%. Over the course of the year, Vimeo Inc shares have jumped approximately 78.83%. Shares of the company reached a 52-week high of $7.90 on 12/10/24 and a 52-week low of $3.43 on 04/25/24. A 50-day SMA is recorded $6.20, while a 200-day SMA reached $4.77. Nevertheless, trading volume fell to 0.83 million shares from 2.12 million shares the previous day.
Support And Resistance Levels for Vimeo Inc (VMEO)
According to the 24-hour chart, there is a support level at 6.80, which, if violated, would cause prices to drop to 6.65. In the upper region, resistance lies at 7.06. The next price resistance is at 7.17. RSI (Relative Strength Index) is 58.27 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.07, which suggests the price will decrease in the coming days. Percent R is at 55.95%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.