Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Veralto Corp shares valued at $21,756 were sold by Skeete Bernard M on Nov 26 ’24. At $108.78 per share, Skeete Bernard M sold 200 shares. The insider’s holdings dropped to 3,483 shares worth approximately $0.35 million following the completion of this transaction.
Also, Trivedi Surekha sold 752 shares, netting a total of over 77,388 in proceeds. Following the sale of shares at $102.91 each, the insider now holds 10,413 shares.
Before that, Trivedi Surekha had added 752 shares to its account. In a trade valued at $77,388, the Officer bought Veralto Corp shares for $102.91 each.
As published in their initiating research note from Jefferies on December 12, 2024, Veralto Corp [VLTO] has been a Buy and the price target has been revised to $125. Analysts at UBS started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid August. As of June 17, 2024, TD Cowen has initiated its “Hold” rating for VLTO. Earlier on March 22, 2024, Goldman initiated its rating. Their recommendation was “a Buy” for VLTO stock.
Analyzing VLTO Stock Performance
During the last five days, there has been a drop of approximately -2.80%. Over the course of the year, Veralto Corp shares have dropped approximately -1.24%. Shares of the company reached a 52-week high of $102.55 on 01/02/25 and a 52-week low of $100.15 on 01/02/25. A 50-day SMA is recorded $104.71, while a 200-day SMA reached $102.10. Nevertheless, trading volume fell to 0.72 million shares from 0.52 million shares the previous day.
Support And Resistance Levels for Veralto Corp (VLTO)
According to the 24-hour chart, there is a support level at 99.64, which, if violated, would cause prices to drop to 98.70. In the upper region, resistance lies at 102.04. The next price resistance is at 103.50. RSI (Relative Strength Index) is 35.76 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.54, which suggests the price will decrease in the coming days. Percent R is at 91.01%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
