Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Valmont Industries, Inc shares valued at $6,978,405 were sold by BAY MOGENS C on Dec 02 ’24. At $348.92 per share, BAY MOGENS C sold 20,000 shares. The insider’s holdings dropped to 131,730 shares worth approximately $40.51 million following the completion of this transaction.
Also, CYNTHIA M. BAY AND MOGENS C. B purchased 20,000 shares, netting a total of over 6,978,406 in proceeds.
Before that, den Daas Kaj had sold 1,000 shares from its account. In a trade valued at $338,780, the Director traded Valmont Industries, Inc shares for $338.78 each. Upon closing the transaction, the insider’s holdings decreased to 1,000 shares, worth approximately $2.66 million.
As published in a research note from DA Davidson on January 10, 2024, Valmont Industries, Inc [VMI] has been rated up from a Neutral to a Buy and the price target has been revised to $290 from $230. Analysts at Northcoast downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late October. As of July 15, 2022, Northcoast has initiated its “Buy” rating for VMI. Earlier on June 03, 2022, ROTH Capital initiated its rating. Their recommendation was “a Buy” for VMI stock.
Analyzing VMI Stock Performance
During the last five days, there has been a surge of approximately 0.27%. Over the course of the year, Valmont Industries, Inc shares have jumped approximately 0.27%. Shares of the company reached a 52-week high of $315.90 on 01/06/25 and a 52-week low of $303.60 on 01/08/25. A 50-day SMA is recorded $328.79, while a 200-day SMA reached $281.69. Nevertheless, trading volume fell to 0.19 million shares from 75000.0 shares the previous day.
Support And Resistance Levels for Valmont Industries, Inc (VMI)
According to the 24-hour chart, there is a support level at 304.90, which, if violated, would cause prices to drop to 302.29. In the upper region, resistance lies at 308.82. The next price resistance is at 310.13. RSI (Relative Strength Index) is 36.38 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.42, which suggests the price will decrease in the coming days. Percent R is at 78.46%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
