Veeco Instruments Inc’s recently made public that its Officer KIERNAN JOHN P acquired Company’s shares for reported $69016.0 on Jan 10 ’25. In the deal valued at $27.61 per share,2,500 shares were bought.
Then, KIERNAN JOHN P sold 2,500 shares, generating $72,000 in total proceeds. Upon selling the shares at $28.80, the SVP & CHIEF FINANCIAL OFFICER now owns 77,642 shares.
Before that, KIERNAN JOHN P bought 2,500 shares. Veeco Instruments Inc shares valued at $71,941 were divested by the Officer at a price of $28.78 per share.
Citigroup upgraded its Veeco Instruments Inc [VECO] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Citigroup’s analysts, who decreased its forecast for the stock in mid July from “a Buy” to “a Neutral”. Citigroup began covering VECO with “Buy” recommendation on September 13, 2023. Needham started covering the stock on September 01, 2023. It rated VECO as “a Buy”.
Price Performance Review of VECO
On Friday, Veeco Instruments Inc [NASDAQ:VECO] saw its stock fall -5.19% to $26.69. Over the last five days, the stock has lost -1.15%. Veeco Instruments Inc shares have fallen nearly -0.41% since the year began. Nevertheless, the stocks have fallen -6.09% over the past one year. While a 52-week high of $49.25 was reached on 01/07/25, a 52-week low of $25.52 was recorded on 01/10/25. SMA at 50 days reached $27.92, while 200 days put it at $35.08.
Levels Of Support And Resistance For VECO Stock
The 24-hour chart illustrates a support level at 26.25, which if violated will result in even more drops to 25.80. On the upside, there is a resistance level at 27.41. A further resistance level may holdings at 28.12. The Relative Strength Index (RSI) on the 14-day chart is 41.83, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.28, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.78%. Stochastics %K at 29.64% indicates the stock is a holding.
How much short interest is there in Veeco Instruments Inc?
A steep rise in short interest was recorded in Veeco Instruments Inc stocks on 2024-12-13, growing by 0.16 million shares to a total of 5.25 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 5.09 million shares. There was a rise of 3.08%, which implies that there is a positive sentiment for the stock.
