Veritex Holdings Inc’s recently made public that its Director Sughrue John unloaded Company’s shares for reported $0.51 million on Nov 11 ’24. In the deal valued at $30.25 per share,16,820 shares were sold. As a result of this transaction, Sughrue John now holds 62,643 shares worth roughly $1.55 million.
Then, Sughrue John sold 7,353 shares, generating $223,486 in total proceeds. Upon selling the shares at $30.39, the Director now owns 0 shares.
Before that, Sughrue John bought 24,028 shares. Veritex Holdings Inc shares valued at $727,761 were divested by the Director at a price of $30.29 per share.
Keefe Bruyette downgraded its Veritex Holdings Inc [VBTX] rating to a Mkt perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Raymond James’s analysts, who increased its forecast for the stock in mid September from “a Mkt perform” to “a Strong buy”. Hovde Group also remained covering VBTX and has decreased its forecast on July 05, 2023 with a “Market perform” recommendation from previously “an Outperform” rating. Raymond James revised its rating on January 05, 2023. It rated VBTX as “a Mkt perform” which previously was an “an Outperform”.
Price Performance Review of VBTX
On Monday, Veritex Holdings Inc [NASDAQ:VBTX] saw its stock jump 1.55% to $24.82. Over the last five days, the stock has lost -7.04%. Veritex Holdings Inc shares have fallen nearly -8.62% since the year began. Nevertheless, the stocks have risen 10.51% over the past one year. While a 52-week high of $31.62 was reached on 01/02/25, a 52-week low of $18.08 was recorded on 01/13/25. SMA at 50 days reached $28.59, while 200 days put it at $24.08.
Levels Of Support And Resistance For VBTX Stock
The 24-hour chart illustrates a support level at 24.34, which if violated will result in even more drops to 23.85. On the upside, there is a resistance level at 25.09. A further resistance level may holdings at 25.36. The Relative Strength Index (RSI) on the 14-day chart is 29.78, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.68, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.78%. Stochastics %K at 8.20% indicates the stock is a buying.
How much short interest is there in Veritex Holdings Inc?
A steep rise in short interest was recorded in Veritex Holdings Inc stocks on 2024-12-31, growing by 90435.0 shares to a total of 1.78 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 1.69 million shares. There was a rise of 5.08%, which implies that there is a positive sentiment for the stock.
