Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Veeco Instruments Inc shares valued at $69,075 were sold by KIERNAN JOHN P on Jan 10 ’25. At $27.63 per share, KIERNAN JOHN P sold 2,500 shares. The insider’s holdings dropped to 75,142 shares worth approximately $2.03 million following the completion of this transaction.
Also, KIERNAN JOHN P purchased 2,500 shares, netting a total of over 69,016 in proceeds.
Before that, KIERNAN JOHN P had sold 2,500 shares from its account. In a trade valued at $72,000, the SVP & CHIEF FINANCIAL OFFICER traded Veeco Instruments Inc shares for $28.80 each. Upon closing the transaction, the insider’s holdings decreased to 2,500 shares, worth approximately $2.09 million.
As published in a research note from Citigroup on January 06, 2025, Veeco Instruments Inc [VECO] has been rated up from a Neutral to a Buy and the price target has been revised to $33. Analysts at Citigroup downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid July. As of September 13, 2023, Citigroup has initiated its “Buy” rating for VECO. Earlier on September 01, 2023, Needham initiated its rating. Their recommendation was “a Buy” for VECO stock.
Analyzing VECO Stock Performance
During the last five days, there has been a surge of approximately 2.74%. Over the course of the year, Veeco Instruments Inc shares have jumped approximately 0.63%. Shares of the company reached a 52-week high of $29.33 on 01/07/25 and a 52-week low of $25.56 on 01/14/25. A 50-day SMA is recorded $27.56, while a 200-day SMA reached $34.80. Nevertheless, trading volume fell to 0.88 million shares from 0.6 million shares the previous day.
Support And Resistance Levels for Veeco Instruments Inc (VECO)
According to the 24-hour chart, there is a support level at 26.71, which, if violated, would cause prices to drop to 26.45. In the upper region, resistance lies at 27.32. The next price resistance is at 27.67. RSI (Relative Strength Index) is 46.08 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.02, which suggests the price will decrease in the coming days. Percent R is at 62.60%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
