Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Veritex Holdings Inc shares valued at $508,819 were sold by Sughrue John on Nov 11 ’24. At $30.25 per share, Sughrue John sold 16,820 shares. The insider’s holdings dropped to 62,643 shares worth approximately $1.68 million following the completion of this transaction.
Also, Sughrue John sold 7,353 shares, netting a total of over 223,486 in proceeds. Following the sale of shares at $30.39 each, the insider now holds 0 shares.
Before that, Sughrue John had added 24,028 shares to its account. In a trade valued at $727,761, the Director bought Veritex Holdings Inc shares for $30.29 each.
As published in a research note from Keefe Bruyette on October 24, 2024, Veritex Holdings Inc [VBTX] has been rated down from an Outperform to a Mkt perform. Analysts at Raymond James upgraded the stock from ‘”a Mkt perform”‘ to ‘”a Strong buy”‘ outlook in a report released in mid September. As of July 05, 2023, Hovde Group has decreased its “an Outperform” rating to a “Market perform” for VBTX. Earlier on January 05, 2023, Raymond James downgraded its rating. Their new recommendation was “a Mkt perform” for VBTX stock which previously was a “an Outperform”.
Analyzing VBTX Stock Performance
During the last five days, there has been a surge of approximately 1.21%. Over the course of the year, Veritex Holdings Inc shares have dropped approximately -1.51%. Shares of the company reached a 52-week high of $27.53 on 01/02/25 and a 52-week low of $24.13 on 01/13/25. A 50-day SMA is recorded $28.13, while a 200-day SMA reached $24.44. Nevertheless, trading volume fell to 1.0 million shares from 0.41 million shares the previous day.
Support And Resistance Levels for Veritex Holdings Inc (VBTX)
According to the 24-hour chart, there is a support level at 25.13, which, if violated, would cause prices to drop to 23.50. In the upper region, resistance lies at 27.60. The next price resistance is at 28.44. RSI (Relative Strength Index) is 48.52 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.62, which suggests the price will decrease in the coming days. Percent R is at 13.59%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
