Veeco Instruments Inc’s recently made public that its SVP & CHIEF FINANCIAL OFFICER KIERNAN JOHN P unloaded Company’s shares for reported $61275.0 on Feb 10 ’25. In the deal valued at $24.51 per share,2,500 shares were sold. As a result of this transaction, KIERNAN JOHN P now holds 72,642 shares worth roughly $1.72 million.
Then, KIERNAN JOHN P bought 2,500 shares, generating $61,216 in total proceeds.
Before that, KIERNAN JOHN P sold 2,500 shares. Veeco Instruments Inc shares valued at $69,075 were divested by the SVP & CHIEF FINANCIAL OFFICER at a price of $27.63 per share. As a result of the transaction, KIERNAN JOHN P now holds 75,142 shares, worth roughly $1.78 million.
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 Tuesday, Veeco Instruments Inc [NASDAQ:VECO] saw its stock fall -3.82% to $23.68. Over the last five days, the stock has lost -6.73%. Veeco Instruments Inc shares have fallen nearly -11.64% since the year began. Nevertheless, the stocks have fallen -27.63% over the past one year. While a 52-week high of $49.25 was reached on 01/07/25, a 52-week low of $23.24 was recorded on 01/28/25. SMA at 50 days reached $26.91, while 200 days put it at $34.10.
Levels Of Support And Resistance For VECO Stock
The 24-hour chart illustrates a support level at 23.14, which if violated will result in even more drops to 22.61. On the upside, there is a resistance level at 24.44. A further resistance level may holdings at 25.21. The Relative Strength Index (RSI) on the 14-day chart is 35.70, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.75, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.46%. Stochastics %K at 23.86% 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 2025-01-31, growing by 1.31 million shares to a total of 6.66 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-31 was 5.35 million shares. There was a rise of 19.72%, which implies that there is a positive sentiment for the stock.
