The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Veritone Inc shares valued at $1,269,212 were sold by Steelberg Chad on Dec 13 ’24. At $2.52 per share, Steelberg Chad sold 504,657 shares. The insider’s holdings dropped to 31,861 shares worth approximately $93671.34 following the completion of this transaction.
As published in their initiating research note from D. Boral Capital on February 03, 2025, Veritone Inc [VERI] has been a Buy and the price target has been revised to $4.50. Analysts at UBS upgraded the stock from ‘”a Sell”‘ to ‘”a Neutral”‘ outlook in a report released in late October. As of October 30, 2024, UBS has initiated its “Neutral” rating for VERI. Earlier on February 01, 2024, ROTH MKM upgraded its rating. Their new recommendation was “a Neutral” for VERI stock which previously was a “a Sell”.
Analyzing VERI Stock Performance
During the last five days, there has been a drop of approximately -12.61%. Over the course of the year, Veritone Inc shares have dropped approximately -10.21%. Shares of the company reached a 52-week high of $3.84 on 01/06/25 and a 52-week low of $2.63 on 01/02/25. A 50-day SMA is recorded $3.00, while a 200-day SMA reached $3.10. Nevertheless, trading volume fell to 0.51 million shares from 0.93 million shares the previous day.
Support And Resistance Levels for Veritone Inc (VERI)
According to the 24-hour chart, there is a support level at 2.84, which, if violated, would cause prices to drop to 2.74. In the upper region, resistance lies at 3.06. The next price resistance is at 3.18. RSI (Relative Strength Index) is 44.52 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.23, which suggests the price will decrease in the coming days. Percent R is at 90.86%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
