Veritone Inc’s recent filing unveils that its Director Steelberg Chad unloaded Company’s shares for reported $1.27 million on Dec 13 ’24. In the deal valued at $2.52 per share,504,657 shares were sold. As a result of this transaction, Steelberg Chad now holds 31,861 shares worth roughly $85706.09.
H.C. Wainwright initiated its Veritone Inc [VERI] rating to a Buy in a research note published recently. A number of analysts have revised their coverage, including D. Boral Capital’s analysts, who began to cover the stock in early February with a ‘”a Buy”‘ rating. UBS also remained covering VERI and has increased its forecast on October 30, 2024 with a “Neutral” recommendation from previously “Sell” rating. UBS started covering the stock on October 30, 2024. It rated VERI as “a Neutral”.
Price Performance Review of VERI
On Friday, Veritone Inc [NASDAQ:VERI] saw its stock fall -5.45% to $2.69. Over the last five days, the stock has lost -22.03%. Veritone Inc shares have fallen nearly -17.99% since the year began. Nevertheless, the stocks have risen 38.66% over the past one year. While a 52-week high of $7.76 was reached on 01/06/25, a 52-week low of $1.65 was recorded on 01/02/25. SMA at 50 days reached $3.00, while 200 days put it at $3.09.
Levels Of Support And Resistance For VERI Stock
The 24-hour chart illustrates a support level at 2.60, which if violated will result in even more drops to 2.51. On the upside, there is a resistance level at 2.86. A further resistance level may holdings at 3.03. The Relative Strength Index (RSI) on the 14-day chart is 39.67, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.44, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.10%. Stochastics %K at 4.54% indicates the stock is a buying.
