Veritex Holdings Inc’s recent filing unveils that its Director Sughrue John unloaded Company’s shares for reported $0.51 million on Nov 11 ’24. In the deal valued at $30.25 per share,16,820 shares were sold. As a result of this transaction, Sughrue John now holds 62,643 shares worth roughly $1.49 million.
Then, Sughrue John sold 7,353 shares, generating $223,486 in total proceeds. Upon selling the shares at $30.39, the Director now owns 0 shares.
Before that, Sughrue John bought 24,028 shares. Veritex Holdings Inc shares valued at $727,761 were divested by the Director at a price of $30.29 per share.
Hovde Group upgraded its Veritex Holdings Inc [VBTX] rating to an Outperform from a a Market perform in a research note published recently. A number of analysts have revised their coverage, including Keefe Bruyette’s analysts, who decreased its forecast for the stock in late October from “an Outperform” to “a Mkt perform”. Raymond James also remained covering VBTX and has increased its forecast on September 17, 2024 with a “Strong buy” recommendation from previously “Mkt perform” rating. Hovde Group revised its rating on July 05, 2023. It rated VBTX as “a Market perform” which previously was an “an Outperform”.
Price Performance Review of VBTX
On Tuesday, Veritex Holdings Inc [NASDAQ:VBTX] saw its stock jump 1.28% to $23.77. Over the last five days, the stock has lost -5.30%. Veritex Holdings Inc shares have fallen nearly -12.48% since the year began. Nevertheless, the stocks have risen 17.04% over the past one year. While a 52-week high of $31.62 was reached on 02/06/25, a 52-week low of $18.08 was recorded on 03/11/25. SMA at 50 days reached $26.22, while 200 days put it at $25.24.
Levels Of Support And Resistance For VBTX Stock
The 24-hour chart illustrates a support level at 23.22, which if violated will result in even more drops to 22.66. On the upside, there is a resistance level at 24.29. A further resistance level may holdings at 24.81. The Relative Strength Index (RSI) on the 14-day chart is 29.47, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.43, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.85%. Stochastics %K at 11.26% indicates the stock is a buying.
