Veris Residential Inc’s recent filing unveils that its CHIEF EXECUTIVE OFFICER Nia Mahbod acquired Company’s shares for reported $0.5 million on Jun 20 ’24. In the deal valued at $14.32 per share,35,000 shares were bought. As a result of this transaction, Nia Mahbod now holds 380,869 shares worth roughly $5.94 million.
Then, Lietz Nori Gerardo bought 10,000 shares, generating $143,100 in total proceeds. Upon buying the shares at $14.31, the Director now owns 39,687 shares.
Evercore ISI downgraded its Veris Residential Inc [VRE] rating to an In-line from a an Outperform in a research note published on February 26, 2025; the price target was decreased to $18 from $20. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in mid December from “an Underweight” to “a Neutral”. BofA Securities also remained covering VRE and has increased its forecast on November 12, 2024 with a “Buy” recommendation from previously “Neutral” rating.
Price Performance Review of VRE
On Monday, Veris Residential Inc [NYSE:VRE] saw its stock fall -1.83% to $15.59. Over the last five days, the stock has gained 3.52%. Veris Residential Inc shares have fallen nearly -6.25% since the year began. Nevertheless, the stocks have risen 12.17% over the past one year. While a 52-week high of $18.85 was reached on 04/03/25, a 52-week low of $13.73 was recorded on 04/09/25. SMA at 50 days reached $16.13, while 200 days put it at $16.65.
Levels Of Support And Resistance For VRE Stock
The 24-hour chart illustrates a support level at 15.39, which if violated will result in even more drops to 15.20. On the upside, there is a resistance level at 15.82. A further resistance level may holdings at 16.05. The Relative Strength Index (RSI) on the 14-day chart is 45.78, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 51.96%. Stochastics %K at 54.36% indicates the stock is a holding.
How much short interest is there in Veris Residential Inc?
A steep rise in short interest was recorded in Veris Residential Inc stocks on 2025-03-31, dropping by -0.24 million shares to a total of 2.08 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 2.33 million shares. There was a decline of -11.66%, which implies that there is a negative sentiment for the stock.
