Vestis Corp’s filing revealed that its Director Meister Keith A. acquired Company’s shares for reported $5.24 million on May 08 ’25. In the deal valued at $6.11 per share,857,299 shares were bought. As a result of this transaction, Meister Keith A. now holds 17,865,176 shares worth roughly $117.02 million.
Then, Meister Keith A. bought 138,048 shares, generating $872,463 in total proceeds. Upon buying the shares at $6.32, the Director now owns 18,003,224 shares.
Before that, Goetz William bought 7,500 shares. Vestis Corp shares valued at $49,574 were divested by the Director at a price of $6.61 per share. As a result of the transaction, Goetz William now holds 23,131 shares, worth roughly $0.15 million.
Robert W. Baird downgraded its Vestis Corp [VSTS] rating to a Neutral from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including William Blair’s analysts, who began to cover the stock in late May with a ‘”a Mkt perform”‘ rating. Redburn Atlantic also remained covering VSTS and has decreased its forecast on May 07, 2024 with a “Neutral” recommendation from previously “Buy” rating. Stifel revised its rating on May 03, 2024. It rated VSTS as “a Hold” which previously was an “a Buy”.
Price Performance Review of VSTS
On Monday, Vestis Corp [NYSE:VSTS] saw its stock jump 4.13% to $6.55. Over the last five days, the stock has lost -26.24%. Vestis Corp shares have fallen nearly -57.02% since the year began. Nevertheless, the stocks have fallen -37.97% over the past one year. While a 52-week high of $17.83 was reached on 01/07/25, a 52-week low of $5.20 was recorded on 05/07/25. SMA at 50 days reached $9.19, while 200 days put it at $13.24.
Levels Of Support And Resistance For VSTS Stock
The 24-hour chart illustrates a support level at 6.23, which if violated will result in even more drops to 5.92. On the upside, there is a resistance level at 6.97. A further resistance level may holdings at 7.40. The Relative Strength Index (RSI) on the 14-day chart is 35.19, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.65, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 64.94%. Stochastics %K at 30.39% indicates the stock is a holding.
