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. Vestis Corp shares valued at $5,238,097 were purchased by Meister Keith A. on May 08 ’25. At $6.11 per share, Meister Keith A. acquired 857,299 shares. The insider’s holdings grew to 17,865,176 shares worth approximately $110.76 million following the completion of this transaction.
Also, Meister Keith A. purchased 138,048 shares, netting a total of over 872,463 in proceeds. Following the buying of shares at $6.32 each, the insider now holds 18,003,224 shares.
Before that, Goetz William had added 7,500 shares to its account. In a trade valued at $49,574, the Director bought Vestis Corp shares for $6.61 each. Upon closing the transaction, the insider’s holdings increased to 7,500 shares, worth approximately $0.14 million.
As published in a research note from Robert W. Baird on August 08, 2024, Vestis Corp [VSTS] has been rated down from an Outperform to a Neutral and the price target has been revised to $13. Analysts at William Blair started covering the stock with ‘”a Mkt perform”‘ outlook in a report released in late May. As of May 07, 2024, Redburn Atlantic has decreased its “Buy” rating to a “Neutral” for VSTS. Earlier on May 03, 2024, Stifel downgraded its rating. Their new recommendation was “a Hold” for VSTS stock which previously was a “a Buy”.
Analyzing VSTS Stock Performance
During the last five days, there has been a drop of approximately -1.12%. Over the course of the year, Vestis Corp shares have dropped approximately -59.32%. Shares of the company reached a 52-week high of $16.68 on 01/07/25 and a 52-week low of $5.20 on 05/07/25. A 50-day SMA is recorded $8.89, while a 200-day SMA reached $13.15.
Support And Resistance Levels for Vestis Corp (VSTS)
According to the 24-hour chart, there is a support level at 6.03, which, if violated, would cause prices to drop to 5.86. In the upper region, resistance lies at 6.32. The next price resistance is at 6.43. RSI (Relative Strength Index) is 33.71 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.27, which suggests the price will decrease in the coming days. Percent R is at 74.03%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
