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 $2,222,162 were purchased by Meister Keith A. on May 23 ’25. At $5.89 per share, Meister Keith A. acquired 377,277 shares. The insider’s holdings grew to 18,380,501 shares worth approximately $111.02 million following the completion of this transaction.
Also, Meister Keith A. purchased 314,390 shares, netting a total of over 1,895,772 in proceeds. Following the buying of shares at $6.03 each, the insider now holds 18,803,899 shares.
Before that, Meister Keith A. had added 109,008 shares to its account. In a trade valued at $659,498, the Director bought Vestis Corp shares for $6.05 each. Upon closing the transaction, the insider’s holdings increased to 109,008 shares, worth approximately $111.68 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 surge of approximately 2.20%. Over the course of the year, Vestis Corp shares have dropped approximately -60.37%. 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.
Support And Resistance Levels for Vestis Corp (VSTS)
According to the 24-hour chart, there is a support level at 5.94, which, if violated, would cause prices to drop to 5.84. In the upper region, resistance lies at 6.19. The next price resistance is at 6.34. RSI (Relative Strength Index) is 37.05 on the 14-day chart, showing neutral technical sentiment.
