VEREIT, Inc. (VER), International Game Technology PLC (IGT): Scrutiny of these stocks

Brandon Gavin, SVP & Chief Accounting Officer, sold 14,257 shares of the VEREIT, Inc. (NYSE:VER) in an exchange that happened on August 7th. The stock was sold at an average price of $7.68 per share, amounting to a transaction worth $109,508. The sale was made public in a document filed with the SEC. Additionally, SVP & Chief Accounting Officer Brandon Gavin sold 6,620 shares of this stock in a transaction that took place on August 6th. The stock was sold at an average price of $7.68 per share, for a total exchange amounting to $50,842. After the transaction, the SVP & Chief Accounting Officer Brandon Gavin currently holds 35,462 shares of the company’s stock, which is worth approximately $283341.

With this stock price’s latest movement, it is now -4.65% away from its 1-year high and 22.55% higher than its 1-year low price. In the past seven days, the stock price volatility for VEREIT, Inc. was 2.06%, whereas its volatility in the past 30 days has been 1.69%. This public company’s stock also has a beta score of 0.70. When the beta value is less/more than 1, it can imply that the stock is less/more volatile than the wider stock market – a metric that traders will surely be keeping tabs on.

VEREIT, Inc. (NYSE:VER) most recently published its quarterly earnings results. The publicly-traded organization reported revenue of $313.26 million for the quarter, compared to the average analyst forecast calling for $288.89 million, which was surpassing the analyst consensus estimate.

Shares of VEREIT, Inc. (VER) surged 1.01%, amounting to a gain of $0.08 per share, to finish the regular trading session at $7.99 on Monday 03/04/2019. After beginning the session at $7.92, shares of VEREIT, Inc. reached as high as $7.99 during the day, while hitting a 1-day low of $7.86. Trade volume reached 8,900,657 shares against this stock’s average daily volume of 8.66M shares, with a total float of 966.77M. As a consequence of the price increase, VEREIT, Inc. now has a current market value of 7.75B.

International Game Technology PLC (NYSE:IGT) subtracted -1.71% to its trading price by the close of the most recent session, dropping from its previous closing price of $17.54 to $17.24. This stock increased in value by -1.37% during the last 7-day period, and experienced a loss of 5.38% over the past 30-day period. In the past three months, this stock’s price grew by -0.35% , and subtracted -20.41% to its price during the last six months of trading. IGT demonstrated a yearly price loss of -34.60% , while its year-to-date (YTD) price performance has been up 17.84% . This stock’s price changed by +29.33% compared to its 90-day low, and moved down -3.42% comparing to its 90-day high price.

Have a quick look on short, medium and long-term indicators. According to the Composite Indicator, Trendspotter rated the IGT stock as “Buy”. In the short-term, International Game Technology PLC (IGT) has a 20-day average volume of 2,057,900 shares and short-term indicators sets the IGT stock as “ 60% Buy ” on average basis. In the medium-term, IGT stock has a 50-Day average volume of 3,016,034 shares and medium-term indicators gave the average rating of “ 50% Buy ”, while in the long-term period the stock has a 100-Day average volume of 3,402,903 shares. On average, long-term indicators rated the stock as “33% Buy ”. The overall picture from all short, medium and long-term indicators sets the IGT stock as “56% Buy ” on average basis.

Recently, multiple brokerages have sent out reports on IGT. SunTrust, for example, Upgrade its rating on shares of International Game Technology PLC from “Hold ” to a “ Buy”according to a research note from Wednesday January 9th, 2019. Susquehanna Initiated their target price for this stock to $22, while giving the stock a “Positive” rating, as stated in a research report from Friday, December 7th, 2018. Societe Generale, on the other hand, Initiated a “Buy” rating on this stock, while posting a $20.50 price target on shares of this company’s stock in a research note dated Wednesday, October 17th, 2018.

In other news related to International Game Technology PLC stock, Age shares of IGT held by institutions. The total number of institutions who held the IGT shares was 67, according to most recent SEC filling. During the past quarter, total 58 shares held by institutions with the net change of 66 shares. In the meantime, 61 new institutions bought the shares of International Game Technology PLC for the first time and 53 institutions sold all their holdings in the company’s common stock. 56 institutions increased their investment in the IGT stock and 58 institutions decreased their investment in the International Game Technology PLC (IGT)’s stock during the last quarter.