Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Hostess Brands Inc. shares valued at $150,975 were sold by Gernigin Michael on May 27. At $21.38 per share, Gernigin Michael sold 7,060 shares. The insider’s holdings dropped to 6,922 shares worth approximately $0.15 million following the completion of this transaction.
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Also, Cramer Michael John sold 25,000 shares, netting a total of over 553,830 in proceeds. Following the sale of shares at $22.15 each, the insider now holds 43,408 shares.
As published in a research note from Truist on March 02, 2022, Hostess Brands Inc. [TWNK] has been retained to a Buy and the price target has been revised to $25. This represents a 11.36% premium over Thursday’s closing price. Analysts at Stephens resumed the stock at ‘”an Overweight”‘ outlook in a report released in early March. As of March 02, 2022, Deutsche Bank has reiterated its “Hold” rating for TWNK. Earlier on March 02, 2022, Citigroup resumed its rating. Their recommendation was “a Buy” for TWNK stock.
Analyzing TWNK’s Price Performance
On Thursday, Hostess Brands Inc. [NASDAQ: TWNK] plunged -3.90% to $22.16. The stock’s lowest price that day was $21.09, but it reached a high of $22.26 in the same session. During the last five days, there has been a drop of approximately -3.06%. Over the course of the year, Hostess Brands Inc. shares have jumped approximately 8.52%. Shares of the company reached a 52-week high of $24.27 on 04/21/22 and a 52-week low of $18.97 on 01/25/22. A 50-day SMA is recorded $21.02, while a 200-day SMA reached $20.59. Nevertheless, trading volume fell to 1.84 million shares from 0.68 million shares the previous day.
Support And Resistance Levels for Hostess Brands Inc. (TWNK)
According to the 24-hour chart, there is a support level at 21.41, which, if violated, would cause prices to drop to 20.67. In the upper region, resistance lies at 22.58. The next price resistance is at 23.01. RSI (Relative Strength Index) is 55.85 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.70, which suggests the price will decrease in the coming days. Percent R is at 37.89%, indicating low price movement. Stochastics %K at selling indicates that the stock is to be held.
Is Hostess Brands Inc. subject to short interest?
Stocks of Hostess Brands Inc. saw a sharp steep in short interest on Jul 14, 2022 dropping by -0.13 million shares to 6.13 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 6.26 million shares. A decline of -2.12% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 6.22 of the overall float, the days-to-cover ratio (short ratio) decline to 6.22.
Which companies own the most shares of Hostess Brands Inc. (TWNK)?
According to BlackRock Fund Advisors filings, the company currently owns 21,610,987 shares, which is about 15.63% of the total TWNK shares outstanding. The investor’s shares have appreciated by 12,141,347 from its previous 13-F filing of 9469640.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $328,810,146. Dimensional Fund Advisors LP acquire a 3.55% interest valued at $179.17 million while Champlain Investment Partners LLC sold a -3,440,115 stake. A total of -764,080 shares of Hostess Brands Inc. were sold by Janus Henderson Investors US LLC during the quarter, and 2,225,559 were bought by SSgA Funds Management, Inc. In its current portfolio, Massachusetts Financial Services holds 3,911,061 shares valued at $82.95 million.
In terms of Hostess Brands Inc. share price expectations, FactSet research, analysts set an average price target of $26.80 in the next 12 months, up nearly 12.75% from the previous closing price of $23.06. Analysts anticipate Hostess Brands Inc. stock to reach $30.00 by 2022, with the lowest price target being $25.00. In spite of this, 12 analysts ranked Hostess Brands Inc. stock as an Overweight at the end of 2022. On December 15, 2021, Citigroup assigned a price target of “a Buy” to the stock and initiated coverage with a $22.