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. Stryve Foods Inc. shares valued at $20,100 were purchased by Boever Christopher J. on Aug 31. At $0.67 per share, Boever Christopher J. acquired 30,000 shares. The insider’s holdings grew to 2,633,969 shares worth approximately $1.19 million following the completion of this transaction.
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Also, Boever Christopher J. purchased 35,000 shares, netting a total of over 23,100 in proceeds. Following the buying of shares at $0.66 each, the insider now holds 2,603,969 shares.
Before that, Christenson Gregory Stephen had added 75,000 shares to its account. In a trade valued at $48,750, the Director bought Stryve Foods Inc. shares for $0.65 each. Upon closing the transaction, the insider’s holdings increased to 75,000 shares, worth approximately $30375.0.
Analyzing SNAX’s Price Performance
On Thursday, Stryve Foods Inc. [NASDAQ: SNAX] plunged -16.70% to $0.45. The stock’s lowest price that day was $0.42, but it reached a high of $0.54 in the same session. During the last five days, there has been a drop of approximately -28.58%. Over the course of the year, Stryve Foods Inc. shares have dropped approximately -88.61%. Shares of the company reached a 52-week high of $4.0600 on 01/03/22 and a 52-week low of $0.4200 on 09/22/22. A 50-day SMA is recorded $0.7397, while a 200-day SMA reached $1.7301. Nevertheless, trading volume fell to 1.03 million shares from 0.48 million shares the previous day.
Support And Resistance Levels for Stryve Foods Inc. (SNAX)
According to the 24-hour chart, there is a support level at 0.4000, which, if violated, would cause prices to drop to 0.3500. In the upper region, resistance lies at 0.5200. The next price resistance is at 0.5900. RSI (Relative Strength Index) is 24.22 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.1128, which suggests the price will decrease in the coming days. Percent R is at 91.18%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Stryve Foods Inc. subject to short interest?
Stocks of Stryve Foods Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 0.18 million shares to 0.36 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 0.18 million shares. A jump of 49.94% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 3.58 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.58.
Which companies own the most shares of Stryve Foods Inc. (SNAX)?
According to Armistice Capital LLC filings, the company currently owns 1,217,038 shares, which is about 5.58% of the total SNAX shares outstanding. The investor’s shares have appreciated by 563,352 from its previous 13-F filing of 653686.0 shares. With the completion of the sale transaction, Cannell Capital LLC’s stake is now worth $677,359. In its current portfolio, Cowen & Co. LLC holds 204,984 shares valued at $0.13 million.
In terms of Stryve Foods Inc. share price expectations, FactSet research, analysts set an average price target of $2.33 in the next 12 months, up nearly 270.37% from the previous closing price of $0.54. Analysts anticipate Stryve Foods Inc. stock to reach $3.00 by 2022, with the lowest price target being $2.00. In spite of this, 3 analysts ranked Stryve Foods Inc. stock as a Buy at the end of 2022.