Calavo Growers Inc. (CVGW) receives a Buy rating from Lake Street


Calavo Growers Inc.’s filing revealed that its Director Hollister Steve acquired Company’s shares for reported $61180.0 on Jul 14. In the deal valued at $30.59 per share,2,000 shares were bought. As a result of this transaction, Hollister Steve now holds 36,702 shares worth roughly $ 1.21 million.

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Then, COLE LECIL E bought 37,500 shares, generating $1,152,750 in total proceeds. Upon buying the shares at $30.74, the Chief Executive Officer now owns 515,000 shares.

Before that, COLE LECIL E bought 37,500 shares. Calavo Growers Inc. shares valued at $1,122,750 were divested by the Chief Executive Officer at a price of $29.94 per share. As a result of the transaction, COLE LECIL E now holds 477,500 shares, worth roughly $15.8 million.

PT values the company’s stock at a premium of 61.07 to its Friday closing price.

Price Performance Review of CVGW

On Friday, Calavo Growers Inc. [NASDAQ:CVGW] saw its stock jump 0.39% to $33.09. On the same session, the stock had its day’s lowest price of $32.89, but rose to a high of $33.47. Calavo Growers Inc. shares have risen nearly 12.55% since the year began. Nevertheless, the stocks have fallen -21.29% over the past one year. While a 52-week high of $42.28 was reached on 07/27/23, a 52-week low of $22.64 was recorded on 03/07/23. SMA at 50 days reached $34.08, while 200 days put it at $31.94. A total of 0.14 million shares were traded, compared to the trading of 0.13 million shares in the previous session.

Levels Of Support And Resistance For CVGW Stock

The 24-hour chart illustrates a support level at 32.83, which if violated will result in even more drops to 32.57. On the upside, there is a resistance level at 33.41. A further resistance level may holdings at 33.73. The Relative Strength Index (RSI) on the 14-day chart is 38.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.60, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.54%. Stochastics %K at 20.61% indicates the stock is a holding.

How much short interest is there in Calavo Growers Inc.?

A steep rise in short interest was recorded in Calavo Growers Inc. stocks on Aug 14, 2023, dropping by 76500.0 shares to a total of 0.72 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 0.8 million shares. There was a decline of -10.57%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 5.06% of the overall stock float, the days-to-cover ratio (short ratio) fell to 5.25.


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