The Potential Rise in the Price of Vital Farms Inc (VITL) following insiders activity

Vital Farms Inc’s recently made public that its Executive Chairman OHAYER MATTHEW unloaded Company’s shares for reported $0.17 million on Jan 19. In the deal valued at $14.36 per share,12,000 shares were sold. As a result of this transaction, OHAYER MATTHEW now holds 7,698,777 shares worth roughly $116.1 million.

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Then, Diez-Canseco Russell sold 1,464 shares, generating $22,150 in total proceeds. Upon selling the shares at $15.13, the President and CEO now owns 221,096 shares.

Before that, Diez-Canseco Russell sold 26,096 shares. Vital Farms Inc shares valued at $397,442 were divested by the President and CEO at a price of $15.23 per share. As a result of the transaction, Diez-Canseco Russell now holds 220,060 shares, worth roughly $3.32 million.

DA Davidson initiated its Vital Farms Inc [VITL] rating to a Buy in a research note published on , December 08, 2023; the price target was $21.

Price Performance Review of VITL

On Tuesday, Vital Farms Inc [NASDAQ:VITL] saw its stock jump 0.20% to $15.08. Over the last five days, the stock has gained 3.36%. Vital Farms Inc shares have fallen nearly -3.89% since the year began. Nevertheless, the stocks have fallen -12.33% over the past one year. While a 52-week high of $18.04 was reached on 01/08/24, a 52-week low of $10.00 was recorded on 01/19/24. SMA at 50 days reached $14.50, while 200 days put it at $12.86. A total of 0.54 million shares were traded, compared to the trading of 0.14 million shares in the previous session.

Levels Of Support And Resistance For VITL Stock

The 24-hour chart illustrates a support level at 14.91, which if violated will result in even more drops to 14.73. On the upside, there is a resistance level at 15.29. A further resistance level may holdings at 15.49. The Relative Strength Index (RSI) on the 14-day chart is 54.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 32.35%. Stochastics %K at 56.99% indicates the stock is a holding.

How much short interest is there in Vital Farms Inc?

A steep rise in short interest was recorded in Vital Farms Inc stocks on Jan 11, 2024, growing by 30000.0 shares to a total of 1.58 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2023 was 1.55 million shares. There was a rise of 1.9%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 5.09% of the overall stock float, the days-to-cover ratio (short ratio) rose to 7.16.

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