Treehouse Foods Inc’s filing revealed that its Director Hunter Mark unloaded Company’s shares for reported $0.17 million on Dec 04 ’23. In the deal valued at $41.86 per share,4,000 shares were sold. As a result of this transaction, Hunter Mark now holds 567 shares worth roughly $22107.33.
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Then, JANA PARTNERS LLC bought 24,375 shares, generating $1,089,319 in total proceeds. Upon buying the shares at $44.69, the Director now owns 4,907,689 shares.
Before that, JANA PARTNERS LLC bought 87,900 shares. Treehouse Foods Inc shares valued at $3,910,671 were divested by the Director at a price of $44.49 per share. As a result of the transaction, JANA PARTNERS LLC now holds 4,883,314 shares, worth roughly $190.4 million.
Truist downgraded its Treehouse Foods Inc [THS] rating to a Hold from a a Buy in a research note published on February 20, 2024; the price target was decreased to $35 from $45. A number of analysts have revised their coverage, including Stephens’s analysts, who began to cover the stock in mid October with a ‘”an Equal-weight”‘ rating. TD Cowen began covering THS with “Market perform” recommendation on September 13, 2023.
Price Performance Review of THS
On Tuesday, Treehouse Foods Inc [NYSE:THS] saw its stock jump 0.33% to $38.99. Over the last five days, the stock has gained 3.23%. Treehouse Foods Inc shares have fallen nearly -5.93% since the year began. Nevertheless, the stocks have fallen -20.20% over the past one year. While a 52-week high of $55.30 was reached on 02/12/24, a 52-week low of $34.76 was recorded on 03/04/24. SMA at 50 days reached $39.31, while 200 days put it at $43.56. A total of 0.77 million shares were traded, compared to the trading of 0.39 million shares in the previous session.
Levels Of Support And Resistance For THS Stock
The 24-hour chart illustrates a support level at 38.67, which if violated will result in even more drops to 38.35. On the upside, there is a resistance level at 39.35. A further resistance level may holdings at 39.71. The Relative Strength Index (RSI) on the 14-day chart is 57.99, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.12, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 10.42%. Stochastics %K at 88.10% indicates the stock is a selling.
How much short interest is there in Treehouse Foods Inc?
A steep rise in short interest was recorded in Treehouse Foods Inc stocks on Feb 29, 2024, growing by 50000.0 shares to a total of 1.44 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 1.39 million shares. There was a rise of 3.47%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 5.26% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.38.
The most recent change occurred on March 20, 2023 when UBS began covering the stock and recommended ‘”a Buy”‘ rating along with a $60 price target.
