BARK Inc’s recently made public that its Executive Chairman Meeker Matt acquired Company’s shares for reported $48866.0 on Nov 13 ’23. In the deal valued at $0.79 per share,61,700 shares were bought. As a result of this transaction, Meeker Matt now holds 9,926,436 shares worth roughly $12.31 million.
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Then, Kamenetzky David sold 82,933 shares, generating $132,859 in total proceeds. Upon selling the shares at $1.60, the Director now owns 0 shares.
Before that, Kamenetzky David sold 83,000 shares. BARK Inc shares valued at $132,435 were divested by the Director at a price of $1.60 per share. As a result of the transaction, Kamenetzky David now holds 82,933 shares, worth roughly $0.1 million.
Jefferies upgraded its BARK Inc [BARK] rating to a Buy from a a Hold in a research note published on March 05, 2024; the price target was increased to $1.90 from $1.54. A number of analysts have revised their coverage, including Jefferies’s analysts, who began to cover the stock in mid December with a ‘”a Hold”‘ rating. Canaccord Genuity also remained covering BARK and has decreased its forecast on November 09, 2023 with a “Hold” recommendation from previously “Buy” rating. Citigroup started covering the stock on December 13, 2022. It rated BARK as “a Buy”.
Price Performance Review of BARK
On Tuesday, BARK Inc [NYSE:BARK] saw its stock fall -2.36% to $1.24. Over the last five days, the stock has lost -6.77%. BARK Inc shares have risen nearly 53.94% since the year began. Nevertheless, the stocks have fallen -0.80% over the past one year. While a 52-week high of $1.64 was reached on 03/06/24, a 52-week low of $0.70 was recorded on 01/05/24. SMA at 50 days reached $1.1376, while 200 days put it at $1.1517. A total of 0.39 million shares were traded, compared to the trading of 0.6 million shares in the previous session.
Levels Of Support And Resistance For BARK Stock
The 24-hour chart illustrates a support level at 1.2133, which if violated will result in even more drops to 1.1867. On the upside, there is a resistance level at 1.2733. A further resistance level may holdings at 1.3067. The Relative Strength Index (RSI) on the 14-day chart is 48.78, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0629, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.29%. Stochastics %K at 16.47% indicates the stock is a buying.
How much short interest is there in BARK Inc?
A steep rise in short interest was recorded in BARK Inc stocks on Feb 29, 2024, dropping by -0.32 million shares to a total of 17.98 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 18.3 million shares. There was a decline of -1.78%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 13.45% of the overall stock float, the days-to-cover ratio (short ratio) fell to 18.45.
The most recent change occurred on December 08, 2022 when Lake Street began covering the stock and recommended ‘”a Buy”‘ rating along with a $5 price target.
