Insider THOMAS TERRY S sells 36,577 of Flowers Foods, Inc. [FLO] Stock

Flowers Foods, Inc.’s recent filing unveils that its Chief Growth Officer THOMAS TERRY S unloaded Company’s shares for reported $0.85 million on Mar 11 ’24. In the deal valued at $23.11 per share,36,577 shares were sold. As a result of this transaction, THOMAS TERRY S now holds 42,740 shares worth roughly $1.01 million.

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Then, KINSEY R STEVE bought 1,780 shares, generating $39,982 in total proceeds. Upon buying the shares at $22.46, the Chief Financial Officer & CAO now owns 399,520 shares.

Before that, TILLMAN STEPHANIE B bought 700 shares. Flowers Foods, Inc. shares valued at $15,659 were divested by the Chief Legal Counsel at a price of $22.37 per share. As a result of the transaction, TILLMAN STEPHANIE B now holds 25,579 shares, worth roughly $0.6 million.

DA Davidson initiated its Flowers Foods, Inc. [FLO] rating to a Neutral in a research note published on March 01, 2024; the price target was $24. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who increased its forecast for the stock in early March from “a Sell” to “a Hold”. Deutsche Bank also remained covering FLO and has decreased its forecast on December 06, 2022 with a “Sell” recommendation from previously “Hold” rating.

Price Performance Review of FLO

On Tuesday, Flowers Foods, Inc. [NYSE:FLO] saw its stock fall -0.47% to $23.52. Over the last five days, the stock has gained 1.16%. Flowers Foods, Inc. shares have risen nearly 4.49% since the year began. Nevertheless, the stocks have fallen -13.43% over the past one year. While a 52-week high of $29.10 was reached on 03/28/24, a 52-week low of $19.64 was recorded on 02/14/24. SMA at 50 days reached $22.88, while 200 days put it at $22.88. A total of 1.07 million shares were traded, compared to the trading of 0.9 million shares in the previous session.

Levels Of Support And Resistance For FLO Stock

The 24-hour chart illustrates a support level at 23.44, which if violated will result in even more drops to 23.35. On the upside, there is a resistance level at 23.67. A further resistance level may holdings at 23.81. The Relative Strength Index (RSI) on the 14-day chart is 59.98, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.46, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 24.92%. Stochastics %K at 82.61% indicates the stock is a selling.

How much short interest is there in Flowers Foods, Inc.?

A steep rise in short interest was recorded in Flowers Foods, Inc. stocks on Mar 15, 2024, dropping by -0.11 million shares to a total of 2.68 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 2.79 million shares. There was a decline of -4.1%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.63% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.23.

The most recent change occurred on January 20, 2021 when Stephens began covering the stock and recommended ‘”an Equal-weight”‘ rating along with a $25 price target.

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