Zevia PBC’s recently made public that its Director Spence Padraic L. unloaded Company’s shares for reported $37175.0 on Mar 27 ’24. In the deal valued at $1.02 per share,36,300 shares were sold. As a result of this transaction, Spence Padraic L. now holds 1,717,240 shares worth roughly $1.84 million.
Then, Taylor Amy sold 30,703 shares, generating $31,170 in total proceeds. Upon selling the shares at $1.02, the President & CEO now owns 959,252 shares.
Before that, DeBow Greig P. Jr. sold 7,012 shares. Zevia PBC shares valued at $7,358 were divested by the Chief Commercial Officer at a price of $1.05 per share. As a result of the transaction, DeBow Greig P. Jr. now holds 320,600 shares, worth roughly $0.34 million.
Telsey Advisory Group downgraded its Zevia PBC [ZVIA] rating to a Market perform from a an Outperform in a research note published on July 25, 2023; the price target was decreased to $4 from $5. A number of analysts have revised their coverage, including Goldman’s analysts, who decreased its forecast for the stock in late July from “a Buy” to “a Neutral”.
Price Performance Review of ZVIA
On Tuesday, Zevia PBC [NYSE:ZVIA] saw its stock fall -9.32% to $1.07. Over the last five days, the stock has gained 1.90%. Zevia PBC shares have fallen nearly -46.77% since the year began. Nevertheless, the stocks have fallen -71.31% over the past one year. While a 52-week high of $4.80 was reached on 01/02/24, a 52-week low of $0.98 was recorded on 03/26/24. SMA at 50 days reached $1.3978, while 200 days put it at $2.1929. A total of 0.34 million shares were traded, compared to the trading of 0.2 million shares in the previous session.
Levels Of Support And Resistance For ZVIA Stock
The 24-hour chart illustrates a support level at 1.0133, which if violated will result in even more drops to 0.9567. On the upside, there is a resistance level at 1.1633. A further resistance level may holdings at 1.2567. The Relative Strength Index (RSI) on the 14-day chart is 40.69, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0181, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 59.14%. Stochastics %K at 52.51% indicates the stock is a holding.
How much short interest is there in Zevia PBC?
A steep rise in short interest was recorded in Zevia PBC stocks on Mar 15, 2024, growing by 0.2 million shares to a total of 1.06 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 0.86 million shares. There was a rise of 19.0%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.86% of the overall stock float, the days-to-cover ratio (short ratio) rose to 7.18.
