Honest Company Inc’s filing revealed that its Chief Executive Officer Vernon Carla unloaded Company’s shares for reported $0.87 million on Mar 18 ’24. In the deal valued at $4.16 per share,209,160 shares were sold. As a result of this transaction, Vernon Carla now holds 2,924,387 shares worth roughly $10.88 million.
Then, Warren Jessica sold 23,324 shares, generating $75,570 in total proceeds. Upon selling the shares at $3.24, the Chief Creative Officer now owns 1,905,237 shares.
Before that, Sheehey Brendan sold 21,152 shares. Honest Company Inc shares valued at $68,532 were divested by the General Counsel at a price of $3.24 per share. As a result of the transaction, Sheehey Brendan now holds 534,620 shares, worth roughly $1.99 million.
Lake Street initiated its Honest Company Inc [HNST] rating to a Buy in a research note published on April 04, 2024; the price target was $6. A number of analysts have revised their coverage, including Alliance Global Partners’s analysts, who began to cover the stock in early February with a ‘”a Buy”‘ rating. Telsey Advisory Group also remained covering HNST and has decreased its forecast on March 17, 2023 with a “Market perform” recommendation from previously “an Outperform” rating. Loop Capital revised its rating on June 09, 2022. It rated HNST as “a Hold” which previously was an “a Buy”.
Price Performance Review of HNST
On Tuesday, Honest Company Inc [NASDAQ:HNST] saw its stock fall -2.36% to $3.72. Over the last five days, the stock has lost -1.06%. Honest Company Inc shares have risen nearly 12.73% since the year began. Nevertheless, the stocks have risen 97.87% over the past one year. While a 52-week high of $4.89 was reached on 03/07/24, a 52-week low of $1.06 was recorded on 01/17/24. SMA at 50 days reached $3.61, while 200 days put it at $2.25. A total of 0.51 million shares were traded, compared to the trading of 1.11 million shares in the previous session.
Levels Of Support And Resistance For HNST Stock
The 24-hour chart illustrates a support level at 3.68, which if violated will result in even more drops to 3.64. On the upside, there is a resistance level at 3.79. A further resistance level may holdings at 3.87. The Relative Strength Index (RSI) on the 14-day chart is 45.93, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.06%. Stochastics %K at 22.77% indicates the stock is a holding.
How much short interest is there in Honest Company Inc?
A steep rise in short interest was recorded in Honest Company Inc stocks on Mar 15, 2024, dropping by -0.6 million shares to a total of 1.28 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 1.88 million shares. There was a decline of -46.88%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.87% of the overall stock float, the days-to-cover ratio (short ratio) fell to 0.83.
