In a filing, Honest Company Inc revealed 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 $9.5 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 $1.74 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 Friday, Honest Company Inc [NASDAQ:HNST] saw its stock fall -5.80% to $3.25. Over the last five days, the stock has lost -14.25%. Honest Company Inc shares have fallen nearly -1.52% since the year began. Nevertheless, the stocks have risen 79.56% 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 $3.64, while 200 days put it at $2.27. A total of 0.73 million shares were traded, compared to the trading of 0.97 million shares in the previous session.
Levels Of Support And Resistance For HNST Stock
The 24-hour chart illustrates a support level at 3.16, which if violated will result in even more drops to 3.07. On the upside, there is a resistance level at 3.41. A further resistance level may holdings at 3.58. The Relative Strength Index (RSI) on the 14-day chart is 34.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.39, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.40%. Stochastics %K at 6.97% indicates the stock is a buying.
