Treehouse Foods Inc’s recent filing unveils that its Director Hunter Mark unloaded Company’s shares for reported $0.17 million on Dec 04 ’23. In the deal valued at $41.86 per share,4,000 shares were sold. As a result of this transaction, Hunter Mark now holds 567 shares worth roughly $20383.65.
Then, JANA PARTNERS LLC bought 24,375 shares, generating $1,089,319 in total proceeds. Upon buying the shares at $44.69, the Director now owns 4,907,689 shares.
Before that, JANA PARTNERS LLC bought 87,900 shares. Treehouse Foods Inc shares valued at $3,910,671 were divested by the Director at a price of $44.49 per share. As a result of the transaction, JANA PARTNERS LLC now holds 4,883,314 shares, worth roughly $175.56 million.
Truist downgraded its Treehouse Foods Inc [THS] rating to a Hold from a a Buy in a research note published on February 20, 2024; the price target was decreased to $35 from $45. A number of analysts have revised their coverage, including Stephens’s analysts, who began to cover the stock in mid October with a ‘”an Equal-weight”‘ rating. TD Cowen began covering THS with “Market perform” recommendation on September 13, 2023.
Price Performance Review of THS
On Tuesday, Treehouse Foods Inc [NYSE:THS] saw its stock fall -0.99% to $35.95. Over the last five days, the stock has lost -4.18%. Treehouse Foods Inc shares have fallen nearly -13.27% since the year began. Nevertheless, the stocks have fallen -29.62% over the past one year. While a 52-week high of $55.30 was reached on 02/12/24, a 52-week low of $34.76 was recorded on 03/04/24. SMA at 50 days reached $38.05, while 200 days put it at $42.56. A total of 0.44 million shares were traded, compared to the trading of 0.37 million shares in the previous session.
Levels Of Support And Resistance For THS Stock
The 24-hour chart illustrates a support level at 35.77, which if violated will result in even more drops to 35.58. On the upside, there is a resistance level at 36.27. A further resistance level may holdings at 36.59. The Relative Strength Index (RSI) on the 14-day chart is 34.83, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.23, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.62%. Stochastics %K at 4.82% indicates the stock is a buying.
The most recent change occurred on March 20, 2023 when UBS began covering the stock and recommended ‘”a Buy”‘ rating along with a $60 price target.
