Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Flowers Foods, Inc. shares valued at $117,750 were purchased by Casey Edward J. Jr. on Apr 02 ’24. At $23.55 per share, Casey Edward J. Jr. acquired 5,000 shares. The insider’s holdings grew to 20,330 shares worth approximately $0.47 million following the completion of this transaction.
Also, THOMAS TERRY S sold 36,577 shares, netting a total of over 845,162 in proceeds. Following the sale of shares at $23.11 each, the insider now holds 42,740 shares.
Before that, KINSEY R STEVE had added 1,780 shares to its account. In a trade valued at $39,982, the Chief Financial Officer & CAO bought Flowers Foods, Inc. shares for $22.46 each. Upon closing the transaction, the insider’s holdings increased to 1,780 shares, worth approximately $9.32 million.
As published in their initiating research note from DA Davidson on March 01, 2024, Flowers Foods, Inc. [FLO] has been a Neutral and the price target has been revised to $24. Analysts at Deutsche Bank upgraded the stock from ‘”a Sell”‘ to ‘”a Hold”‘ outlook in a report released in early March. As of December 06, 2022, Deutsche Bank has decreased its “Hold” rating to a “Sell” for FLO.
Analyzing FLO Stock Performance
During the last five days, there has been a surge of approximately 2.19%. Over the course of the year, Flowers Foods, Inc. shares have jumped approximately 3.64%. Shares of the company reached a 52-week high of $23.90 on 03/28/24 and a 52-week low of $21.80 on 02/14/24. A 50-day SMA is recorded $22.91, while a 200-day SMA reached $22.80. Nevertheless, trading volume fell to 1.23 million shares from 1.6 million shares the previous day.
Support And Resistance Levels for Flowers Foods, Inc. (FLO)
According to the 24-hour chart, there is a support level at 23.16, which, if violated, would cause prices to drop to 22.98. In the upper region, resistance lies at 23.47. The next price resistance is at 23.60. RSI (Relative Strength Index) is 55.79 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.04, which suggests the price will decrease in the coming days. Percent R is at 42.16%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
