Vita Coco Company Inc’s filing revealed that its Executive Chairman Kirban Michael unloaded Company’s shares for reported $0.45 million on Apr 04 ’24. In the deal valued at $25.05 per share,17,767 shares were sold. As a result of this transaction, Kirban Michael now holds 615,681 shares worth roughly $14.54 million.
Then, Liran Ira sold 6,915 shares, generating $172,889 in total proceeds. Upon selling the shares at $25.00, the Director now owns 985,729 shares.
Before that, Kirban Michael sold 6,900 shares. Vita Coco Company Inc shares valued at $172,521 were divested by the Executive Chairman at a price of $25.00 per share. As a result of the transaction, Kirban Michael now holds 633,448 shares, worth roughly $14.96 million.
Stephens upgraded its Vita Coco Company Inc [COCO] rating to an Overweight from a an Equal-weight in a research note published recently. A number of analysts have revised their coverage, including William Blair’s analysts, who decreased its forecast for the stock in late January from “an Outperform” to “a Mkt perform”. Jefferies began covering COCO with “Buy” recommendation on November 13, 2023. Morgan Stanley started covering the stock on September 19, 2023. It rated COCO as “an Equal-weight”.
Price Performance Review of COCO
On Tuesday, Vita Coco Company Inc [NASDAQ:COCO] saw its stock jump 2.30% to $23.61. Over the last five days, the stock has lost -1.34%. Vita Coco Company Inc shares have fallen nearly -7.95% since the year began. Nevertheless, the stocks have risen 14.17% over the past one year. While a 52-week high of $33.29 was reached on 02/29/24, a 52-week low of $19.41 was recorded on 02/05/24. SMA at 50 days reached $24.08, while 200 days put it at $25.61. A total of 0.42 million shares were traded, compared to the trading of 0.28 million shares in the previous session.
Levels Of Support And Resistance For COCO Stock
The 24-hour chart illustrates a support level at 23.21, which if violated will result in even more drops to 22.81. On the upside, there is a resistance level at 23.85. A further resistance level may holdings at 24.09. The Relative Strength Index (RSI) on the 14-day chart is 43.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.01%. Stochastics %K at 10.43% indicates the stock is a buying.
