Flowers Foods, Inc.’s recently made public that its Director Casey Edward J. Jr. acquired Company’s shares for reported $0.12 million on Apr 02 ’24. In the deal valued at $23.55 per share,5,000 shares were bought. As a result of this transaction, Casey Edward J. Jr. now holds 20,330 shares worth roughly $0.51 million.
Then, THOMAS TERRY S sold 36,577 shares, generating $845,162 in total proceeds. Upon selling the shares at $23.11, the Chief Growth Officer now owns 42,740 shares.
Before that, KINSEY R STEVE bought 1,780 shares. Flowers Foods, Inc. shares valued at $39,982 were divested by the Chief Financial Officer & CAO at a price of $22.46 per share. As a result of the transaction, KINSEY R STEVE now holds 399,520 shares, worth roughly $9.96 million.
DA Davidson initiated its Flowers Foods, Inc. [FLO] rating to a Neutral in a research note published on March 01, 2024; the price target was $24. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who increased its forecast for the stock in early March from “a Sell” to “a Hold”. Deutsche Bank also remained covering FLO and has decreased its forecast on December 06, 2022 with a “Sell” recommendation from previously “Hold” rating.
Price Performance Review of FLO
On Tuesday, Flowers Foods, Inc. [NYSE:FLO] saw its stock jump 0.36% to $24.94. Over the last five days, the stock has gained 1.01%. Flowers Foods, Inc. shares have risen nearly 10.80% since the year began. Nevertheless, the stocks have fallen -9.34% over the past one year. While a 52-week high of $29.10 was reached on 04/25/24, a 52-week low of $19.64 was recorded on 02/14/24. SMA at 50 days reached $23.28, while 200 days put it at $22.81. A total of 1.61 million shares were traded, compared to the trading of 1.0 million shares in the previous session.
Levels Of Support And Resistance For FLO Stock
The 24-hour chart illustrates a support level at 24.77, which if violated will result in even more drops to 24.60. On the upside, there is a resistance level at 25.04. A further resistance level may holdings at 25.13. The Relative Strength Index (RSI) on the 14-day chart is 69.14, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.72, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 9.14%. Stochastics %K at 85.65% indicates the stock is a selling.
The most recent change occurred on January 20, 2021 when Stephens began covering the stock and recommended ‘”an Equal-weight”‘ rating along with a $25 price target.
