In a filing, Westrock Coffee Company revealed its Director FORD JOE T acquired Company’s shares for reported $95900.0 on Dec 11 ’23. In the deal valued at $9.59 per share,10,000 shares were bought. As a result of this transaction, FORD JOE T now holds 230,922 shares worth roughly $2.45 million.
Then, FORD JOE T bought 10,000 shares, generating $92,500 in total proceeds. Upon buying the shares at $9.25, the Director now owns 220,992 shares.
Before that, FORD JOE T bought 10,000 shares. Westrock Coffee Company shares valued at $94,000 were divested by the Director at a price of $9.40 per share. As a result of the transaction, FORD JOE T now holds 210,992 shares, worth roughly $2.24 million.
Telsey Advisory Group reiterated its Westrock Coffee Company [WEST] rating to an Outperform in a research note published on February 16, 2024; the price target was $13. Stifel began covering WEST with “Buy” recommendation on September 23, 2022. Stephens started covering the stock on September 22, 2022. It rated WEST as “an Overweight”.
Price Performance Review of WEST
On Tuesday, Westrock Coffee Company [NASDAQ:WEST] saw its stock jump 0.28% to $10.62. Over the last five days, the stock has gained 4.73%. Westrock Coffee Company shares have risen nearly 4.02% since the year began. Nevertheless, the stocks have fallen -8.84% over the past one year. While a 52-week high of $11.91 was reached on 02/16/24, a 52-week low of $6.88 was recorded on 03/13/24. SMA at 50 days reached $10.01, while 200 days put it at $9.78. A total of 0.23 million shares were traded, compared to the trading of 0.13 million shares in the previous session.
Levels Of Support And Resistance For WEST Stock
The 24-hour chart illustrates a support level at 10.56, which if violated will result in even more drops to 10.51. On the upside, there is a resistance level at 10.69. A further resistance level may holdings at 10.77. The Relative Strength Index (RSI) on the 14-day chart is 64.53, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 10.23%. Stochastics %K at 89.71% indicates the stock is a selling.
