Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Vital Farms Inc shares valued at $502,400 were sold by OHAYER MATTHEW on Apr 19 ’24. At $25.12 per share, OHAYER MATTHEW sold 20,000 shares. The insider’s holdings dropped to 7,442,777 shares worth approximately $222.61 million following the completion of this transaction.
Also, Diez-Canseco Russell sold 36,948 shares, netting a total of over 926,286 in proceeds. Following the sale of shares at $25.07 each, the insider now holds 368,753 shares.
Before that, OHAYER MATTHEW had sold 7,462,777 shares from its account. In a trade valued at $188,509,747, the EXECUTIVE CHAIRPERSON traded Vital Farms Inc shares for $25.26 each. Upon closing the transaction, the insider’s holdings decreased to 7,462,777 shares, worth approximately $223.21 million.
As published in their initiating research note from William Blair on April 10, 2024, Vital Farms Inc [VITL] has been an Outperform. Analysts at DA Davidson started covering the stock with ‘”a Buy”‘ outlook in a report released in early December. As of September 13, 2023, TD Cowen has initiated its “Market perform” rating for VITL.
Analyzing VITL Stock Performance
During the last five days, there has been a surge of approximately 9.44%. Over the course of the year, Vital Farms Inc shares have jumped approximately 90.63%. Shares of the company reached a 52-week high of $30.05 on 05/08/24 and a 52-week low of $14.16 on 01/19/24. A 50-day SMA is recorded $23.86, while a 200-day SMA reached $15.74. Nevertheless, trading volume fell to 0.57 million shares from 0.65 million shares the previous day.
Support And Resistance Levels for Vital Farms Inc (VITL)
According to the 24-hour chart, there is a support level at 29.38, which, if violated, would cause prices to drop to 28.84. In the upper region, resistance lies at 30.25. The next price resistance is at 30.58. RSI (Relative Strength Index) is 85.20 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.09, which suggests the price will increase in the coming days. Percent R is at 2.64%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
