Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Honest Company Inc shares valued at $188,166 were sold by Barton Katherine on May 21 ’24. At $2.77 per share, Barton Katherine sold 67,930 shares. The insider’s holdings dropped to 933,005 shares worth approximately $2.48 million following the completion of this transaction.
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Also, Vernon Carla sold 43,317 shares, netting a total of over 119,988 in proceeds. Following the sale of shares at $2.77 each, the insider now holds 2,881,070 shares.
Before that, Sternweis Thomas had sold 10,047 shares from its account. In a trade valued at $27,830, the SVP, Enterprise Dev. & Strat. traded Honest Company Inc shares for $2.77 each. Upon closing the transaction, the insider’s holdings decreased to 10,047 shares, worth approximately $0.63 million.
As published in their initiating research note from Lake Street on April 04, 2024, Honest Company Inc [HNST] has been a Buy and the price target has been revised to $6. Analysts at Alliance Global Partners started covering the stock with ‘”a Buy”‘ outlook in a report released in early February. As of March 17, 2023, Telsey Advisory Group has decreased its “an Outperform” rating to a “Market perform” for HNST. Earlier on June 09, 2022, Loop Capital downgraded its rating. Their new recommendation was “a Hold” for HNST stock which previously was a “a Buy”.
Analyzing HNST Stock Performance
During the last five days, there has been a drop of approximately -11.04%. Over the course of the year, Honest Company Inc shares have dropped approximately -19.39%. Shares of the company reached a 52-week high of $4.89 on 03/07/24 and a 52-week low of $2.61 on 01/17/24. A 50-day SMA is recorded $3.39, while a 200-day SMA reached $2.48. Nevertheless, trading volume fell to 0.71 million shares from 0.47 million shares the previous day.
Support And Resistance Levels for Honest Company Inc (HNST)
According to the 24-hour chart, there is a support level at 2.61, which, if violated, would cause prices to drop to 2.57. In the upper region, resistance lies at 2.73. The next price resistance is at 2.80. RSI (Relative Strength Index) is 31.44 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.20, which suggests the price will decrease in the coming days. Percent R is at 96.55%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
