Honest Company Inc’s filing revealed that its Chief Growth Officer Barton Katherine unloaded Company’s shares for reported $0.19 million on May 21 ’24. In the deal valued at $2.77 per share,67,930 shares were sold. As a result of this transaction, Barton Katherine now holds 933,005 shares worth roughly $2.41 million.
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Then, Vernon Carla sold 43,317 shares, generating $119,988 in total proceeds. Upon selling the shares at $2.77, the Chief Executive Officer now owns 2,881,070 shares.
Before that, Sternweis Thomas sold 10,047 shares. Honest Company Inc shares valued at $27,830 were divested by the SVP, Enterprise Dev. & Strat. at a price of $2.77 per share. As a result of the transaction, Sternweis Thomas now holds 237,211 shares, worth roughly $0.61 million.
Lake Street initiated its Honest Company Inc [HNST] rating to a Buy in a research note published on April 04, 2024; the price target was $6. A number of analysts have revised their coverage, including Alliance Global Partners’s analysts, who began to cover the stock in early February with a ‘”a Buy”‘ rating. Telsey Advisory Group also remained covering HNST and has decreased its forecast on March 17, 2023 with a “Market perform” recommendation from previously “an Outperform” rating. Loop Capital revised its rating on June 09, 2022. It rated HNST as “a Hold” which previously was an “a Buy”.
Price Performance Review of HNST
On Friday, Honest Company Inc [NASDAQ:HNST] saw its stock fall -0.39% to $2.58. Over the last five days, the stock has lost -4.09%. Honest Company Inc shares have fallen nearly -21.82% since the year began. Nevertheless, the stocks have risen 59.26% over the past one year. While a 52-week high of $4.89 was reached on 03/07/24, a 52-week low of $1.06 was recorded on 06/07/24. SMA at 50 days reached $3.09, while 200 days put it at $2.54. A total of 0.51 million shares were traded, compared to the trading of 0.48 million shares in the previous session.
Levels Of Support And Resistance For HNST Stock
The 24-hour chart illustrates a support level at 2.53, which if violated will result in even more drops to 2.47. On the upside, there is a resistance level at 2.65. A further resistance level may holdings at 2.71. The Relative Strength Index (RSI) on the 14-day chart is 32.97, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.47%. Stochastics %K at 9.52% indicates the stock is a buying.
