The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Coffee Holding Co Inc shares valued at $21,500 were purchased by GORDON ANDREW on Jul 01 ’24. At $2.15 per share, GORDON ANDREW acquired 10,000 shares. The insider’s holdings grew to 39,000 shares worth approximately $82290.0 following the completion of this transaction.
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Also, GORDON ANDREW purchased 5,000 shares, netting a total of over 12,000 in proceeds. Following the buying of shares at $2.40 each, the insider now holds 29,000 shares.
Before that, GORDON ANDREW had added 10,000 shares to its account. In a trade valued at $20,888, the CEO and President bought Coffee Holding Co Inc shares for $2.09 each. Upon closing the transaction, the insider’s holdings increased to 10,000 shares, worth approximately $50640.0.
As published in a research note from Maxim Group on January 31, 2020, Coffee Holding Co Inc [JVA] has been retained to a Buy and the price target has been revised to $7. Analysts at Maxim Group resumed the stock at ‘”a Buy”‘ outlook in a report released in early March. As of January 30, 2018, Maxim Group has reiterated its “Buy” rating for JVA.
Analyzing JVA Stock Performance
During the last five days, there has been a surge of approximately 8.21%. Over the course of the year, Coffee Holding Co Inc shares have jumped approximately 131.87%. Shares of the company reached a 52-week high of $2.46 on 06/28/24 and a 52-week low of $0.85 on 01/03/24. A 50-day SMA is recorded $1.56, while a 200-day SMA reached $1.18. Nevertheless, trading volume fell to 53583.0 shares from 0.14 million shares the previous day.
Support And Resistance Levels for Coffee Holding Co Inc (JVA)
According to the 24-hour chart, there is a support level at 2.01, which, if violated, would cause prices to drop to 1.89. In the upper region, resistance lies at 2.32. The next price resistance is at 2.51. RSI (Relative Strength Index) is 67.55 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.32, which suggests the price will decrease in the coming days. Percent R is at 29.31%, indicating bullish price movement. Stochastics%K at holding indicates that the stock is to be held.
