Flowers Foods, Inc.’s recently made public that its Director Casey Edward J. Jr. acquired Company’s shares for reported $0.12 million on Apr 02 ’24. In the deal valued at $23.55 per share,5,000 shares were bought. As a result of this transaction, Casey Edward J. Jr. now holds 20,330 shares worth roughly $0.46 million.
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Then, THOMAS TERRY S sold 36,577 shares, generating $845,162 in total proceeds. Upon selling the shares at $23.11, the Chief Growth Officer now owns 42,740 shares.
Before that, KINSEY R STEVE bought 1,780 shares. Flowers Foods, Inc. shares valued at $39,982 were divested by the Chief Financial Officer & CAO at a price of $22.46 per share. As a result of the transaction, KINSEY R STEVE now holds 399,520 shares, worth roughly $9.07 million.
Exane BNP Paribas initiated its Flowers Foods, Inc. [FLO] rating to an Underperform in a research note published on July 10, 2024; the price target was $20. A number of analysts have revised their coverage, including DA Davidson’s analysts, who began to cover the stock in early March with a ‘”a Neutral”‘ rating. Deutsche Bank also remained covering FLO and has increased its forecast on March 03, 2023 with a “Hold” recommendation from previously “Sell” rating. Deutsche Bank revised its rating on December 06, 2022. It rated FLO as “a Sell” which previously was an “a Hold”.
Price Performance Review of FLO
On Tuesday, Flowers Foods, Inc. [NYSE:FLO] saw its stock jump 1.93% to $22.71. Over the last five days, the stock has gained 3.46%. Flowers Foods, Inc. shares have risen nearly 0.89% since the year began. Nevertheless, the stocks have fallen -8.28% over the past one year. While a 52-week high of $26.33 was reached on 05/15/24, a 52-week low of $19.64 was recorded on 07/11/24. SMA at 50 days reached $22.58, while 200 days put it at $22.66. A total of 1.48 million shares were traded, compared to the trading of 1.5 million shares in the previous session.
Levels Of Support And Resistance For FLO Stock
The 24-hour chart illustrates a support level at 22.31, which if violated will result in even more drops to 21.92. On the upside, there is a resistance level at 22.93. A further resistance level may holdings at 23.16. The Relative Strength Index (RSI) on the 14-day chart is 57.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.32, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 8.21%. Stochastics%K at 76.19% indicates the stock is a holding.
