Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Honest Company Inc shares valued at $256,900 were purchased by WHITE JAMES D on Aug 13 ’24. At $3.67 per share, WHITE JAMES D acquired 70,000 shares.
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Also, Sheehey Brendan sold 8,583 shares, netting a total of over 23,775 in proceeds. Following the sale of shares at $2.77 each, the insider now holds 526,037 shares.
Before that, Vernon Carla had sold 43,317 shares from its account. In a trade valued at $119,988, the Chief Executive Officer traded Honest Company Inc shares for $2.77 each. Upon closing the transaction, the insider’s holdings decreased to 43,317 shares, worth approximately $11.24 million.
As published in their initiating research note from Northland Capital on August 06, 2024, Honest Company Inc [HNST] has been an Outperform and the price target has been revised to $6. Analysts at Loop Capital upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in late June. As of April 04, 2024, Lake Street has initiated its “Buy” rating for HNST. Earlier on February 06, 2024, Alliance Global Partners initiated its rating. Their recommendation was “a Buy” for HNST stock.
Analyzing HNST Stock Performance
During the last five days, there has been a surge of approximately 25.00%. Over the course of the year, Honest Company Inc shares have jumped approximately 18.18%. Shares of the company reached a 52-week high of $4.89 on 03/07/24 and a 52-week low of $2.40 on 06/24/24. A 50-day SMA is recorded $3.15, while a 200-day SMA reached $2.98. Nevertheless, trading volume fell to 1.27 million shares from 1.91 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 3.82, which, if violated, would cause prices to drop to 3.74. In the upper region, resistance lies at 4.03. The next price resistance is at 4.16. RSI (Relative Strength Index) is 60.47 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.27, which suggests the price will decrease in the coming days. Percent R is at 18.02%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
