Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Vital Farms Inc shares valued at $4,455,598 were sold by Diez-Canseco Russell on Aug 12 ’24. At $30.62 per share, Diez-Canseco Russell sold 145,502 shares. The insider’s holdings dropped to 515,404 shares worth approximately $15.77 million following the completion of this transaction.
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Also, RUSSELL DIEZ-CANSECO purchased 100,000 shares, netting a total of over 3,071,380 in proceeds.
Before that, RUSSELL DIEZ-CANSECO had added 45,502 shares to its account. In a trade valued at $1,386,446, the Director bought Vital Farms Inc shares for $30.47 each.
As published in a research note from TD Cowen on August 09, 2024, Vital Farms Inc [VITL] has been rated up from a Hold to a Buy and the price target has been revised to $44. Analysts at Stifel downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early May. As of April 10, 2024, William Blair has initiated its “an Outperform” rating for VITL. Earlier on December 08, 2023, DA Davidson initiated its rating. Their recommendation was “a Buy” for VITL stock.
Analyzing VITL Stock Performance
During the last five days, there has been a drop of approximately -2.86%. Over the course of the year, Vital Farms Inc shares have jumped approximately 95.03%. Shares of the company reached a 52-week high of $48.41 on 07/01/24 and a 52-week low of $14.16 on 01/19/24. A 50-day SMA is recorded $39.99, while a 200-day SMA reached $25.40. Nevertheless, trading volume fell to 0.94 million shares from 1.08 million shares the previous day.
Support And Resistance Levels for Vital Farms Inc (VITL)
According to the 24-hour chart, there is a support level at 29.95, which, if violated, would cause prices to drop to 29.29. In the upper region, resistance lies at 31.67. The next price resistance is at 32.74. RSI (Relative Strength Index) is 29.93 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.68, which suggests the price will decrease in the coming days. Percent R is at 88.60%, indicating bearish price movement. Stochastics%K at buying indicates that the stock is to be held.
