Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Westrock Coffee Company shares valued at $8,496 were purchased by Ford William A on Sep 03 ’24. At $7.78 per share, Ford William A acquired 1,092 shares. The insider’s holdings grew to 436,190 shares worth approximately $3.51 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, FORD JOE T purchased 5,000 shares, netting a total of over 38,200 in proceeds. Following the buying of shares at $7.64 each, the insider now holds 244,445 shares.
Before that, HF Direct Investments Pool, LL had sold 3,629 shares from its account. In a trade valued at $36,435, the 10% Owner traded Westrock Coffee Company shares for $10.04 each. Upon closing the transaction, the insider’s holdings decreased to 3,629 shares, worth approximately $102.17 million.
As published in a research note from Telsey Advisory Group on May 10, 2024, Westrock Coffee Company [WEST] has been retained to an Outperform and the price target has been revised to $14. Analysts at Telsey Advisory Group resumed the stock at ‘”an Outperform”‘ outlook in a report released in mid February. Earlier on September 23, 2022, Stifel initiated its rating. Their recommendation was “a Buy” for WEST stock.
Analyzing WEST Stock Performance
During the last five days, there has been a drop of approximately -5.52%. Over the course of the year, Westrock Coffee Company shares have dropped approximately -21.25%. Shares of the company reached a 52-week high of $11.21 on 02/16/24 and a 52-week low of $7.58 on 09/03/24. A 50-day SMA is recorded $9.48, while a 200-day SMA reached $9.90. Nevertheless, trading volume fell to 0.36 million shares from 0.39 million shares the previous day.
Support And Resistance Levels for Westrock Coffee Company (WEST)
According to the 24-hour chart, there is a support level at 7.74, which, if violated, would cause prices to drop to 7.45. In the upper region, resistance lies at 8.20. The next price resistance is at 8.37. RSI (Relative Strength Index) is 30.35 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.58, which suggests the price will decrease in the coming days. Percent R is at 78.39%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
