Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Honest Company Inc shares valued at $29,695 were sold by Winchell Stephen on Aug 21 ’24. At $4.28 per share, Winchell Stephen sold 6,938 shares. The insider’s holdings dropped to 414,736 shares worth approximately $1.65 million following the completion of this transaction.
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Also, Loretta David sold 75,656 shares, netting a total of over 323,808 in proceeds. Following the sale of shares at $4.28 each, the insider now holds 987,757 shares.
Before that, Vernon Carla had sold 52,751 shares from its account. In a trade valued at $225,774, the Chief Executive Officer traded Honest Company Inc shares for $4.28 each. Upon closing the transaction, the insider’s holdings decreased to 52,751 shares, worth approximately $11.28 million.
As published in their initiating research note from B. Riley Securities on September 10, 2024, Honest Company Inc [HNST] has been a Buy and the price target has been revised to $6.50. Analysts at Northland Capital started covering the stock with ‘”an Outperform”‘ outlook in a report released in early August. As of June 25, 2024, Loop Capital has increased its “Hold” rating to a “Buy” for HNST. Earlier on April 04, 2024, Lake Street initiated its rating. Their recommendation was “a Buy” for HNST stock.
Analyzing HNST Stock Performance
During the last five days, there has been a drop of approximately -3.39%. Over the course of the year, Honest Company Inc shares have jumped approximately 20.91%. 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 $3.77, while a 200-day SMA reached $3.25. Nevertheless, trading volume fell to 1.01 million shares from 1.39 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 3.89, which, if violated, would cause prices to drop to 3.80. In the upper region, resistance lies at 4.05. The next price resistance is at 4.11. RSI (Relative Strength Index) is 48.89 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 84.15%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
