Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Westrock Coffee Company shares valued at $34,850 were purchased by FORD JOE T on Sep 12 ’24. At $6.97 per share, FORD JOE T acquired 5,000 shares. The insider’s holdings grew to 249,445 shares worth approximately $1.82 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, Umesiri Oluwatoyin sold 11,500 shares, netting a total of over 92,805 in proceeds. Following the sale of shares at $8.07 each, the insider now holds 14,240 shares.
Before that, Ford William A had added 1,092 shares to its account. In a trade valued at $8,496, the GROUP PRESIDENT, OPERATIONS bought Westrock Coffee Company shares for $7.78 each. Upon closing the transaction, the insider’s holdings increased to 1,092 shares, worth approximately $3.18 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 -12.81%. Over the course of the year, Westrock Coffee Company shares have dropped approximately -28.70%. Shares of the company reached a 52-week high of $11.21 on 02/16/24 and a 52-week low of $6.88 on 09/12/24. A 50-day SMA is recorded $9.20, while a 200-day SMA reached $9.87. Nevertheless, trading volume fell to 0.59 million shares from 0.44 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 6.98, which, if violated, would cause prices to drop to 6.68. In the upper region, resistance lies at 7.48. The next price resistance is at 7.68. RSI (Relative Strength Index) is 25.12 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.63, which suggests the price will decrease in the coming days. Percent R is at 85.82%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
