Westrock Coffee Company’s filing revealed that its Director FORD JOE T acquired Company’s shares for reported $34850.0 on Sep 12 ’24. In the deal valued at $6.97 per share,5,000 shares were bought. As a result of this transaction, FORD JOE T now holds 249,445 shares worth roughly $1.8 million.
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Then, Umesiri Oluwatoyin sold 11,500 shares, generating $92,805 in total proceeds. Upon selling the shares at $8.07, the Director now owns 14,240 shares.
Before that, Ford William A bought 1,092 shares. Westrock Coffee Company shares valued at $8,496 were divested by the GROUP PRESIDENT, OPERATIONS at a price of $7.78 per share. As a result of the transaction, Ford William A now holds 436,190 shares, worth roughly $3.14 million.
Telsey Advisory Group reiterated its Westrock Coffee Company [WEST] rating to an Outperform in a research note published on May 10, 2024; the price target was $14. A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who remained covering the stock and in mid February has reiterated a ‘”an Outperform”‘ rating for it. Stifel started covering the stock on September 23, 2022. It rated WEST as “a Buy”.
Price Performance Review of WEST
On Tuesday, Westrock Coffee Company [NASDAQ:WEST] saw its stock jump 5.65% to $7.20. Over the last five days, the stock has lost -8.51%. Westrock Coffee Company shares have fallen nearly -29.48% since the year began. Nevertheless, the stocks have fallen -28.71% over the past one year. While a 52-week high of $11.21 was reached on 02/16/24, a 52-week low of $6.80 was recorded on 09/17/24. SMA at 50 days reached $9.01, while 200 days put it at $9.84.
Levels Of Support And Resistance For WEST Stock
The 24-hour chart illustrates a support level at 6.80, which if violated will result in even more drops to 6.40. On the upside, there is a resistance level at 7.56. A further resistance level may holdings at 7.92. The Relative Strength Index (RSI) on the 14-day chart is 31.46, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.80, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.03%. Stochastics %K at 7.92% indicates the stock is a buying.
How much short interest is there in Westrock Coffee Company?
A steep rise in short interest was recorded in Westrock Coffee Company stocks on 2024-08-30, growing by 0.23 million shares to a total of 5.7 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 5.47 million shares. There was a rise of 3.99%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on September 22, 2022 when Stephens began covering the stock and recommended ‘”an Overweight”‘ rating along with a $13 price target.
