KD Logo

The Potential Rise in the Price of Westrock Coffee Company (WEST) following insiders activity

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 $1.48 million.

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

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 $2.6 million.

Craig Hallum initiated its Westrock Coffee Company [WEST] rating to a Buy in a research note published on September 23, 2024; the price target was $13. A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who remained covering the stock and in early May has reiterated a ‘”an Outperform”‘ rating for it. Telsey Advisory Group also remained covering WEST and reiterated its “an Outperform” recommendation on February 16, 2024.

Price Performance Review of WEST

On Friday, Westrock Coffee Company [NASDAQ:WEST] saw its stock fall -3.17% to $5.95. Over the last five days, the stock has lost -10.79%. Westrock Coffee Company shares have fallen nearly -41.72% since the year began. Nevertheless, the stocks have fallen -33.22% over the past one year. While a 52-week high of $11.21 was reached on 02/16/24, a 52-week low of $6.00 was recorded on 10/04/24. SMA at 50 days reached $8.15, while 200 days put it at $9.65.

Levels Of Support And Resistance For WEST Stock

The 24-hour chart illustrates a support level at 5.85, which if violated will result in even more drops to 5.74. On the upside, there is a resistance level at 6.14. A further resistance level may holdings at 6.32. The Relative Strength Index (RSI) on the 14-day chart is 24.82, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.57, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.74%. Stochastics %K at 6.84% 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 2024-09-13, growing by 0.54 million shares to a total of 5.97 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 5.43 million shares. There was a rise of 9.06%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on September 23, 2022 when Stifel began covering the stock and recommended ‘”a Buy”‘ rating along with a $12 price target.

Most Popular