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An Analysis of Vital Farms Inc (VITL)’s Potential Price Growth

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In a filing, Vital Farms Inc revealed its Officer JASON DALE acquired Company’s shares for reported $1.11 million on Oct 08 ’24. In the deal valued at $38.68 per share,28,625 shares were bought.

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Then, OHAYER MATTHEW sold 24,000 shares, generating $782,432 in total proceeds. Upon selling the shares at $32.60, the EXECUTIVE CHAIRPERSON now owns 7,218,777 shares.

Before that, JASON DALE bought 196 shares. Vital Farms Inc shares valued at $6,406 were divested by the Former Affiliate at a price of $32.68 per share.

TD Cowen upgraded its Vital Farms Inc [VITL] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Stifel’s analysts, who decreased its forecast for the stock in early May from “a Buy” to “a Hold”. William Blair began covering VITL with “an Outperform” recommendation on April 10, 2024. DA Davidson started covering the stock on December 08, 2023. It rated VITL as “a Buy”.

Price Performance Review of VITL

On Friday, Vital Farms Inc [NASDAQ:VITL] saw its stock jump 2.69% to $39.77. Over the last five days, the stock has gained 9.50%. Vital Farms Inc shares have risen nearly 153.47% since the year began. Nevertheless, the stocks have risen 258.29% over the past one year. While a 52-week high of $48.41 was reached on 07/01/24, a 52-week low of $10.41 was recorded on 01/19/24. SMA at 50 days reached $33.16, while 200 days put it at $29.42.

Levels Of Support And Resistance For VITL Stock

The 24-hour chart illustrates a support level at 38.84, which if violated will result in even more drops to 37.92. On the upside, there is a resistance level at 40.45. A further resistance level may holdings at 41.14. The Relative Strength Index (RSI) on the 14-day chart is 71.18, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.63, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 7.32%. Stochastics %K at 88.56% indicates the stock is a selling.

How much short interest is there in Vital Farms Inc?

A steep rise in short interest was recorded in Vital Farms Inc stocks on 2024-09-30, growing by 0.79 million shares to a total of 8.5 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 7.7 million shares. There was a rise of 9.3%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on September 13, 2023 when TD Cowen began covering the stock and recommended ‘”a Market perform”‘ rating along with a $13 price target.

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