In a filing, BARK Inc revealed its Director Werdelin Henrik unloaded Company’s shares for reported $0.18 million on Aug 27 ’24. In the deal valued at $1.75 per share,100,000 shares were sold. As a result of this transaction, Werdelin Henrik now holds 10,940,385 shares worth roughly $17.61 million.
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Then, Werdelin Henrik bought 100,000 shares, generating $175,390 in total proceeds.
Before that, Meeker Matt bought 38,461 shares. BARK Inc shares valued at $53,530 were divested by the Executive Chairman at a price of $1.39 per share. As a result of the transaction, Meeker Matt now holds 9,980,783 shares, worth roughly $16.07 million.
Jefferies upgraded its BARK Inc [BARK] rating to a Buy from a a Hold in a research note published on March 05, 2024; the price target was increased to $1.90 from $1.54. A number of analysts have revised their coverage, including Jefferies’s analysts, who began to cover the stock in mid December with a ‘”a Hold”‘ rating. Canaccord Genuity also remained covering BARK and has decreased its forecast on November 09, 2023 with a “Hold” recommendation from previously “Buy” rating. Citigroup started covering the stock on December 13, 2022. It rated BARK as “a Buy”.
Price Performance Review of BARK
On Tuesday, BARK Inc [NYSE:BARK] saw its stock jump 2.55% to $1.61. Over the last five days, the stock has lost -1.23%. BARK Inc shares have risen nearly 99.88% since the year began. Nevertheless, the stocks have risen 51.89% over the past one year. While a 52-week high of $1.91 was reached on 06/27/24, a 52-week low of $0.70 was recorded on 01/05/24. SMA at 50 days reached $1.6406, while 200 days put it at $1.3514.
Levels Of Support And Resistance For BARK Stock
The 24-hour chart illustrates a support level at 1.5667, which if violated will result in even more drops to 1.5233. On the upside, there is a resistance level at 1.6467. A further resistance level may holdings at 1.6833. The Relative Strength Index (RSI) on the 14-day chart is 47.30, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0138, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 68.75%. Stochastics %K at 25.83% indicates the stock is a holding.
How much short interest is there in BARK Inc?
A steep rise in short interest was recorded in BARK Inc stocks on 2024-09-30, dropping by -0.36 million shares to a total of 13.17 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 13.53 million shares. There was a decline of -2.75%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on December 08, 2022 when Lake Street began covering the stock and recommended ‘”a Buy”‘ rating along with a $5 price target.
