In a filing, YETI Holdings Inc revealed its CFO McMullen Michael John unloaded Company’s shares for reported $29920.0 on Aug 29 ’24. In the deal valued at $40.00 per share,748 shares were sold. As a result of this transaction, McMullen Michael John now holds 46,624 shares worth roughly $1.93 million.
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Then, McMullen Michael John bought 748 shares, generating $29,920 in total proceeds.
BofA Securities upgraded its YETI Holdings Inc [YETI] rating to a Buy from a a Neutral in a research note published on August 08, 2024; the price target was increased to $55 from $46. A number of analysts have revised their coverage, including Canaccord Genuity’s analysts, who decreased its forecast for the stock in early January from “a Buy” to “a Hold”. Exane BNP Paribas also remained covering YETI and has decreased its forecast on October 05, 2023 with a “Neutral” recommendation from previously “an Outperform” rating.
Price Performance Review of YETI
On Tuesday, YETI Holdings Inc [NYSE:YETI] saw its stock jump 0.93% to $41.39. Over the last five days, the stock has lost -0.62%. YETI Holdings Inc shares have fallen nearly -20.07% since the year began. Nevertheless, the stocks have risen 1.22% over the past one year. While a 52-week high of $54.15 was reached on 01/02/24, a 52-week low of $33.88 was recorded on 05/02/24. SMA at 50 days reached $39.99, while 200 days put it at $40.24.
Levels Of Support And Resistance For YETI Stock
The 24-hour chart illustrates a support level at 40.92, which if violated will result in even more drops to 40.44. On the upside, there is a resistance level at 41.82. A further resistance level may holdings at 42.24. The Relative Strength Index (RSI) on the 14-day chart is 56.98, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.29, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 40.17%. Stochastics %K at 66.62% indicates the stock is a holding.
How much short interest is there in YETI Holdings Inc?
A steep rise in short interest was recorded in YETI Holdings Inc stocks on 2024-09-30, dropping by -0.12 million shares to a total of 6.69 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 6.82 million shares. There was a decline of -1.85%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on September 21, 2023 when B. Riley Securities began covering the stock and recommended ‘”a Neutral”‘ rating along with a $50 price target.
