Vita Coco Company Inc’s recently made public that its Chief Operating Officer Burth Jonathan unloaded Company’s shares for reported $27186.0 on Oct 22 ’24. In the deal valued at $30.04 per share,905 shares were sold. As a result of this transaction, Burth Jonathan now holds 123,300 shares worth roughly $3.8 million.
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Then, Burth Jonathan sold 400 shares, generating $12,000 in total proceeds. Upon selling the shares at $30.00, the Chief Operating Officer now owns 124,205 shares.
Before that, Burth Jonathan sold 2,244 shares. Vita Coco Company Inc shares valued at $67,336 were divested by the Chief Operating Officer at a price of $30.01 per share. As a result of the transaction, Burth Jonathan now holds 124,605 shares, worth roughly $3.84 million.
Jefferies reiterated its Vita Coco Company Inc [COCO] rating to a Buy in a research note published on July 24, 2024; the price target was $31. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who decreased its forecast for the stock in mid July from “an Overweight” to “a Neutral”. Stephens also remained covering COCO and has increased its forecast on February 29, 2024 with a “an Overweight” recommendation from previously “an Equal-weight” rating. William Blair revised its rating on January 22, 2024. It rated COCO as “a Mkt perform” which previously was an “an Outperform”.
Price Performance Review of COCO
On Tuesday, Vita Coco Company Inc [NASDAQ:COCO] saw its stock jump 3.99% to $30.78. Over the last five days, the stock has gained 3.08%. Vita Coco Company Inc shares have risen nearly 20.00% since the year began. Nevertheless, the stocks have risen 26.35% over the past one year. While a 52-week high of $31.42 was reached on 06/13/24, a 52-week low of $19.41 was recorded on 02/05/24. SMA at 50 days reached $27.64, while 200 days put it at $25.84.
Levels Of Support And Resistance For COCO Stock
The 24-hour chart illustrates a support level at 29.81, which if violated will result in even more drops to 28.84. On the upside, there is a resistance level at 31.28. A further resistance level may holdings at 31.78. The Relative Strength Index (RSI) on the 14-day chart is 68.11, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.65, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 1.03%. Stochastics %K at 84.16% indicates the stock is a selling.
How much short interest is there in Vita Coco Company Inc?
A steep rise in short interest was recorded in Vita Coco Company Inc stocks on 2024-10-15, growing by 0.18 million shares to a total of 5.64 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 5.47 million shares. There was a rise of 3.13%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on November 13, 2023 when Jefferies began covering the stock and recommended ‘”a Buy”‘ rating along with a $33 price target.
