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TD Cowen upgrades Vital Farms Inc (VITL) stock to a Buy

Vital Farms Inc’s recently made public that its EXECUTIVE CHAIRPERSON OHAYER MATTHEW unloaded Company’s shares for reported $0.94 million on Oct 21 ’24. In the deal valued at $39.09 per share,24,000 shares were sold. As a result of this transaction, OHAYER MATTHEW now holds 7,194,777 shares worth roughly $248.65 million.

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Then, MATTHEW O’HAYER bought 24,000 shares, generating $968,400 in total proceeds.

Before that, Diez-Canseco Russell sold 44,653 shares. Vital Farms Inc shares valued at $1,789,246 were divested by the PRESIDENT AND CEO at a price of $40.07 per share. As a result of the transaction, Diez-Canseco Russell now holds 537,349 shares, worth roughly $18.57 million.

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 fall -0.35% to $34.56. Over the last five days, the stock has lost -2.29%. Vital Farms Inc shares have risen nearly 120.27% since the year began. Nevertheless, the stocks have risen 204.76% over the past one year. While a 52-week high of $48.41 was reached on 07/01/24, a 52-week low of $10.76 was recorded on 01/19/24. SMA at 50 days reached $34.80, while 200 days put it at $31.09.

Levels Of Support And Resistance For VITL Stock

The 24-hour chart illustrates a support level at 33.94, which if violated will result in even more drops to 33.31. On the upside, there is a resistance level at 35.39. A further resistance level may holdings at 36.21. The Relative Strength Index (RSI) on the 14-day chart is 40.33, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.04%. Stochastics %K at 17.36% indicates the stock is a buying.

How much short interest is there in Vital Farms Inc?

A steep rise in short interest was recorded in Vital Farms Inc stocks on 2024-10-15, growing by 1.54 million shares to a total of 9.63 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 8.09 million shares. There was a rise of 15.97%, 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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