Honest Company Inc’s filing revealed that its 10% Owner THC Shared Abacus, LP unloaded Company’s shares for reported $8.05 million on Sep 18 ’24. In the deal valued at $3.50 per share,2,300,000 shares were sold. As a result of this transaction, THC Shared Abacus, LP now holds 9,869,803 shares worth roughly $47.97 million.
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Then, Winchell Stephen sold 6,938 shares, generating $29,695 in total proceeds. Upon selling the shares at $4.28, the EVP, Operations and R&D now owns 414,736 shares.
Before that, Loretta David sold 75,656 shares. Honest Company Inc shares valued at $323,808 were divested by the Chief Financial Officer at a price of $4.28 per share. As a result of the transaction, Loretta David now holds 987,757 shares, worth roughly $4.8 million.
B. Riley Securities initiated its Honest Company Inc [HNST] rating to a Buy in a research note published on September 10, 2024; the price target was $6.50. A number of analysts have revised their coverage, including Northland Capital’s analysts, who began to cover the stock in early August with a ‘”an Outperform”‘ rating. Loop Capital also remained covering HNST and has increased its forecast on June 25, 2024 with a “Buy” recommendation from previously “Hold” rating. Lake Street started covering the stock on April 04, 2024. It rated HNST as “a Buy”.
Price Performance Review of HNST
On Monday, Honest Company Inc [NASDAQ:HNST] saw its stock jump 10.71% to $4.86. Over the last five days, the stock has gained 26.56%. Honest Company Inc shares have risen nearly 47.27% since the year began. Nevertheless, the stocks have risen 228.38% over the past one year. While a 52-week high of $4.89 was reached on 03/07/24, a 52-week low of $1.21 was recorded on 06/24/24. SMA at 50 days reached $3.81, while 200 days put it at $3.47.
Levels Of Support And Resistance For HNST Stock
The 24-hour chart illustrates a support level at 4.62, which if violated will result in even more drops to 4.38. On the upside, there is a resistance level at 4.98. A further resistance level may holdings at 5.10. The Relative Strength Index (RSI) on the 14-day chart is 77.67, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.54, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 0.00%. Stochastics %K at 94.08% indicates the stock is a selling.
How much short interest is there in Honest Company Inc?
A steep rise in short interest was recorded in Honest Company Inc stocks on 2024-10-15, growing by 77898.0 shares to a total of 2.25 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 2.17 million shares. There was a rise of 3.46%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on February 06, 2024 when Alliance Global Partners began covering the stock and recommended ‘”a Buy”‘ rating along with a $5.75 price target.
