Honest Company Inc’s recently made public that its Officer Sheehey Brendan acquired Company’s shares for reported $0.75 million on Nov 18 ’24. In the deal valued at $7.01 per share,107,653 shares were bought.
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Then, Winchell Stephen bought 25,000 shares, generating $176,895 in total proceeds.
Before that, Jonathan Mayle bought 21,000 shares. Honest Company Inc shares valued at $136,500 were divested by the Officer at a price of $6.50 per share.
Telsey Advisory Group reiterated its Honest Company Inc [HNST] rating to a Market perform in a research note published on November 13, 2024; the price target was $6. A number of analysts have revised their coverage, including Alliance Global Partners’s analysts, who remained covering the stock and in mid November has reiterated a ‘”a Buy”‘ rating for it. B. Riley Securities began covering HNST with “Buy” recommendation on September 10, 2024. Northland Capital started covering the stock on August 06, 2024. It rated HNST as “an Outperform”.
Price Performance Review of HNST
On Monday, Honest Company Inc [NASDAQ:HNST] saw its stock jump 4.20% to $7.20. Over the last five days, the stock has gained 48.15%. Honest Company Inc shares have risen nearly 118.18% since the year began. Nevertheless, the stocks have risen 403.50% over the past one year. While a 52-week high of $7.14 was reached on 11/18/24, a 52-week low of $1.40 was recorded on 06/24/24. SMA at 50 days reached $4.03, while 200 days put it at $3.56.
Levels Of Support And Resistance For HNST Stock
The 24-hour chart illustrates a support level at 6.82, which if violated will result in even more drops to 6.44. On the upside, there is a resistance level at 7.48. A further resistance level may holdings at 7.76. The Relative Strength Index (RSI) on the 14-day chart is 90.35, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.00, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 4.89%. Stochastics %K at 93.33% 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 2024-10-31, dropping by -0.26 million shares to a total of 2.0 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 2.26 million shares. There was a decline of -13.26%, which implies that there is a negative sentiment for the stock.
