Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Vita Coco Company Inc shares valued at $526,715 were sold by ROPER MARTIN F on Nov 19 ’24. At $35.11 per share, ROPER MARTIN F sold 15,000 shares. The insider’s holdings dropped to 389,025 shares worth approximately $14.32 million following the completion of this transaction.
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Also, ROPER MARTIN F sold 15,000 shares, netting a total of over 526,150 in proceeds. Following the sale of shares at $35.08 each, the insider now holds 394,025 shares.
Before that, ROPER MARTIN F had sold 5,000 shares from its account. In a trade valued at $175,600, the Chief Executive Officer traded Vita Coco Company Inc shares for $35.12 each. Upon closing the transaction, the insider’s holdings decreased to 5,000 shares, worth approximately $15.9 million.
As published in a research note from Jefferies on July 24, 2024, Vita Coco Company Inc [COCO] has been retained to a Buy and the price target has been revised to $31. Analysts at Piper Sandler downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in mid July. As of February 29, 2024, Stephens has increased its “an Equal-weight” rating to a “an Overweight” for COCO. Earlier on January 22, 2024, William Blair downgraded its rating. Their new recommendation was “a Mkt perform” for COCO stock which previously was a “an Outperform”.
Analyzing COCO Stock Performance
During the last five days, there has been a surge of approximately 8.04%. Over the course of the year, Vita Coco Company Inc shares have jumped approximately 43.47%. Shares of the company reached a 52-week high of $36.84 on 11/20/24 and a 52-week low of $19.41 on 02/05/24. A 50-day SMA is recorded $30.48, while a 200-day SMA reached $26.87. Nevertheless, trading volume fell to 0.95 million shares from 0.43 million shares the previous day.
Support And Resistance Levels for Vita Coco Company Inc (COCO)
According to the 24-hour chart, there is a support level at 35.65, which, if violated, would cause prices to drop to 34.49. In the upper region, resistance lies at 37.40. The next price resistance is at 37.99. RSI (Relative Strength Index) is 74.86 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.91, which suggests the price will decrease in the coming days. Percent R is at 0.53%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
