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Taking a look at what insiders are doing to gauge the Vital Farms Inc (VITL)’s direction

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Vital Farms Inc shares valued at $145,750 were purchased by RUSSELL DIEZ-CANSECO on Nov 19 ’24. At $29.15 per share, RUSSELL DIEZ-CANSECO acquired 5,000 shares.

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Also, MATTHEW O’HAYER purchased 72,000 shares, netting a total of over 2,098,800 in proceeds.

Before that, Diez-Canseco Russell had sold 40,650 shares from its account. In a trade valued at $1,170,859, the PRESIDENT AND CEO traded Vital Farms Inc shares for $28.80 each. Upon closing the transaction, the insider’s holdings decreased to 40,650 shares, worth approximately $18.25 million.

As published in a research note from TD Cowen on August 09, 2024, Vital Farms Inc [VITL] has been rated up from a Hold to a Buy and the price target has been revised to $44. Analysts at Stifel downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early May. As of April 10, 2024, William Blair has initiated its “an Outperform” rating for VITL. Earlier on December 08, 2023, DA Davidson initiated its rating. Their recommendation was “a Buy” for VITL stock.

Analyzing VITL Stock Performance

During the last five days, there has been a surge of approximately 5.72%. Over the course of the year, Vital Farms Inc shares have jumped approximately 92.03%. Shares of the company reached a 52-week high of $48.41 on 07/01/24 and a 52-week low of $14.16 on 01/19/24. A 50-day SMA is recorded $34.75, while a 200-day SMA reached $32.13. Nevertheless, trading volume fell to 1.15 million shares from 1.52 million shares the previous day.

Support And Resistance Levels for Vital Farms Inc (VITL)

According to the 24-hour chart, there is a support level at 29.59, which, if violated, would cause prices to drop to 29.04. In the upper region, resistance lies at 30.64. The next price resistance is at 31.14. RSI (Relative Strength Index) is 38.33 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.34, which suggests the price will decrease in the coming days. Percent R is at 76.33%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

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