YETI Holdings Inc’s recently made public that its CFO McMullen Michael John unloaded Company’s shares for reported $29920.0 on Aug 29 ’24. In the deal valued at $40.00 per share,748 shares were sold. As a result of this transaction, McMullen Michael John now holds 46,624 shares worth roughly $1.86 million.
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Then, McMullen Michael John bought 748 shares, generating $29,920 in total proceeds.
BofA Securities downgraded its YETI Holdings Inc [YETI] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in early August from “a Neutral” to “a Buy”. Canaccord Genuity also remained covering YETI and has decreased its forecast on January 04, 2024 with a “Hold” recommendation from previously “Buy” rating. Exane BNP Paribas revised its rating on October 05, 2023. It rated YETI as “a Neutral” which previously was an “an Outperform”.
Price Performance Review of YETI
On Tuesday, YETI Holdings Inc [NYSE:YETI] saw its stock fall -1.73% to $39.82. Over the last five days, the stock has gained 4.76%. YETI Holdings Inc shares have fallen nearly -23.10% since the year began. Nevertheless, the stocks have fallen -6.44% over the past one year. While a 52-week high of $54.15 was reached on 01/02/24, a 52-week low of $33.41 was recorded on 11/06/24. SMA at 50 days reached $39.00, while 200 days put it at $39.05.
Levels Of Support And Resistance For YETI Stock
The 24-hour chart illustrates a support level at 39.38, which if violated will result in even more drops to 38.95. On the upside, there is a resistance level at 40.17. A further resistance level may holdings at 40.52. The Relative Strength Index (RSI) on the 14-day chart is 55.35, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.76, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 43.19%. Stochastics %K at 68.18% indicates the stock is a holding.
How much short interest is there in YETI Holdings Inc?
A steep rise in short interest was recorded in YETI Holdings Inc stocks on 2024-11-15, growing by 3.99 million shares to a total of 10.67 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 6.68 million shares. There was a rise of 37.41%, which implies that there is a positive sentiment for the stock.
