Zevia PBC’s recently made public that its 10% Owner White Pine LLC unloaded Company’s shares for reported $0.1 million on Oct 03 ’24. In the deal valued at $1.08 per share,92,852 shares were sold. As a result of this transaction, White Pine LLC now holds 1,425,598 shares worth roughly $4.06 million.
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Then, White Pine LLC sold 5,017 shares, generating $5,268 in total proceeds. Upon selling the shares at $1.05, the 10% Owner now owns 1,518,450 shares.
Before that, White Pine LLC sold 36,249 shares. Zevia PBC shares valued at $38,786 were divested by the 10% Owner at a price of $1.07 per share. As a result of the transaction, White Pine LLC now holds 1,530,041 shares, worth roughly $4.36 million.
Telsey Advisory Group downgraded its Zevia PBC [ZVIA] rating to a Market perform from a an Outperform in a research note published on July 25, 2023; the price target was decreased to $4 from $5. A number of analysts have revised their coverage, including Goldman’s analysts, who decreased its forecast for the stock in late July from “a Buy” to “a Neutral”.
Price Performance Review of ZVIA
On Friday, Zevia PBC [NYSE:ZVIA] saw its stock jump 1.79% to $2.85. Over the last five days, the stock has gained 35.07%. Zevia PBC shares have risen nearly 41.79% since the year began. Nevertheless, the stocks have risen 39.02% over the past one year. While a 52-week high of $2.95 was reached on 12/06/24, a 52-week low of $0.62 was recorded on 07/08/24. SMA at 50 days reached $1.56, while 200 days put it at $1.14.
Levels Of Support And Resistance For ZVIA Stock
The 24-hour chart illustrates a support level at 2.67, which if violated will result in even more drops to 2.49. On the upside, there is a resistance level at 3.01. A further resistance level may holdings at 3.17. The Relative Strength Index (RSI) on the 14-day chart is 71.54, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.41, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 12.60%. Stochastics %K at 84.18% indicates the stock is a selling.
How much short interest is there in Zevia PBC?
A steep rise in short interest was recorded in Zevia PBC stocks on 2024-11-15, dropping by -0.22 million shares to a total of 0.5 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 0.72 million shares. There was a decline of -44.16%, which implies that there is a negative sentiment for the stock.
