Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. YETI Holdings Inc shares valued at $33,615 were sold by McMullen Michael John on Dec 11 ’24. At $45.00 per share, McMullen Michael John sold 747 shares. The insider’s holdings dropped to 45,877 shares worth approximately $1.81 million following the completion of this transaction.
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Also, McMullen Michael John purchased 747 shares, netting a total of over 33,615 in proceeds.
Before that, McMullen Michael John had sold 748 shares from its account. In a trade valued at $29,920, the CFO traded YETI Holdings Inc shares for $40.00 each. Upon closing the transaction, the insider’s holdings decreased to 748 shares, worth approximately $1.84 million.
As published in a research note from BofA Securities on November 06, 2024, YETI Holdings Inc [YETI] has been rated down from a Buy to a Neutral. Analysts at BofA Securities upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early August. As of January 04, 2024, Canaccord Genuity has decreased its “Buy” rating to a “Hold” for YETI. Earlier on October 05, 2023, Exane BNP Paribas downgraded its rating. Their new recommendation was “a Neutral” for YETI stock which previously was a “an Outperform”.
Analyzing YETI Stock Performance
During the last five days, there has been a drop of approximately -3.41%. Over the course of the year, YETI Holdings Inc shares have dropped approximately -23.95%. Shares of the company reached a 52-week high of $51.24 on 01/02/24 and a 52-week low of $33.41 on 11/06/24. A 50-day SMA is recorded $39.43, while a 200-day SMA reached $39.19. Nevertheless, trading volume fell to 1.23 million shares from 0.53 million shares the previous day.
Support And Resistance Levels for YETI Holdings Inc (YETI)
According to the 24-hour chart, there is a support level at 38.90, which, if violated, would cause prices to drop to 38.42. In the upper region, resistance lies at 39.77. The next price resistance is at 40.16. RSI (Relative Strength Index) is 41.80 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.53, which suggests the price will decrease in the coming days. Percent R is at 90.45%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
