Honest Company Inc’s recent filing unveils that its Director Warren Jessica unloaded Company’s shares for reported $3.51 million on Dec 10 ’24. In the deal valued at $7.55 per share,465,000 shares were sold. As a result of this transaction, Warren Jessica now holds 1,170,058 shares worth roughly $7.8 million.
Then, Jessica Warren bought 465,000 shares, generating $3,510,750 in total proceeds.
Before that, Sheehey Brendan sold 92,138 shares. Honest Company Inc shares valued at $748,818 were divested by the General Counsel at a price of $8.13 per share. As a result of the transaction, Sheehey Brendan now holds 516,816 shares, worth roughly $3.45 million.
Loop Capital downgraded its Honest Company Inc [HNST] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who remained covering the stock and in mid November has reiterated a ‘”a Market perform”‘ rating for it. Alliance Global Partners also remained covering HNST and reiterated its “Buy” recommendation on November 13, 2024. B. Riley Securities started covering the stock on September 10, 2024. It rated HNST as “a Buy”.
Price Performance Review of HNST
On Friday, Honest Company Inc [NASDAQ:HNST] saw its stock fall -1.77% to $6.67. Over the last five days, the stock has lost -5.39%. Honest Company Inc shares have fallen nearly -3.75% since the year began. Nevertheless, the stocks have risen 131.60% over the past one year. While a 52-week high of $8.97 was reached on 01/02/25, a 52-week low of $2.40 was recorded on 01/03/25. SMA at 50 days reached $6.35, while 200 days put it at $4.16.
Levels Of Support And Resistance For HNST Stock
The 24-hour chart illustrates a support level at 6.57, which if violated will result in even more drops to 6.48. On the upside, there is a resistance level at 6.80. A further resistance level may holdings at 6.94. The Relative Strength Index (RSI) on the 14-day chart is 45.63, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.21%. Stochastics %K at 36.73% indicates the stock is a holding.
How much short interest is there in Honest Company Inc?
A steep rise in short interest was recorded in Honest Company Inc stocks on 2024-12-13, growing by 0.92 million shares to a total of 2.58 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 1.67 million shares. There was a rise of 35.45%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on August 06, 2024 when Northland Capital began covering the stock and recommended ‘”an Outperform”‘ rating along with a $6 price target.
