Flowers Foods, Inc’s recently made public that its Director Casey Edward J. Jr. acquired Company’s shares for reported $0.12 million on Apr 02 ’24. In the deal valued at $23.55 per share,5,000 shares were bought. As a result of this transaction, Casey Edward J. Jr. now holds 20,330 shares worth roughly $0.41 million.
Then, THOMAS TERRY S sold 36,577 shares, generating $845,162 in total proceeds. Upon selling the shares at $23.11, the Chief Growth Officer now owns 42,740 shares.
Exane BNP Paribas initiated its Flowers Foods, Inc [FLO] rating to an Underperform in a research note published on July 10, 2024; the price target was $20. A number of analysts have revised their coverage, including DA Davidson’s analysts, who began to cover the stock in early March with a ‘”a Neutral”‘ rating. Deutsche Bank also remained covering FLO and has increased its forecast on March 03, 2023 with a “Hold” recommendation from previously “Sell” rating. Deutsche Bank revised its rating on December 06, 2022. It rated FLO as “a Sell” which previously was an “a Hold”.
Price Performance Review of FLO
On Tuesday, Flowers Foods, Inc [NYSE:FLO] saw its stock fall -0.20% to $20.10. Over the last five days, the stock has lost -2.19%. Flowers Foods, Inc shares have fallen nearly -2.71% since the year began. Nevertheless, the stocks have fallen -11.84% over the past one year. While a 52-week high of $26.12 was reached on 01/03/25, a 52-week low of $20.07 was recorded on 01/07/25. SMA at 50 days reached $21.63, while 200 days put it at $22.75.
Levels Of Support And Resistance For FLO Stock
The 24-hour chart illustrates a support level at 19.97, which if violated will result in even more drops to 19.84. On the upside, there is a resistance level at 20.27. A further resistance level may holdings at 20.45. The Relative Strength Index (RSI) on the 14-day chart is 29.80, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.47%. Stochastics %K at 20.22% indicates the stock is a holding.
How much short interest is there in Flowers Foods, Inc?
A steep rise in short interest was recorded in Flowers Foods, Inc stocks on 2024-12-13, growing by 2.61 million shares to a total of 7.18 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 4.57 million shares. There was a rise of 36.31%, which implies that there is a positive sentiment for the stock.
