Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Honest Company Inc shares valued at $3,510,750 were sold by Warren Jessica on Dec 10 ’24. At $7.55 per share, Warren Jessica sold 465,000 shares. The insider’s holdings dropped to 1,170,058 shares worth approximately $7.41 million following the completion of this transaction.
Also, Jessica Warren purchased 465,000 shares, netting a total of over 3,510,750 in proceeds.
Before that, Sheehey Brendan had sold 92,138 shares from its account. In a trade valued at $748,818, the General Counsel traded Honest Company Inc shares for $8.13 each. Upon closing the transaction, the insider’s holdings decreased to 92,138 shares, worth approximately $3.27 million.
As published in a research note from Loop Capital on December 17, 2024, Honest Company Inc [HNST] has been rated down from a Buy to a Hold and the price target has been revised to $7. Analysts at Telsey Advisory Group resumed the stock at ‘”a Market perform”‘ outlook in a report released in mid November. As of November 13, 2024, Alliance Global Partners has reiterated its “Buy” rating for HNST. Earlier on September 10, 2024, B. Riley Securities initiated its rating. Their recommendation was “a Buy” for HNST stock.
Analyzing HNST Stock Performance
During the last five days, there has been a drop of approximately -8.66%. Over the course of the year, Honest Company Inc shares have dropped approximately -8.66%. Shares of the company reached a 52-week high of $7.10 on 01/02/25 and a 52-week low of $6.22 on 01/08/25. A 50-day SMA is recorded $6.53, while a 200-day SMA reached $4.19. Nevertheless, trading volume fell to 2.08 million shares from 2.01 million shares the previous day.
Support And Resistance Levels for Honest Company Inc (HNST)
According to the 24-hour chart, there is a support level at 6.21, which, if violated, would cause prices to drop to 6.10. In the upper region, resistance lies at 6.45. The next price resistance is at 6.58. RSI (Relative Strength Index) is 39.88 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.25, which suggests the price will decrease in the coming days. Percent R is at 88.66%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
