Westrock Coffee Company’s recently made public that its Director Parent Kenneth M. acquired Company’s shares for reported $0.51 million on Dec 02 ’24. In the deal valued at $8.07 per share,62,735 shares were bought. As a result of this transaction, Parent Kenneth M. now holds 112,451 shares worth roughly $0.71 million.
Then, EDMUNDS MARK A sold 17,217 shares, generating $128,611 in total proceeds. Upon selling the shares at $7.47, the Director now owns 95,909 shares.
Before that, Ford William A bought 25,000 shares. Westrock Coffee Company shares valued at $188,500 were divested by the GROUP PRESIDENT, OPERATIONS at a price of $7.54 per share. As a result of the transaction, Ford William A now holds 461,190 shares, worth roughly $2.91 million.
Telsey Advisory Group reiterated its Westrock Coffee Company [WEST] rating to an Outperform in a research note published on November 08, 2024; the price target was $10. A number of analysts have revised their coverage, including Truist’s analysts, who began to cover the stock in early October with a ‘”a Buy”‘ rating. Craig Hallum began covering WEST with “Buy” recommendation on September 23, 2024. Telsey Advisory Group maintained its rating on May 10, 2024. It rated WEST as “an Outperform”.
Price Performance Review of WEST
On Friday, Westrock Coffee Company [NASDAQ:WEST] saw its stock jump 0.96% to $6.32. Over the last five days, the stock has gained 3.27%. Westrock Coffee Company shares have fallen nearly -1.56% since the year began. Nevertheless, the stocks have fallen -35.97% over the past one year. While a 52-week high of $11.21 was reached on 01/03/25, a 52-week low of $5.28 was recorded on 01/16/25. SMA at 50 days reached $6.93, while 200 days put it at $8.49.
Levels Of Support And Resistance For WEST Stock
The 24-hour chart illustrates a support level at 6.17, which if violated will result in even more drops to 6.03. On the upside, there is a resistance level at 6.44. A further resistance level may holdings at 6.57. The Relative Strength Index (RSI) on the 14-day chart is 46.02, 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 low at 50.00%. Stochastics %K at 33.89% indicates the stock is a holding.
How much short interest is there in Westrock Coffee Company?
A steep rise in short interest was recorded in Westrock Coffee Company stocks on 2024-12-31, growing by 0.32 million shares to a total of 5.59 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 5.27 million shares. There was a rise of 5.72%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on February 16, 2024 when Telsey Advisory Group resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $13.
