Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Flowers Foods, Inc shares valued at $117,750 were purchased by Casey Edward J. Jr. on Apr 02 ’24. At $23.55 per share, Casey Edward J. Jr. acquired 5,000 shares. The insider’s holdings grew to 20,330 shares worth approximately $0.39 million following the completion of this transaction.
Also, THOMAS TERRY S sold 36,577 shares, netting a total of over 845,162 in proceeds. Following the sale of shares at $23.11 each, the insider now holds 42,740 shares.
As published in their initiating research note from Exane BNP Paribas on July 10, 2024, Flowers Foods, Inc [FLO] has been an Underperform and the price target has been revised to $20. Analysts at DA Davidson started covering the stock with ‘”a Neutral”‘ outlook in a report released in early March. As of March 03, 2023, Deutsche Bank has increased its “Sell” rating to a “Hold” for FLO. Earlier on December 06, 2022, Deutsche Bank downgraded its rating. Their new recommendation was “a Sell” for FLO stock which previously was a “a Hold”.
Analyzing FLO Stock Performance
During the last five days, there has been a drop of approximately -1.98%. Over the course of the year, Flowers Foods, Inc shares have dropped approximately -6.39%. Shares of the company reached a 52-week high of $20.92 on 01/03/25 and a 52-week low of $18.90 on 01/16/25. A 50-day SMA is recorded $20.64, while a 200-day SMA reached $22.37. Nevertheless, trading volume fell to 2.69 million shares from 1.75 million shares the previous day.
Support And Resistance Levels for Flowers Foods, Inc (FLO)
According to the 24-hour chart, there is a support level at 19.18, which, if violated, would cause prices to drop to 19.01. In the upper region, resistance lies at 19.62. The next price resistance is at 19.89. RSI (Relative Strength Index) is 37.43 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.26, which suggests the price will decrease in the coming days. Percent R is at 86.08%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
