Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Westrock Coffee Company shares valued at $506,271 were purchased by Parent Kenneth M. on Dec 02 ’24. At $8.07 per share, Parent Kenneth M. acquired 62,735 shares. The insider’s holdings grew to 112,451 shares worth approximately $0.66 million following the completion of this transaction.
Also, EDMUNDS MARK A sold 17,217 shares, netting a total of over 128,611 in proceeds. Following the sale of shares at $7.47 each, the insider now holds 95,909 shares.
Before that, Ford William A had added 25,000 shares to its account. In a trade valued at $188,500, the GROUP PRESIDENT, OPERATIONS bought Westrock Coffee Company shares for $7.54 each. Upon closing the transaction, the insider’s holdings increased to 25,000 shares, worth approximately $2.71 million.
As published in a research note from Telsey Advisory Group on November 08, 2024, Westrock Coffee Company [WEST] has been retained to an Outperform and the price target has been revised to $10. Analysts at Truist started covering the stock with ‘”a Buy”‘ outlook in a report released in early October. As of September 23, 2024, Craig Hallum has initiated its “Buy” rating for WEST. Earlier on May 10, 2024, Telsey Advisory Group resumed its rating. Their recommendation was “an Outperform” for WEST stock.
Analyzing WEST Stock Performance
During the last five days, there has been a drop of approximately -13.55%. Over the course of the year, Westrock Coffee Company shares have dropped approximately -8.57%. Shares of the company reached a 52-week high of $7.26 on 01/31/25 and a 52-week low of $5.65 on 03/12/25. A 50-day SMA is recorded $6.47, while a 200-day SMA reached $7.81.
Support And Resistance Levels for Westrock Coffee Company (WEST)
According to the 24-hour chart, there is a support level at 5.59, which, if violated, would cause prices to drop to 5.30. In the upper region, resistance lies at 6.22. The next price resistance is at 6.56. RSI (Relative Strength Index) is 41.29 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.07, which suggests the price will decrease in the coming days. Percent R is at 86.16%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
