Vita Coco Company Inc’s filing revealed that its Executive Chairman Kirban Michael unloaded Company’s shares for reported $0.7 million on Mar 18 ’25. In the deal valued at $35.13 per share,20,000 shares were sold. As a result of this transaction, Kirban Michael now holds 1,669,049 shares worth roughly $59.17 million.
Then, Kirban Michael sold 6,000 shares, generating $210,000 in total proceeds. Upon selling the shares at $35.00, the Executive Chairman now owns 1,663,049 shares.
Before that, Kirban Michael sold 20,000 shares. Vita Coco Company Inc shares valued at $701,260 were divested by the Executive Chairman at a price of $35.06 per share. As a result of the transaction, Kirban Michael now holds 1,689,049 shares, worth roughly $59.88 million.
Stephens downgraded its Vita Coco Company Inc [COCO] rating to an Equal-weight from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including Jefferies’s analysts, who remained covering the stock and in late July has reiterated a ‘”a Buy”‘ rating for it. Piper Sandler also remained covering COCO and has decreased its forecast on July 12, 2024 with a “Neutral” recommendation from previously “an Overweight” rating. Stephens revised its rating on February 29, 2024. It rated COCO as “an Overweight” which previously was an “an Equal-weight”.
Price Performance Review of COCO
On Tuesday, Vita Coco Company Inc [NASDAQ:COCO] saw its stock fall -2.23% to $35.45. Over the last five days, the stock has gained 2.40%. Vita Coco Company Inc shares have fallen nearly -3.96% since the year began. Nevertheless, the stocks have risen 43.06% over the past one year. While a 52-week high of $40.32 was reached on 02/13/25, a 52-week low of $23.00 was recorded on 02/26/25. SMA at 50 days reached $36.26, while 200 days put it at $31.54.
Levels Of Support And Resistance For COCO Stock
The 24-hour chart illustrates a support level at 35.09, which if violated will result in even more drops to 34.73. On the upside, there is a resistance level at 36.15. A further resistance level may holdings at 36.86. The Relative Strength Index (RSI) on the 14-day chart is 50.24, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.90, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 22.78%. Stochastics %K at 87.40% indicates the stock is a selling.
How much short interest is there in Vita Coco Company Inc?
A steep rise in short interest was recorded in Vita Coco Company Inc stocks on 2025-03-14, dropping by -0.89 million shares to a total of 3.84 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 4.73 million shares. There was a decline of -23.25%, which implies that there is a negative sentiment for the stock.
