In a filing, Vita Coco Company Inc revealed 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 $51.16 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 $51.77 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 Monday, Vita Coco Company Inc [NASDAQ:COCO] saw its stock jump 2.68% to $30.65. Over the last five days, the stock has lost -15.47%. Vita Coco Company Inc shares have fallen nearly -16.96% since the year began. Nevertheless, the stocks have risen 29.00% 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 03/31/25. SMA at 50 days reached $35.93, while 200 days put it at $31.59.
Levels Of Support And Resistance For COCO Stock
The 24-hour chart illustrates a support level at 29.63, which if violated will result in even more drops to 28.60. On the upside, there is a resistance level at 31.44. A further resistance level may holdings at 32.22. The Relative Strength Index (RSI) on the 14-day chart is 34.51, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.71, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.28%. Stochastics %K at 7.91% indicates the stock is a buying.
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.
