Vita Coco Company Inc’s filing revealed that its Executive Chairman Kirban Michael unloaded Company’s shares for reported $0.74 million on May 20 ’25. In the deal valued at $37.07 per share,20,000 shares were sold. As a result of this transaction, Kirban Michael now holds 1,643,049 shares worth roughly $56.83 million.
Then, Kirban Michael sold 14,000 shares, generating $518,462 in total proceeds. Upon selling the shares at $37.03, the Executive Chairman now owns 1,629,049 shares.
Before that, MICHAEL KIRBAN 2010 TRUST bought 34,000 shares. Vita Coco Company Inc shares valued at $1,228,080 were divested by the Director at a price of $36.12 per share.
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 jump 3.66% to $34.59. Over the last five days, the stock has gained 4.00%. Vita Coco Company Inc shares have fallen nearly -6.29% since the year began. Nevertheless, the stocks have risen 14.16% over the past one year. While a 52-week high of $40.32 was reached on 02/13/25, a 52-week low of $23.56 was recorded on 04/04/25.
Levels Of Support And Resistance For COCO Stock
The 24-hour chart illustrates a support level at 33.45, which if violated will result in even more drops to 32.31. On the upside, there is a resistance level at 35.18. A further resistance level may holdings at 35.77.
