Local Bounti (NYSE:LOCL) Stock Price Up 0.4% – Here’s Why

Local Bounti Co. (NYSE:LOCL) shares rose 0.4% on Friday . The stock traded as high as $2.29 and last traded at $2.28. Approximately 11,704 shares traded hands during mid-day trading, an increase of 4% from the average daily volume of 11,240 shares. The stock had previously closed at $2.27.

Local Bounti Trading Up 0.4 %

The company has a market cap of $19.74 million, a PE ratio of -0.13 and a beta of 2.23. The firm has a fifty day moving average of $2.06 and a two-hundred day moving average of $2.29.

Insider Buying and Selling at Local Bounti

In other Local Bounti news, Director Jennifer Carr-Smith sold 21,237 shares of Local Bounti stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $1.48, for a total transaction of $31,430.76. Following the completion of the transaction, the director now owns 14,880 shares of the company’s stock, valued at $22,022.40. The trade was a 58.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders purchased 24,297 shares of company stock valued at $40,389 in the last quarter. 38.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Local Bounti

An institutional investor recently bought a new position in Local Bounti stock. Walleye Trading LLC purchased a new stake in shares of Local Bounti Co. (NYSE:LOCL) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 24,001 shares of the company’s stock, valued at approximately $50,000. Walleye Trading LLC owned about 0.28% of Local Bounti at the end of the most recent quarter. 28.01% of the stock is currently owned by hedge funds and other institutional investors.

Local Bounti Company Profile

Local Bounti Corporation grows and packs fresh greens in the United States. It produces lettuce, herbs, and loose-leaf lettuce. The company sells its products to food retailers and food service distributors. Local Bounti Corporation was founded in 2018 and is headquartered in Hamilton, Montana.