Local Bounti (NYSE:LOCL) Trading 0.4% Higher – Here’s Why

Posted by Lorenzo Tanos on Feb 16th, 2025

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

Local Bounti Stock Performance

The stock has a 50 day simple moving average of $2.06 and a 200-day simple moving average of $2.28.

Insider Transactions at Local Bounti

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Local Bounti stock. Walleye Trading LLC acquired a new position in Local Bounti Co. (NYSE:LOCL – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 24,001 shares of the company’s stock, valued at approximately $50,000. Walleye Trading LLC owned 0.28% of Local Bounti at the end of the most recent reporting period. Institutional investors own 28.01% of the company’s stock.

Local Bounti Company Profile

(Get Free Report)

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.