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

Posted by Adam Dyson 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 stock 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 firm has a 50-day moving average of $2.06 and a 200-day moving average of $2.28.

Insider Buying and Selling

In related news, Director Jennifer Carr-Smith sold 21,237 shares of the stock in a transaction that occurred on 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 directly owns 14,880 shares of the company’s stock, valued at approximately $22,022.40. This represents a 58.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last 90 days, insiders acquired 24,297 shares of company stock worth $40,389. 38.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On 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 – Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 owned by institutional investors.

About Local Bounti

(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.