The Honest Company, Inc. (HNST) stock is experiencing an uptick today, likely influenced by recent institutional interest. Victory Capital Management Inc. disclosed a new position in the company, acquiring 159,430 shares valued at approximately $569,000, as per their latest SEC filing. This acquisition represents a 0.16% stake in the company, signaling confidence in The Honest Company's growth prospects. Such institutional moves can often boost investor sentiment, contributing to upward pressure on the stock price.
The Honest Company, Inc. (HNST) shares are currently trading at $8.34, reflecting a 1.96% increase from the previous close of $8.18 and a 3.86% rise from the opening price of $8.03.