The huge drop we saw in most markets earlier this week triggered a large number of insider purchases and it was interesting to watch both the S&P 500 and the Nasdaq close in positive territory for the week.
Midway through trading Monday, the Dow traded down 1.78% to 34,735.33 while the NASDAQ fell 1.43% to 14,952.69. The S&P also fell, dropping 1.59% to 4,547.26.
Wells Fargo analyst Chris Carey initiated coverage on Vita Coco Company Inc (NASDAQ: COCO) with an Overweight rating and $18 price target, implying a 1% upside.