Sunday, June 26, 2022

Superior Industries International Inc. [SUP] stock for 8,500 USD was acquired by Mill Road Capital III, L.P.

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Superior Industries International Inc. shares valued at $8,500 were purchased by Mill Road Capital III, L.P. on Jun 17. At $5.00 per share, Mill Road Capital III, L.P. acquired 1,700 shares. The insider’s holdings grew to 3,648,733 shares worth approximately $15.54 million following the completion of this transaction.

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Also, Mill Road Capital III, L.P. purchased 8,457 shares, netting a total of over 31,709 in proceeds. Following the buying of shares at $3.75 each, the insider now holds 3,647,033 shares.

Before that, Mill Road Capital III, L.P. had added 45,947 shares to its account. In a trade valued at $176,464, the 10% Owner bought Superior Industries International Inc. shares for $3.84 each. Upon closing the transaction, the insider’s holdings increased to 45,947 shares, worth approximately $15.5 million.

As published in a research note from B. Riley FBR on March 19, 2020, Superior Industries International Inc. [SUP] has been rated down from a Buy to a Neutral and the price target has been revised to $1 from $5. This represents a -326.0% premium over Wednesday’s closing price. Analysts at The Benchmark Company started covering the stock with ‘”a Hold”‘ outlook in a report released in early January. As of August 12, 2019, Barrington Research has reiterated its “an Outperform” rating for SUP. Earlier on February 13, 2019, Seaport Global Securities initiated its rating. Their recommendation was “a Neutral” for SUP stock.

Analyzing SUP’s Price Performance

On Wednesday, Superior Industries International Inc. [NYSE: SUP] plunged -1.84% to $4.26. The stock’s lowest price that day was $4.26, but it reached a high of $4.34 in the same session. During the last five days, there has been a surge of approximately 4.93%. Over the course of the year, Superior Industries International Inc. shares have dropped approximately -4.91%. Shares of the company reached a 52-week high of $5.24 on 01/05/22 and a 52-week low of $3.11 on 05/02/22. A 50-day SMA is recorded $3.85, while a 200-day SMA reached $4.79. Nevertheless, trading volume fell to 17933.0 shares from 17400.0 shares the previous day.

Support And Resistance Levels for Superior Industries International Inc. (SUP)

According to the 24-hour chart, there is a support level at 4.23, which, if violated, would cause prices to drop to 4.21. In the upper region, resistance lies at 4.31. The next price resistance is at 4.37. RSI (Relative Strength Index) is 55.91 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.13, which suggests the price will decrease in the coming days. Percent R is at 21.79%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.

Which companies own the most shares of Superior Industries International Inc. (SUP)?

According to The Vanguard Group, Inc. filings, the company currently owns 1,030,787 shares, which is about 3.84% of the total SUP shares outstanding. The investor’s shares have plunged by 0 from its previous 13-F filing of 1030787.0 shares. With the completion of the sale, Renaissance Technologies LLC’s stake is now worth $3,809,737. D. E. Shaw & Co. LP reduced a -5.19% interest valued at $3.33 million while Dimensional Fund Advisors LP sold a -36,059 stake. A total of 590,814 shares of Superior Industries International Inc. were sold by Squarepoint OPS LLC during the quarter, and -4,571 were sold by BlackRock Fund Advisors. In its current portfolio, Acadian Asset Management LLC holds 541,618 shares valued at $2.25 million.

In terms of Superior Industries International Inc. share price expectations, FactSet research, analysts set an average price target of $7.00 in the next 12 months, up nearly 61.29% from the previous closing price of $4.34. Analysts anticipate Superior Industries International Inc. stock to reach $7.00 by 2022, with the lowest price target being $7.00. In spite of this, 2 analysts ranked Superior Industries International Inc. stock as an Overweight at the end of 2022. On February 08, 2019, BWS Financial assigned a price target of “a Hold” to the stock and reiterated coverage with a $6.

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