SunOpta Inc. (STKL) may enjoy gains as insiders got busy in the recent days


SunOpta Inc.’s recent filing unveils that its Chief Quality Officer Largey David unloaded Company’s shares for reported $56821.0 on Dec 14. In the deal valued at $8.37 per share,6,788 shares were sold. As a result of this transaction, Largey David now holds 36,040 shares worth roughly $ 0.27 million.

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Then, Fisher Rebecca sold 10,000 shares, generating $101,185 in total proceeds. Upon selling the shares at $10.12, the Director now owns 60,425 shares.

Before that, Largey David sold 5,000 shares. SunOpta Inc. shares valued at $50,235 were divested by the Chief Quality Officer at a price of $10.05 per share. As a result of the transaction, Largey David now holds 42,828 shares, worth roughly $0.32 million.

Cowen initiated its SunOpta Inc. [STKL] rating to an Outperform in a research note published on Monday, September 10, 2021; the price target was $15. PT values the company’s stock at a premium of 49.53 to its Monday closing price. A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who began to cover the stock in early July with a ‘”an Outperform”‘ rating. Canaccord Genuity began covering STKL with “Buy” recommendation on April 13, 2021. Craig Hallum started covering the stock on December 10, 2020. It rated STKL as “a Buy”.

Price Performance Review of STKL

On Monday, SunOpta Inc. [NASDAQ:STKL] saw its stock jump 3.42% to $7.57. On the same session, the stock had its day’s lowest price of $7.38, but rose to a high of $7.58. Over the last five days, the stock has lost -1.94%. SunOpta Inc. shares have fallen nearly -10.31% since the year began. Nevertheless, the stocks have risen 49.02% over the past one year. While a 52-week high of $11.67 was reached on 01/10/23, a 52-week low of $4.53 was recorded on 02/15/23. SMA at 50 days reached $8.17, while 200 days put it at $8.85. A total of 0.85 million shares were traded, compared to the trading of 15907.0 shares in the previous session.

Levels Of Support And Resistance For STKL Stock

The 24-hour chart illustrates a support level at 7.44, which if violated will result in even more drops to 7.31. On the upside, there is a resistance level at 7.64. A further resistance level may holdings at 7.71. The Relative Strength Index (RSI) on the 14-day chart is 43.68, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 51.97%. Stochastics %K at 28.04% indicates the stock is a holding.

How much short interest is there in SunOpta Inc.?

A steep rise in short interest was recorded in SunOpta Inc. stocks on Jan 12, 2023, growing by 0.49 million shares to a total of 6.21 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2022 was 5.72 million shares. There was a rise of 7.89%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 8.12% of the overall stock float, the days-to-cover ratio (short ratio) rose to 8.33.

SunOpta Inc. [STKL] – Who Are The Largest Shareholders?

In filings from Oaktree Capital Management LP, it is revealed that the company now owns 20,726,126 shares, or roughly 19.22% of the outstanding STKL shares. Additionally, Nomura Securities Co., Ltd. decreased -6.70% of its stake after which the total value it holdings stand at $38,269,081, while BlackRock Fund Advisors added 10.89% of its stake to hold $37.5 million in the firm. Over the last quarter, American Century Investment Manag purchased 3,383,212 shares of SunOpta Inc., while FIAM LLC bought 284,454 shares. At present, Barrow, Hanley, Mewhinney & Strau is holding 3,469,147 shares valued at $28.34 million. abrdn, Inc. owned 2,857,175 shares of the company at the time of its most recent 13F filing, worth $23.34 million.


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