The J. M. Smucker Company’s recent filing unveils that its Director AMIN TARANG unloaded Company’s shares for reported $975.0 on Aug 22. In the deal valued at $139.32 per share,7 shares were sold. As a result of this transaction, AMIN TARANG now holds 0 shares worth roughly $ 0.0.
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Then, SMUCKER RICHARD K sold 19,576 shares, generating $2,974,573 in total proceeds. Upon selling the shares at $151.95, the Director now owns 623,605 shares.
Before that, SMUCKER MARK T sold 9,965 shares. The J. M. Smucker Company shares valued at $1,517,670 were divested by the Chair of Board, Pres & CEO at a price of $152.30 per share. As a result of the transaction, SMUCKER MARK T now holds 48,685 shares, worth roughly $6.92 million.
PT values the company’s stock at a premium of 13.88 to its Friday closing price.
Price Performance Review of SJM
On Friday, The J. M. Smucker Company [NYSE:SJM] saw its stock jump 0.98% to $142.10. On the same session, the stock had its day’s lowest price of $140.98, but rose to a high of $142.875. Over the last five days, the stock has gained 0.04%. The J. M. Smucker Company shares have fallen nearly -10.32% since the year began. Nevertheless, the stocks have fallen -1.41% over the past one year. While a 52-week high of $163.07 was reached on 01/06/23, a 52-week low of $135.44 was recorded on 08/22/23. SMA at 50 days reached $148.14, while 200 days put it at $151.32. A total of 1.02 million shares were traded, compared to the trading of 1.05 million shares in the previous session.
Levels Of Support And Resistance For SJM Stock
The 24-hour chart illustrates a support level at 141.10, which if violated will result in even more drops to 140.09. On the upside, there is a resistance level at 142.99. A further resistance level may holdings at 143.88. The Relative Strength Index (RSI) on the 14-day chart is 39.71, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.75, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 67.02%. Stochastics %K at 20.75% indicates the stock is a holding.
How much short interest is there in The J. M. Smucker Company?
A steep rise in short interest was recorded in The J. M. Smucker Company stocks on Aug 14, 2023, growing by 0.46 million shares to a total of 4.79 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 4.33 million shares. There was a rise of 9.6%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 5.58% of the overall stock float, the days-to-cover ratio (short ratio) rose to 7.18.
The J. M. Smucker Company [SJM] – Who Are The Largest Shareholders?
In filings from The Vanguard Group, Inc., it is revealed that the company now owns 12,838,563 shares, or roughly 12.58% of the outstanding SJM shares. In other words, the investor’s shares have fallen by -39,517 from its previous 13-F filing of 12878080.0. Additionally, SSgA Funds Management, Inc. decreased -1.85% of its stake after which the total value it holdings stand at $1,026,740,763, while BlackRock Fund Advisors reduced -0.47% of its stake to hold $959.22 million in the firm. Over the last quarter, Geode Capital Management LLC purchased 73,553 shares of The J. M. Smucker Company, while Massachusetts Financial Services bought 322,417 shares. At present, Dimensional Fund Advisors LP is holding 1,567,742 shares valued at $236.18 million. Invesco Capital Management LLC owned 1,498,267 shares of the company at the time of its most recent 13F filing, worth $225.71 million.