SpartanNash Company’s recent filing unveils that its Director VOSS WILLIAM R unloaded Company’s shares for reported $0.2 million on Jun 15. In the deal valued at $21.31 per share,9,265 shares were sold. As a result of this transaction, VOSS WILLIAM R now holds 31,687 shares worth roughly $ 0.68 million.
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Then, Proctor Hawthorne L. sold 6,500 shares, generating $146,575 in total proceeds. Upon selling the shares at $22.55, the Director now owns 30,188 shares.
Northcoast upgraded its SpartanNash Company [SPTN] rating to a Buy from a a Neutral in a research note published on Friday.
Price Performance Review of SPTN
On Friday, SpartanNash Company [NASDAQ:SPTN] saw its stock fall -1.79% to $21.37. On the same session, the stock had its day’s lowest price of $21.37, but rose to a high of $21.87. Over the last five days, the stock has lost -3.96%. SpartanNash Company shares have fallen nearly -29.33% since the year began. Nevertheless, the stocks have fallen -29.77% over the past one year. While a 52-week high of $37.75 was reached on 02/03/23, a 52-week low of $20.61 was recorded on 06/01/23. SMA at 50 days reached $22.36, while 200 days put it at $26.22. A total of 0.13 million shares were traded, compared to the trading of 0.19 million shares in the previous session.
Levels Of Support And Resistance For SPTN Stock
The 24-hour chart illustrates a support level at 21.20, which if violated will result in even more drops to 21.04. On the upside, there is a resistance level at 21.70. A further resistance level may holdings at 22.04. The Relative Strength Index (RSI) on the 14-day chart is 35.30, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.70, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 100.00%. Stochastics %K at 5.26% indicates the stock is a buying.
How much short interest is there in SpartanNash Company?
A steep rise in short interest was recorded in SpartanNash Company stocks on Aug 14, 2023, growing by 0.18 million shares to a total of 0.78 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 0.6 million shares. There was a rise of 23.53%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.81% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.25.
SpartanNash Company [SPTN] – Who Are The Largest Shareholders?
In filings from BlackRock Fund Advisors, it is revealed that the company now owns 5,617,250 shares, or roughly 16.17% of the outstanding SPTN shares. In other words, the investor’s shares have fallen by -48,939 from its previous 13-F filing of 5666189.0. Additionally, The Vanguard Group, Inc. decreased -0.32% of its stake after which the total value it holdings stand at $64,577,675, while Dimensional Fund Advisors LP reduced -4.11% of its stake to hold $62.86 million in the firm. Over the last quarter, SSgA Funds Management, Inc. sold -76,427 shares of SpartanNash Company, while Renaissance Technologies LLC sold 129,084 shares. At present, LSV Asset Management is holding 851,873 shares valued at $19.12 million. Geode Capital Management LLC owned 711,191 shares of the company at the time of its most recent 13F filing, worth $15.96 million.
According to FactSet, SpartanNash Company’s share price will average $27.20 in the next year, based on opinions of analysts polled by the firm. This is up nearly 14.89 percent from its previous closing price of $21.76. Analysts expect SpartanNash Company stock to reach the higher price of $34.00, while the lowest price estimate is $23.00. However, 7 analysts have rated SPTN stock as an Overweight in their predictions for 2023.