Sprouts Farmers Market Inc [SFM] stock was sold by McGlinchey David at the price of US$5.07 million

Sprouts Farmers Market Inc’s recent filing unveils that its Chief Strategy Officer McGlinchey David unloaded Company’s shares for reported $5.07 million on Dec 07. In the deal valued at $46.17 per share,109,881 shares were sold. As a result of this transaction, McGlinchey David now holds 24,130 shares worth roughly $1.22 million.

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Then, Lombardi Brandon F. sold 12,457 shares, generating $573,022 in total proceeds. Upon selling the shares at $46.00, the Chief Legal Officer now owns 8,328 shares.

Before that, Lombardi Brandon F. sold 12,000 shares. Sprouts Farmers Market Inc shares valued at $552,017 were divested by the Chief Legal Officer at a price of $46.00 per share. As a result of the transaction, Lombardi Brandon F. now holds 8,328 shares, worth roughly $0.42 million.

Evercore ISI upgraded its Sprouts Farmers Market Inc [SFM] rating to an In-line from a an Underperform in a research note published On Monday, January 04, 2024; the price target was increased to $45 from $40.

Price Performance Review of SFM

On Monday, Sprouts Farmers Market Inc [NASDAQ:SFM] saw its stock jump 1.25% to $50.37. Over the last five days, the stock has lost -2.61%. Sprouts Farmers Market Inc shares have risen nearly 4.70% since the year began. Nevertheless, the stocks have risen 57.55% over the past one year. While a 52-week high of $52.02 was reached on 01/22/24, a 52-week low of $30.20 was recorded on 01/02/24. SMA at 50 days reached $47.07, while 200 days put it at $40.50. A total of 1.12 million shares were traded, compared to the trading of 1.33 million shares in the previous session.

Levels Of Support And Resistance For SFM Stock

The 24-hour chart illustrates a support level at 49.93, which if violated will result in even more drops to 49.49. On the upside, there is a resistance level at 50.61. A further resistance level may holdings at 50.86. The Relative Strength Index (RSI) on the 14-day chart is 57.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.42, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 50.15%. Stochastics %K at 39.91% indicates the stock is a holding.

How much short interest is there in Sprouts Farmers Market Inc?

A steep rise in short interest was recorded in Sprouts Farmers Market Inc stocks on Jan 11, 2024, dropping by -0.49 million shares to a total of 15.29 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2023 was 15.78 million shares. There was a decline of -3.2%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 24.61% of the overall stock float, the days-to-cover ratio (short ratio) fell to 12.46.

Sprouts Farmers Market Inc [SFM] – Who Are The Largest Shareholders?

In filings from Fidelity Management & Research Co, it is revealed that the company now owns 11,539,033 shares, or roughly 11.36% of the outstanding SFM shares. In other words, the investor’s shares have risen by 33,252 from its previous 13-F filing of 11505781.0. Additionally, BlackRock Fund Advisors increased 0.53% of its stake after which the total value it holdings stand at $519,140,096, while The Vanguard Group, Inc. reduced -0.28% of its stake to hold $501.9 million in the firm. Over the last quarter, LSV Asset Management sold -276,648 shares of Sprouts Farmers Market Inc, while Renaissance Technologies LLC sold -392,188 shares. At present, SSgA Funds Management, Inc. is holding 3,732,332 shares valued at $179.56 million. FIAM LLC owned 3,558,123 shares of the company at the time of its most recent 13F filing, worth $171.18 million.

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