Grocery Outlet Holding Corp’s filing revealed that its Director Herman Thomas F unloaded Company’s shares for reported $29000.0 on Mar 27 ’24. In the deal valued at $29.00 per share,1,000 shares were sold. As a result of this transaction, Herman Thomas F now holds 10,400 shares worth roughly $0.28 million.
Then, Ragatz Erik D. bought 36,500 shares, generating $1,031,016 in total proceeds. Upon buying the shares at $28.25, the Director now owns 36,500 shares.
Before that, Wilson Steven K. sold 7,152 shares. Grocery Outlet Holding Corp shares valued at $202,044 were divested by the EVP, Chief Purchasing Officer at a price of $28.25 per share. As a result of the transaction, Wilson Steven K. now holds 158,779 shares, worth roughly $4.26 million.
Craig Hallum upgraded its Grocery Outlet Holding Corp [GO] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who remained covering the stock and in late February has reiterated a ‘”an Outperform”‘ rating for it. Goldman also remained covering GO and has decreased its forecast on December 12, 2023 with a “Sell” recommendation from previously “Buy” rating. Telsey Advisory Group maintained its rating on August 02, 2023. It rated GO as “an Outperform”.
Price Performance Review of GO
On Friday, Grocery Outlet Holding Corp [NASDAQ:GO] saw its stock jump 0.52% to $26.82. Over the last five days, the stock has lost -6.81%. Grocery Outlet Holding Corp shares have fallen nearly -0.52% since the year began. Nevertheless, the stocks have fallen -4.21% over the past one year. While a 52-week high of $36.54 was reached on 02/28/24, a 52-week low of $23.41 was recorded on 02/06/24. SMA at 50 days reached $26.40, while 200 days put it at $28.75. A total of 0.72 million shares were traded, compared to the trading of 1.74 million shares in the previous session.
Levels Of Support And Resistance For GO Stock
The 24-hour chart illustrates a support level at 26.57, which if violated will result in even more drops to 26.32. On the upside, there is a resistance level at 26.96. A further resistance level may holdings at 27.10. The Relative Strength Index (RSI) on the 14-day chart is 46.05, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.21, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.52%. Stochastics %K at 11.48% indicates the stock is a buying.
How much short interest is there in Grocery Outlet Holding Corp?
A steep rise in short interest was recorded in Grocery Outlet Holding Corp stocks on Mar 15, 2024, dropping by -0.35 million shares to a total of 6.43 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 6.78 million shares. There was a decline of -5.44%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 6.73% of the overall stock float, the days-to-cover ratio (short ratio) fell to 4.68.
