Sunopta, Inc.’s recent filing unveils that its Advisor Ennen Joseph unloaded Company’s shares for reported $1.03 million on Mar 14 ’24. In the deal valued at $6.89 per share,150,000 shares were sold. As a result of this transaction, Ennen Joseph now holds 1,743,399 shares worth roughly $11.35 million.
Then, Kocher Brian W bought 38,000 shares, generating $252,757 in total proceeds. Upon buying the shares at $6.65, the CEO now owns 74,000 shares.
Before that, Kocher Brian W bought 36,000 shares. Sunopta, Inc. shares valued at $243,126 were divested by the CEO at a price of $6.75 per share. As a result of the transaction, Kocher Brian W now holds 36,000 shares, worth roughly $0.23 million.
DA Davidson initiated its Sunopta, Inc. [STKL] rating to a Buy in a research note published on December 08, 2023; the price target was $8. A number of analysts have revised their coverage, including Mizuho’s analysts, who began to cover the stock in early October with a ‘”a Buy”‘ rating. Stephens began covering STKL with “an Overweight” recommendation on June 23, 2023. Cowen started covering the stock on September 10, 2021. It rated STKL as “an Outperform”.
Price Performance Review of STKL
On Friday, Sunopta, Inc. [NASDAQ:STKL] saw its stock jump 1.40% to $6.51. Over the last five days, the stock has lost -5.24%. Sunopta, Inc. shares have risen nearly 19.01% since the year began. Nevertheless, the stocks have fallen -14.57% over the past one year. While a 52-week high of $8.58 was reached on 03/01/24, a 52-week low of $2.79 was recorded on 01/05/24. SMA at 50 days reached $6.41, while 200 days put it at $5.27. A total of 0.67 million shares were traded, compared to the trading of 33731.0 shares in the previous session.
Levels Of Support And Resistance For STKL Stock
The 24-hour chart illustrates a support level at 6.38, which if violated will result in even more drops to 6.24. On the upside, there is a resistance level at 6.61. A further resistance level may holdings at 6.70. The Relative Strength Index (RSI) on the 14-day chart is 46.89, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.85%. Stochastics %K at 17.88% indicates the stock is a buying.
How much short interest is there in Sunopta, Inc.?
A steep rise in short interest was recorded in Sunopta, Inc. stocks on Mar 15, 2024, dropping by -1.54 million shares to a total of 6.97 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 8.51 million shares. There was a decline of -22.09%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 7.86% of the overall stock float, the days-to-cover ratio (short ratio) fell to 7.07.
The most recent change occurred on July 09, 2021 when BMO Capital Markets began covering the stock and recommended ‘”an Outperform”‘ rating along with a $15 price target.
