Symbotic Inc’s recent filing unveils that its insider Dunn Michael David unloaded Company’s shares for reported $0.24 million on Apr 02 ’24. In the deal valued at $43.29 per share,5,444 shares were sold. As a result of this transaction, Dunn Michael David now holds 71,366 shares worth roughly $3.23 million.
Then, Dunn Michael David sold 2,000 shares, generating $91,040 in total proceeds. Upon selling the shares at $45.52, the insider now owns 63,646 shares.
Before that, Saintil Merline sold 3,135 shares. Symbotic Inc shares valued at $140,252 were divested by the Director at a price of $44.74 per share. As a result of the transaction, Saintil Merline now holds 62,312 shares, worth roughly $2.82 million.
DA Davidson upgraded its Symbotic Inc [SYM] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Needham’s analysts, who remained covering the stock and in early February has reiterated a ‘”a Buy”‘ rating for it. KeyBanc Capital Markets began covering SYM with “an Overweight” recommendation on October 03, 2023. William Blair revised its rating on August 01, 2023. It rated SYM as “a Mkt perform” which previously was an “an Outperform”.
Price Performance Review of SYM
On Monday, Symbotic Inc [NASDAQ:SYM] saw its stock jump 2.80% to $45.23. Over the last five days, the stock has lost -0.46%. Symbotic Inc shares have fallen nearly -11.88% since the year began. Nevertheless, the stocks have risen 86.55% over the past one year. While a 52-week high of $64.14 was reached on 02/05/24, a 52-week low of $22.40 was recorded on 02/07/24. SMA at 50 days reached $43.96, while 200 days put it at $42.88. A total of 0.67 million shares were traded, compared to the trading of 0.49 million shares in the previous session.
Levels Of Support And Resistance For SYM Stock
The 24-hour chart illustrates a support level at 44.30, which if violated will result in even more drops to 43.36. On the upside, there is a resistance level at 45.70. A further resistance level may holdings at 46.16. The Relative Strength Index (RSI) on the 14-day chart is 51.49, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.91, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 59.04%. Stochastics %K at 22.87% indicates the stock is a holding.
How much short interest is there in Symbotic Inc?
A steep rise in short interest was recorded in Symbotic Inc stocks on Mar 15, 2024, growing by 0.21 million shares to a total of 7.0 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 6.79 million shares. There was a rise of 3.0%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 19.22% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.4.
