In a filing, SiteOne Landscape Supply Inc revealed its CEO BLACK DOUG unloaded Company’s shares for reported $1.76 million on Mar 13 ’24. In the deal valued at $176.35 per share,10,000 shares were sold. As a result of this transaction, BLACK DOUG now holds 574,657 shares worth roughly $103.64 million.
Then, GUTHRIE JOHN T sold 3,000 shares, generating $540,000 in total proceeds. Upon selling the shares at $180.00, the EVP, CFO and Assistant Sec. now owns 15,467 shares.
Before that, Ketter Joseph sold 550 shares. SiteOne Landscape Supply Inc shares valued at $90,915 were divested by the EVP, Human Resources at a price of $165.30 per share. As a result of the transaction, Ketter Joseph now holds 12,367 shares, worth roughly $2.23 million.
Loop Capital downgraded its SiteOne Landscape Supply Inc [SITE] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Stifel’s analysts, who decreased its forecast for the stock in mid December from “a Buy” to “a Hold”. Deutsche Bank also remained covering SITE and has decreased its forecast on December 08, 2023 with a “Sell” recommendation from previously “Hold” rating. UBS revised its rating on September 26, 2023. It rated SITE as “a Buy” which previously was an “a Neutral”.
Price Performance Review of SITE
On Tuesday, SiteOne Landscape Supply Inc [NYSE:SITE] saw its stock jump 3.56% to $180.35. Over the last five days, the stock has gained 9.01%. SiteOne Landscape Supply Inc shares have risen nearly 10.98% since the year began. Nevertheless, the stocks have risen 39.41% over the past one year. While a 52-week high of $188.01 was reached on 03/21/24, a 52-week low of $116.81 was recorded on 02/05/24. SMA at 50 days reached $169.02, while 200 days put it at $158.63. A total of 0.42 million shares were traded, compared to the trading of 0.2 million shares in the previous session.
Levels Of Support And Resistance For SITE Stock
The 24-hour chart illustrates a support level at 177.49, which if violated will result in even more drops to 174.63. On the upside, there is a resistance level at 182.51. A further resistance level may holdings at 184.66. The Relative Strength Index (RSI) on the 14-day chart is 57.85, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.50, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 33.27%. Stochastics %K at 42.37% indicates the stock is a holding.
How much short interest is there in SiteOne Landscape Supply Inc?
A steep rise in short interest was recorded in SiteOne Landscape Supply Inc stocks on Mar 15, 2024, growing by 0.15 million shares to a total of 2.57 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 2.42 million shares. There was a rise of 5.84%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 6.53% of the overall stock float, the days-to-cover ratio (short ratio) rose to 6.94.
