Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Sunopta, Inc. shares valued at $1,033,335 were sold by Ennen Joseph on Mar 14 ’24. At $6.89 per share, Ennen Joseph sold 150,000 shares. The insider’s holdings dropped to 1,743,399 shares worth approximately $10.91 million following the completion of this transaction.
Also, Kocher Brian W purchased 38,000 shares, netting a total of over 252,757 in proceeds. Following the buying of shares at $6.65 each, the insider now holds 74,000 shares.
Before that, Kocher Brian W had added 36,000 shares to its account. In a trade valued at $243,126, the CEO bought Sunopta, Inc. shares for $6.75 each. Upon closing the transaction, the insider’s holdings increased to 36,000 shares, worth approximately $0.23 million.
As published in their initiating research note from DA Davidson on December 08, 2023, Sunopta, Inc. [STKL] has been a Buy and the price target has been revised to $8. Analysts at Mizuho started covering the stock with ‘”a Buy”‘ outlook in a report released in early October. As of June 23, 2023, Stephens has initiated its “an Overweight” rating for STKL. Earlier on September 10, 2021, Cowen initiated its rating. Their recommendation was “an Outperform” for STKL stock.
Analyzing STKL Stock Performance
During the last five days, there has been a drop of approximately -5.72%. Over the course of the year, Sunopta, Inc. shares have jumped approximately 14.44%. Shares of the company reached a 52-week high of $7.38 on 03/01/24 and a 52-week low of $5.02 on 01/05/24. A 50-day SMA is recorded $6.44, while a 200-day SMA reached $5.27. Nevertheless, trading volume fell to 0.72 million shares from 24948.0 shares the previous day.
Support And Resistance Levels for Sunopta, Inc. (STKL)
According to the 24-hour chart, there is a support level at 6.14, which, if violated, would cause prices to drop to 6.02. In the upper region, resistance lies at 6.44. The next price resistance is at 6.62. RSI (Relative Strength Index) is 39.82 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.12, which suggests the price will decrease in the coming days. Percent R is at 91.55%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Sunopta, Inc. subject to short interest?
Stocks of Sunopta, Inc. saw a sharp steep in short interest on Mar 15, 2024 dropping by -1.54 million shares to 6.97 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 8.51 million shares. A decline of -22.09% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 7.07 of the overall float, the days-to-cover ratio (short ratio) decline to 7.07.
