Sweetgreen Inc’s recent filing unveils that its CHIEF FINANCIAL OFFICER Reback Mitch unloaded Company’s shares for reported $0.62 million on Mar 12 ’24. In the deal valued at $21.01 per share,29,475 shares were sold. As a result of this transaction, Reback Mitch now holds 405,584 shares worth roughly $8.55 million.
Then, Neman Jonathan sold 58,067 shares, generating $950,120 in total proceeds. Upon selling the shares at $16.36, the CHIEF EXECUTIVE OFFICER now owns 0 shares.
Before that, Gemperle Adrienne sold 4,000 shares. Sweetgreen Inc shares valued at $64,000 were divested by the CHIEF PEOPLE OFFICER at a price of $16.00 per share. As a result of the transaction, Gemperle Adrienne now holds 129,407 shares, worth roughly $2.73 million.
Oppenheimer reiterated its Sweetgreen Inc [SG] rating to an Outperform in a research note published on April 01, 2024; the price target was $34. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in mid January from “an Equal-weight” to “an Underweight”. Piper Sandler also remained covering SG and has increased its forecast on July 31, 2023 with a “an Overweight” recommendation from previously “Neutral” rating. BofA Securities revised its rating on July 06, 2023. It rated SG as “a Buy” which previously was an “a Neutral”.
Price Performance Review of SG
On Monday, Sweetgreen Inc [NYSE:SG] saw its stock fall -7.26% to $21.08. Over the last five days, the stock has lost -16.12%. Sweetgreen Inc shares have risen nearly 86.55% since the year began. Nevertheless, the stocks have risen 170.60% over the past one year. While a 52-week high of $26.45 was reached on 04/01/24, a 52-week low of $7.25 was recorded on 01/17/24. SMA at 50 days reached $18.33, while 200 days put it at $13.58. A total of 1.71 million shares were traded, compared to the trading of 1.47 million shares in the previous session.
Levels Of Support And Resistance For SG Stock
The 24-hour chart illustrates a support level at 20.44, which if violated will result in even more drops to 19.80. On the upside, there is a resistance level at 22.30. A further resistance level may holdings at 23.52. The Relative Strength Index (RSI) on the 14-day chart is 45.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.61, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.99%. Stochastics %K at 18.02% indicates the stock is a buying.
The most recent change occurred on June 14, 2023 when Piper Sandler began covering the stock and recommended ‘”a Neutral”‘ rating along with a $11 price target.
