Symbotic Inc’s recent filing unveils that its Director KRASNOW TODD unloaded Company’s shares for reported $84406.0 on Apr 05 ’24. In the deal valued at $42.20 per share,2,000 shares were sold. As a result of this transaction, KRASNOW TODD now holds 10,447 shares worth roughly $0.42 million.
Then, Dunn Michael David sold 5,444 shares, generating $235,674 in total proceeds. Upon selling the shares at $43.29, the insider now owns 71,366 shares.
Before that, Dunn Michael David sold 2,000 shares. Symbotic Inc shares valued at $91,040 were divested by the insider at a price of $45.52 per share. As a result of the transaction, Dunn Michael David now holds 63,646 shares, worth roughly $2.58 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 fall -4.47% to $40.61. Over the last five days, the stock has lost -10.21%. Symbotic Inc shares have fallen nearly -20.88% since the year began. Nevertheless, the stocks have risen 48.92% 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 $43.95, while 200 days put it at $42.97. A total of 1.3 million shares were traded, compared to the trading of 0.84 million shares in the previous session.
Levels Of Support And Resistance For SYM Stock
The 24-hour chart illustrates a support level at 39.30, which if violated will result in even more drops to 37.98. On the upside, there is a resistance level at 42.46. A further resistance level may holdings at 44.30. The Relative Strength Index (RSI) on the 14-day chart is 39.08, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.81, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.52%. Stochastics %K at 18.01% indicates the stock is a buying.
