Suburban Propane Partners LP’s recent filing unveils that its VP-Renewable Nat Gas Opers Palleschi Craig unloaded Company’s shares for reported $20130.0 on Mar 07 ’24. In the deal valued at $21.19 per share,950 shares were sold. As a result of this transaction, Palleschi Craig now holds 22,451 shares worth roughly $0.42 million.
Then, Schueler Michael A sold 20,000 shares, generating $421,600 in total proceeds. Upon selling the shares at $21.08, the Vice President-Product Supply now owns 30,552 shares.
Before that, Brinkworth Douglas sold 5,000 shares. Suburban Propane Partners LP shares valued at $102,550 were divested by the SVP- Prod.Sup,Purch.&Logistics at a price of $20.51 per share. As a result of the transaction, Brinkworth Douglas now holds 158,659 shares, worth roughly $2.94 million.
Mizuho downgraded its Suburban Propane Partners LP [SPH] rating to an Underperform from a a Neutral in a research note published on January 29, 2024; the price target was increased to $17 from $16. A number of analysts have revised their coverage, including Mizuho’s analysts, who began to cover the stock in late April with a ‘”a Neutral”‘ rating. Argus also remained covering SPH and has increased its forecast on March 26, 2021 with a “Buy” recommendation from previously “Hold” rating. Argus revised its rating on October 21, 2020. It rated SPH as “a Hold” which previously was an “a Sell”.
Price Performance Review of SPH
On Tuesday, Suburban Propane Partners LP [NYSE:SPH] saw its stock fall -0.80% to $18.55. Over the last five days, the stock has lost -8.71%. Suburban Propane Partners LP shares have risen nearly 4.45% since the year began. Nevertheless, the stocks have risen 19.99% over the past one year. While a 52-week high of $22.33 was reached on 04/04/24, a 52-week low of $14.42 was recorded on 01/03/24. SMA at 50 days reached $20.28, while 200 days put it at $17.27. A total of 0.22 million shares were traded, compared to the trading of 0.26 million shares in the previous session.
Levels Of Support And Resistance For SPH Stock
The 24-hour chart illustrates a support level at 18.16, which if violated will result in even more drops to 17.78. On the upside, there is a resistance level at 18.87. A further resistance level may holdings at 19.20. The Relative Strength Index (RSI) on the 14-day chart is 30.37, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.33, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.53%. Stochastics %K at 5.51% indicates the stock is a buying.
