In a filing, Simply Good Foods Co revealed its Director Montgomery Robert G. unloaded Company’s shares for reported $98400.0 on Jan 25 ’24. In the deal valued at $39.36 per share,2,500 shares were sold. As a result of this transaction, Montgomery Robert G. now holds 52,738 shares worth roughly $1.67 million.
Then, Hunsberger Susan sold 35,010 shares, generating $1,422,369 in total proceeds. Upon selling the shares at $40.63, the SVP and Chief HR Officer now owns 30,768 shares.
Before that, Heflin Stuart E. Jr. sold 1,048 shares. Simply Good Foods Co shares valued at $42,396 were divested by the SVP & General Manager, Quest at a price of $40.45 per share. As a result of the transaction, Heflin Stuart E. Jr. now holds 21,084 shares, worth roughly $0.67 million.
Deutsche Bank downgraded its Simply Good Foods Co [SMPL] rating to a Hold from a a Buy in a research note published on January 02, 2024; the price target was increased to $42 from $41. A number of analysts have revised their coverage, including DA Davidson’s analysts, who began to cover the stock in early December with a ‘”a Neutral”‘ rating. Morgan Stanley also remained covering SMPL and has increased its forecast on September 18, 2023 with a “an Overweight” recommendation from previously “an Equal-weight” rating.
Price Performance Review of SMPL
On Monday, Simply Good Foods Co [NASDAQ:SMPL] saw its stock fall -0.47% to $31.75. Over the last five days, the stock has lost -1.61%. Simply Good Foods Co shares have fallen nearly -19.82% since the year began. Nevertheless, the stocks have fallen -11.76% over the past one year. While a 52-week high of $43.00 was reached on 01/04/24, a 52-week low of $30.00 was recorded on 04/04/24. SMA at 50 days reached $34.33, while 200 days put it at $36.49. A total of 0.74 million shares were traded, compared to the trading of 0.56 million shares in the previous session.
Levels Of Support And Resistance For SMPL Stock
The 24-hour chart illustrates a support level at 31.55, which if violated will result in even more drops to 31.36. On the upside, there is a resistance level at 32.13. A further resistance level may holdings at 32.52. The Relative Strength Index (RSI) on the 14-day chart is 34.58, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.90, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 58.82%. Stochastics %K at 45.41% indicates the stock is a holding.
The most recent change occurred on December 14, 2022 when Needham began covering the stock and recommended ‘”a Buy”‘ rating along with a $42 price target.
