Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. GrowGeneration Corp shares valued at $710,138 were purchased by Salaman Michael on Nov 15 ’23. At $2.35 per share, Salaman Michael acquired 302,766 shares. The insider’s holdings grew to 1,240,075 shares worth approximately $2.65 million following the completion of this transaction.
Also, Lampert Darren purchased 21,000 shares, netting a total of over 49,638 in proceeds. Following the buying of shares at $2.36 each, the insider now holds 1,333,120 shares.
Before that, Lampert Darren had added 175,000 shares to its account. In a trade valued at $368,830, the CEO bought GrowGeneration Corp shares for $2.11 each. Upon closing the transaction, the insider’s holdings increased to 175,000 shares, worth approximately $2.81 million.
As published in a research note from Oppenheimer on March 20, 2024, GrowGeneration Corp [GRWG] has been rated down from an Outperform to a Perform. Analysts at Craig Hallum upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early May. As of August 05, 2022, Alliance Global Partners has decreased its “Buy” rating to a “Neutral” for GRWG. Earlier on March 03, 2022, ROTH Capital downgraded its rating. Their new recommendation was “a Neutral” for GRWG stock which previously was a “a Buy”.
Analyzing GRWG Stock Performance
During the last five days, there has been a drop of approximately -14.06%. Over the course of the year, GrowGeneration Corp shares have dropped approximately -14.74%. Shares of the company reached a 52-week high of $3.38 on 04/04/24 and a 52-week low of $1.82 on 03/20/24. A 50-day SMA is recorded $2.31, while a 200-day SMA reached $2.68. Nevertheless, trading volume fell to 0.98 million shares from 0.82 million shares the previous day.
Support And Resistance Levels for GrowGeneration Corp (GRWG)
According to the 24-hour chart, there is a support level at 2.09, which, if violated, would cause prices to drop to 2.03. In the upper region, resistance lies at 2.24. The next price resistance is at 2.33. RSI (Relative Strength Index) is 41.00 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.42, which suggests the price will decrease in the coming days. Percent R is at 99.20%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
