Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. SMART Global Holdings Inc shares valued at $187,896 were purchased by Adams Mark on Apr 11 ’24. At $18.79 per share, Adams Mark acquired 10,000 shares. The insider’s holdings grew to 29,640 shares worth approximately $0.53 million following the completion of this transaction.
Also, Pacheco Jack A sold 2,500 shares, netting a total of over 50,061 in proceeds. Following the sale of shares at $20.02 each, the insider now holds 220,007 shares.
Before that, HERSCHER PENNY had sold 842 shares from its account. In a trade valued at $18,207, the Director traded SMART Global Holdings Inc shares for $21.62 each. Upon closing the transaction, the insider’s holdings decreased to 842 shares, worth approximately $0.21 million.
Analysts at Needham resumed the stock at ‘”a Buy”‘ outlook in a report released in late June. As of December 27, 2021, Rosenblatt has reiterated its “Buy” rating for SGH. Earlier on July 07, 2021, Needham resumed its rating. Their recommendation was “a Buy” for SGH stock.
Analyzing SGH Stock Performance
During the last five days, there has been a drop of approximately -8.85%. Over the course of the year, SMART Global Holdings Inc shares have dropped approximately -6.39%. Shares of the company reached a 52-week high of $27.22 on 04/01/24 and a 52-week low of $17.43 on 01/04/24. A 50-day SMA is recorded $22.71, while a 200-day SMA reached $21.51. Nevertheless, trading volume fell to 0.83 million shares from 1.37 million shares the previous day.
Support And Resistance Levels for SMART Global Holdings Inc (SGH)
According to the 24-hour chart, there is a support level at 17.39, which, if violated, would cause prices to drop to 17.05. In the upper region, resistance lies at 18.33. The next price resistance is at 18.93. RSI (Relative Strength Index) is 25.74 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.93, which suggests the price will decrease in the coming days. Percent R is at 99.37%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
