SMART Global Holdings Inc’s recently made public that its President and CEO Adams Mark acquired Company’s shares for reported $0.19 million on Apr 11 ’24. In the deal valued at $18.79 per share,10,000 shares were bought. As a result of this transaction, Adams Mark now holds 29,640 shares worth roughly $0.51 million.
Then, Pacheco Jack A sold 2,500 shares, generating $50,061 in total proceeds. Upon selling the shares at $20.02, the EVP, COO, Pres, Mem Solutions now owns 220,007 shares.
Before that, HERSCHER PENNY sold 842 shares. SMART Global Holdings Inc shares valued at $18,207 were divested by the Director at a price of $21.62 per share. As a result of the transaction, HERSCHER PENNY now holds 11,871 shares, worth roughly $0.2 million.
A number of analysts have revised their coverage, including Needham’s analysts, who remained covering the stock and in late June has reiterated a ‘”a Buy”‘ rating for it. Rosenblatt also remained covering SGH and reiterated its “Buy” recommendation on December 27, 2021. Needham maintained its rating on July 07, 2021. It rated SGH as “a Buy”.
Price Performance Review of SGH
On Monday, SMART Global Holdings Inc [NASDAQ:SGH] saw its stock jump 1.71% to $17.21. Over the last five days, the stock has lost -8.80%. SMART Global Holdings Inc shares have fallen nearly -9.09% since the year began. Nevertheless, the stocks have risen 6.76% over the past one year. While a 52-week high of $29.99 was reached on 04/01/24, a 52-week low of $12.66 was recorded on 04/19/24. SMA at 50 days reached $22.53, while 200 days put it at $21.41. A total of 1.13 million shares were traded, compared to the trading of 1.42 million shares in the previous session.
Levels Of Support And Resistance For SGH Stock
The 24-hour chart illustrates a support level at 16.88, which if violated will result in even more drops to 16.54. On the upside, there is a resistance level at 17.57. A further resistance level may holdings at 17.92. The Relative Strength Index (RSI) on the 14-day chart is 25.99, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.88, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.85%. Stochastics %K at 2.00% indicates the stock is a buying.
