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Monitoring Symbotic Inc (SYM) after recent insider movements

Symbotic Inc’s filing revealed that its insider Dunn Michael David unloaded Company’s shares for reported $70016.0 on Apr 24 ’24. In the deal valued at $40.08 per share,1,747 shares were sold. As a result of this transaction, Dunn Michael David now holds 74,032 shares worth roughly $2.98 million.

Then, KRASNOW TODD sold 2,000 shares, generating $84,406 in total proceeds. Upon selling the shares at $42.20, the Director now owns 10,447 shares.

Before that, Dunn Michael David sold 5,444 shares. Symbotic Inc shares valued at $235,674 were divested by the insider at a price of $43.29 per share. As a result of the transaction, Dunn Michael David now holds 71,366 shares, worth roughly $2.87 million.

DA Davidson upgraded its Symbotic Inc [SYM] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Needham’s analysts, who remained covering the stock and in early February has reiterated a ‘”a Buy”‘ rating for it. KeyBanc Capital Markets began covering SYM with “an Overweight” recommendation on October 03, 2023. William Blair revised its rating on August 01, 2023. It rated SYM as “a Mkt perform” which previously was an “an Outperform”.

Price Performance Review of SYM

On Monday, Symbotic Inc [NASDAQ:SYM] saw its stock jump 0.17% to $40.26. Over the last five days, the stock has gained 1.51%. Symbotic Inc shares have fallen nearly -21.57% since the year began. Nevertheless, the stocks have risen 43.84% over the past one year. While a 52-week high of $64.14 was reached on 02/05/24, a 52-week low of $22.40 was recorded on 02/07/24. SMA at 50 days reached $43.04, while 200 days put it at $42.83. A total of 1.05 million shares were traded, compared to the trading of 0.9 million shares in the previous session.

Levels Of Support And Resistance For SYM Stock

The 24-hour chart illustrates a support level at 39.59, which if violated will result in even more drops to 38.91. On the upside, there is a resistance level at 40.79. A further resistance level may holdings at 41.31. The Relative Strength Index (RSI) on the 14-day chart is 41.92, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 70.55%. Stochastics %K at 25.32% indicates the stock is a holding.

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