KD Logo

The Attractiveness of Investing In SiteOne Landscape Supply Inc (SITE) is Growing

SiteOne Landscape Supply Inc’s recently made public that its CEO BLACK DOUG unloaded Company’s shares for reported $1.62 million on Apr 17 ’24. In the deal valued at $162.10 per share,10,000 shares were sold. As a result of this transaction, BLACK DOUG now holds 574,657 shares worth roughly $90.16 million.

Then, BLACK DOUG sold 10,000 shares, generating $1,763,500 in total proceeds. Upon selling the shares at $176.35, the CEO now owns 574,657 shares.

Before that, GUTHRIE JOHN T sold 3,000 shares. SiteOne Landscape Supply Inc shares valued at $540,000 were divested by the EVP, CFO and Assistant Sec. at a price of $180.00 per share. As a result of the transaction, GUTHRIE JOHN T now holds 15,467 shares, worth roughly $2.43 million.

Loop Capital downgraded its SiteOne Landscape Supply Inc [SITE] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Stifel’s analysts, who decreased its forecast for the stock in mid December from “a Buy” to “a Hold”. Deutsche Bank also remained covering SITE and has decreased its forecast on December 08, 2023 with a “Sell” recommendation from previously “Hold” rating. UBS revised its rating on September 26, 2023. It rated SITE as “a Buy” which previously was an “a Neutral”.

Price Performance Review of SITE

On Tuesday, SiteOne Landscape Supply Inc [NYSE:SITE] saw its stock fall -3.15% to $156.89. Over the last five days, the stock has lost -3.54%. SiteOne Landscape Supply Inc shares have fallen nearly -3.45% since the year began. Nevertheless, the stocks have risen 6.19% over the past one year. While a 52-week high of $188.01 was reached on 03/21/24, a 52-week low of $116.81 was recorded on 02/05/24. SMA at 50 days reached $170.16, while 200 days put it at $158.38. A total of 0.4 million shares were traded, compared to the trading of 0.39 million shares in the previous session.

Levels Of Support And Resistance For SITE Stock

The 24-hour chart illustrates a support level at 155.44, which if violated will result in even more drops to 154.00. On the upside, there is a resistance level at 159.37. A further resistance level may holdings at 161.86. The Relative Strength Index (RSI) on the 14-day chart is 38.18, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.93%. Stochastics %K at 25.68% indicates the stock is a holding.

Most Popular

[the_ad id="945"]