Symbotic Inc’s recent filing unveils that its insider Dunn Michael David unloaded Company’s shares for reported $80000.0 on May 01 ’24. In the deal valued at $40.00 per share,2,000 shares were sold. As a result of this transaction, Dunn Michael David now holds 72,032 shares worth roughly $3.02 million.
Then, Boyd William M III sold 8,825 shares, generating $356,032 in total proceeds. Upon selling the shares at $40.34, the Chief Strategy Officer now owns 23,012 shares.
Before that, Dunn Michael David sold 1,747 shares. Symbotic Inc shares valued at $70,016 were divested by the insider at a price of $40.08 per share. As a result of the transaction, Dunn Michael David now holds 74,032 shares, worth roughly $3.1 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 1.97% to $41.94. Over the last five days, the stock has gained 4.17%. Symbotic Inc shares have fallen nearly -18.29% since the year began. Nevertheless, the stocks have risen 58.20% over the past one year. While a 52-week high of $64.14 was reached on 02/05/24, a 52-week low of $23.58 was recorded on 02/07/24. SMA at 50 days reached $42.92, while 200 days put it at $42.63. A total of 2.53 million shares were traded, compared to the trading of 0.94 million shares in the previous session.
Levels Of Support And Resistance For SYM Stock
The 24-hour chart illustrates a support level at 40.92, which if violated will result in even more drops to 39.90. On the upside, there is a resistance level at 43.32. A further resistance level may holdings at 44.70. The Relative Strength Index (RSI) on the 14-day chart is 51.49, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.86, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 30.69%. Stochastics %K at 57.73% indicates the stock is a holding.
