GrowGeneration Corp’s recent filing unveils that its President Salaman Michael acquired Company’s shares for reported $0.71 million on Nov 15 ’23. In the deal valued at $2.35 per share,302,766 shares were bought. As a result of this transaction, Salaman Michael now holds 1,240,075 shares worth roughly $3.34 million.
Then, Lampert Darren bought 21,000 shares, generating $49,638 in total proceeds. Upon buying the shares at $2.36, the CEO now owns 1,333,120 shares.
Before that, Lampert Darren bought 175,000 shares. GrowGeneration Corp shares valued at $368,830 were divested by the CEO at a price of $2.11 per share. As a result of the transaction, Lampert Darren now holds 1,312,120 shares, worth roughly $3.53 million.
Oppenheimer downgraded its GrowGeneration Corp [GRWG] rating to a Perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Craig Hallum’s analysts, who increased its forecast for the stock in early May from “a Hold” to “a Buy”. Alliance Global Partners also remained covering GRWG and has decreased its forecast on August 05, 2022 with a “Neutral” recommendation from previously “Buy” rating. ROTH Capital revised its rating on March 03, 2022. It rated GRWG as “a Neutral” which previously was an “a Buy”.
Price Performance Review of GRWG
On Friday, GrowGeneration Corp [NASDAQ:GRWG] saw its stock jump 5.91% to $2.69. Over the last five days, the stock has gained 21.17%. GrowGeneration Corp shares have risen nearly 7.17% since the year began. Nevertheless, the stocks have fallen -16.46% over the past one year. While a 52-week high of $5.00 was reached on 04/04/24, a 52-week low of $1.77 was recorded on 03/20/24. SMA at 50 days reached $2.35, while 200 days put it at $2.61. A total of 1.38 million shares were traded, compared to the trading of 1.03 million shares in the previous session.
Levels Of Support And Resistance For GRWG Stock
The 24-hour chart illustrates a support level at 2.60, which if violated will result in even more drops to 2.50. On the upside, there is a resistance level at 2.79. A further resistance level may holdings at 2.88. The Relative Strength Index (RSI) on the 14-day chart is 55.51, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.20, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 36.08%. Stochastics %K at 50.52% indicates the stock is a holding.
