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Analyzing SMART Global Holdings Inc (SGH) After Recent Trading Activity

In a filing, SMART Global Holdings Inc revealed its President, LED Solutions Clark Joseph Gates unloaded Company’s shares for reported $45359.0 on Apr 24 ’24. In the deal valued at $17.94 per share,2,529 shares were sold. As a result of this transaction, Clark Joseph Gates now holds 92,386 shares worth roughly $1.78 million.

Then, Adams Mark bought 10,000 shares, generating $187,896 in total proceeds. Upon buying the shares at $18.79, the President and CEO now owns 29,640 shares.

Before that, Pacheco Jack A sold 2,500 shares. SMART Global Holdings Inc shares valued at $50,061 were divested by the EVP, COO, Pres, Mem Solutions at a price of $20.02 per share. As a result of the transaction, Pacheco Jack A now holds 220,007 shares, worth roughly $4.23 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 1.37% to $19.22. Over the last five days, the stock has gained 3.44%. SMART Global Holdings Inc shares have risen nearly 1.53% since the year began. Nevertheless, the stocks have risen 19.30% 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 $21.74, while 200 days put it at $20.80. A total of 0.58 million shares were traded, compared to the trading of 0.62 million shares in the previous session.

Levels Of Support And Resistance For SGH Stock

The 24-hour chart illustrates a support level at 18.93, which if violated will result in even more drops to 18.65. On the upside, there is a resistance level at 19.44. A further resistance level may holdings at 19.67. The Relative Strength Index (RSI) on the 14-day chart is 46.84, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.37, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 11.22%. Stochastics %K at 77.23% indicates the stock is a holding.

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