Grocery Outlet Holding Corp’s recently made public that its EVP, GC and Secretary Thompson Luke D unloaded Company’s shares for reported $29877.0 on May 21 ’24. In the deal valued at $22.43 per share,1,332 shares were sold. As a result of this transaction, Thompson Luke D now holds 32,306 shares worth roughly $0.68 million.
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Then, BACHMAN JOHN E. bought 10,000 shares, generating $200,950 in total proceeds. Upon buying the shares at $20.09, the Director now owns 25,872 shares.
Before that, Ragatz Erik D. bought 100,000 shares. Grocery Outlet Holding Corp shares valued at $2,090,616 were divested by the Director at a price of $20.91 per share. As a result of the transaction, Ragatz Erik D. now holds 429,785 shares, worth roughly $8.99 million.
Telsey Advisory Group reiterated its Grocery Outlet Holding Corp [GO] rating to an Outperform in a research note published on May 08, 2024; the price target was $31. A number of analysts have revised their coverage, including Craig Hallum’s analysts, who increased its forecast for the stock in late February from “a Hold” to “a Buy”. Telsey Advisory Group also remained covering GO and reiterated its “an Outperform” recommendation on February 28, 2024. Goldman revised its rating on December 12, 2023. It rated GO as “a Sell” which previously was an “a Buy”.
Price Performance Review of GO
On Friday, Grocery Outlet Holding Corp [NASDAQ:GO] saw its stock fall -2.15% to $20.91. Over the last five days, the stock has lost -4.91%. Grocery Outlet Holding Corp shares have fallen nearly -22.44% since the year began. Nevertheless, the stocks have fallen -26.71% over the past one year. While a 52-week high of $36.54 was reached on 02/28/24, a 52-week low of $19.73 was recorded on 05/13/24. SMA at 50 days reached $24.49, while 200 days put it at $26.91. A total of 1.28 million shares were traded, compared to the trading of 1.32 million shares in the previous session.
Levels Of Support And Resistance For GO Stock
The 24-hour chart illustrates a support level at 20.70, which if violated will result in even more drops to 20.49. On the upside, there is a resistance level at 21.25. A further resistance level may holdings at 21.59. The Relative Strength Index (RSI) on the 14-day chart is 36.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.72, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.69%. Stochastics %K at 12.07% indicates the stock is a buying.
The most recent change occurred on August 02, 2023 when Telsey Advisory Group resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $40.
