Sprouts Farmers Market Inc’s recent filing unveils that its Director O’Leary Joseph D unloaded Company’s shares for reported $0.95 million on May 22 ’24. In the deal valued at $78.92 per share,12,000 shares were sold. As a result of this transaction, O’Leary Joseph D now holds 24,657 shares worth roughly $1.86 million.
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Then, Fortunato Joe sold 5,000 shares, generating $392,404 in total proceeds. Upon selling the shares at $78.48, the Director now owns 52,966 shares.
Before that, McGlinchey David sold 12,219 shares. Sprouts Farmers Market Inc shares valued at $904,370 were divested by the Chief Strategy Officer at a price of $74.01 per share. As a result of the transaction, McGlinchey David now holds 25,007 shares, worth roughly $1.89 million.
BofA Securities upgraded its Sprouts Farmers Market Inc [SFM] rating to a Buy from a an Underperform in a research note published on February 27, 2024; the price target was increased to $70 from $30. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who increased its forecast for the stock in early January from “an Underperform” to “an In-line”. Goldman also remained covering SFM and has increased its forecast on December 12, 2023 with a “Buy” recommendation from previously “Sell” rating. Deutsche Bank revised its rating on July 25, 2023. It rated SFM as “a Hold” which previously was an “a Buy”.
Price Performance Review of SFM
On Friday, Sprouts Farmers Market Inc [NASDAQ:SFM] saw its stock fall -0.15% to $75.58. Over the last five days, the stock has lost -1.88%. Sprouts Farmers Market Inc shares have risen nearly 57.10% since the year began. Nevertheless, the stocks have risen 114.23% over the past one year. While a 52-week high of $82.96 was reached on 05/24/24, a 52-week low of $33.01 was recorded on 01/02/24. SMA at 50 days reached $72.31, while 200 days put it at $54.59. A total of 0.85 million shares were traded, compared to the trading of 1.08 million shares in the previous session.
Levels Of Support And Resistance For SFM Stock
The 24-hour chart illustrates a support level at 75.01, which if violated will result in even more drops to 74.43. On the upside, there is a resistance level at 75.95. A further resistance level may holdings at 76.31. The Relative Strength Index (RSI) on the 14-day chart is 47.93, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.23%. Stochastics %K at 15.54% indicates the stock is a buying.
The most recent change occurred on April 20, 2023 when Evercore ISI began covering the stock and recommended ‘”an Underperform”‘ rating along with a $29 price target.
