KD Logo

Taking a look at what insiders are doing to gauge the Sally Beauty Holdings Inc (SBH)’s direction

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Sally Beauty Holdings Inc shares valued at $129,520 were sold by Sherman Scott C on Feb 22 ’24. At $12.95 per share, Sherman Scott C sold 10,000 shares. The insider’s holdings dropped to 35,014 shares worth approximately $0.36 million following the completion of this transaction.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Also, Paulonis Denise purchased 4,000 shares, netting a total of over 45,160 in proceeds. Following the buying of shares at $11.29 each, the insider now holds 170,826 shares.

As published in their initiating research note from Piper Sandler on December 15, 2022, Sally Beauty Holdings Inc [SBH] has been an Overweight and the price target has been revised to $15. Analysts at Cowen downgraded the stock from ‘”an Outperform”‘ to ‘”a Market perform”‘ outlook in a report released in mid August. As of June 29, 2022, Raymond James has decreased its “Mkt perform” rating to a “an Underperform” for SBH. Earlier on June 16, 2022, Morgan Stanley downgraded its rating. Their new recommendation was “an Underweight” for SBH stock which previously was a “an Equal-weight”.

Analyzing SBH Stock Performance

During the last five days, there has been a drop of approximately -9.99%. Over the course of the year, Sally Beauty Holdings Inc shares have dropped approximately -23.34%. Shares of the company reached a 52-week high of $13.91 on 02/15/24 and a 52-week low of $9.90 on 05/09/24. A 50-day SMA is recorded $11.00, while a 200-day SMA reached $10.86. Nevertheless, trading volume fell to 1.09 million shares from 1.28 million shares the previous day.

Support And Resistance Levels for Sally Beauty Holdings Inc (SBH)

According to the 24-hour chart, there is a support level at 10.03, which, if violated, would cause prices to drop to 9.87. In the upper region, resistance lies at 10.41. The next price resistance is at 10.64. RSI (Relative Strength Index) is 35.56 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.97, which suggests the price will decrease in the coming days. Percent R is at 97.03%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Most Popular