Shyft Group Inc’s recent filing unveils that its President and CEO Dunn John Albert acquired Company’s shares for reported $49995.0 on Feb 26 ’24. In the deal valued at $11.00 per share,4,545 shares were bought. As a result of this transaction, Dunn John Albert now holds 35,894 shares worth roughly $0.42 million.
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Then, Sherbin Joshua A bought 2,254 shares, generating $24,907 in total proceeds. Upon buying the shares at $11.05, the Chief Legal Officer now owns 39,105 shares.
Before that, Douyard Jonathan C bought 9,060 shares. Shyft Group Inc shares valued at $100,566 were divested by the Chief Financial Officer at a price of $11.10 per share. As a result of the transaction, Douyard Jonathan C now holds 81,506 shares, worth roughly $0.96 million.
BTIG Research downgraded its Shyft Group Inc [SHYF] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including DA Davidson’s analysts, who decreased its forecast for the stock in late July from “a Buy” to “a Neutral”. Craig Hallum also remained covering SHYF and has decreased its forecast on July 27, 2023 with a “Hold” recommendation from previously “Buy” rating. BTIG Research started covering the stock on January 19, 2023. It rated SHYF as “a Buy”.
Price Performance Review of SHYF
On Friday, Shyft Group Inc [NASDAQ:SHYF] saw its stock fall -4.23% to $11.76. Over the last five days, the stock has lost -4.55%. Shyft Group Inc shares have fallen nearly -3.76% since the year began. Nevertheless, the stocks have fallen -47.59% over the past one year. While a 52-week high of $23.07 was reached on 05/22/24, a 52-week low of $9.81 was recorded on 03/05/24. SMA at 50 days reached $12.05, while 200 days put it at $12.11. A total of 0.52 million shares were traded, compared to the trading of 0.16 million shares in the previous session.
Levels Of Support And Resistance For SHYF Stock
The 24-hour chart illustrates a support level at 11.59, which if violated will result in even more drops to 11.42. On the upside, there is a resistance level at 12.10. A further resistance level may holdings at 12.44. The Relative Strength Index (RSI) on the 14-day chart is 38.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.56%. Stochastics %K at 26.23% indicates the stock is a holding.
