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Investing in Simply Good Foods Co (SMPL): What You Must Know

CHWY Stock

In a filing, Simply Good Foods Co revealed its Director WHITE JAMES D unloaded Company’s shares for reported $0.15 million on May 10 ’24. In the deal valued at $38.17 per share,4,000 shares were sold. As a result of this transaction, WHITE JAMES D now holds 17,027 shares worth roughly $0.61 million.

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Then, Montgomery Robert G. sold 2,500 shares, generating $98,400 in total proceeds. Upon selling the shares at $39.36, the Director now owns 52,738 shares.

Before that, Hunsberger Susan sold 35,010 shares. Simply Good Foods Co shares valued at $1,422,369 were divested by the SVP and Chief HR Officer at a price of $40.63 per share. As a result of the transaction, Hunsberger Susan now holds 30,768 shares, worth roughly $1.1 million.

TD Cowen initiated its Simply Good Foods Co [SMPL] rating to a Hold in a research note published on April 22, 2024; the price target was $34. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who decreased its forecast for the stock in early January from “a Buy” to “a Hold”. DA Davidson began covering SMPL with “Neutral” recommendation on December 08, 2023. Morgan Stanley revised its rating on September 18, 2023. It rated SMPL as “an Overweight” which previously was an “an Equal-weight”.

Price Performance Review of SMPL

On Tuesday, Simply Good Foods Co [NASDAQ:SMPL] saw its stock jump 0.08% to $35.80. Over the last five days, the stock has lost -3.30%. Simply Good Foods Co shares have fallen nearly -9.60% since the year began. Nevertheless, the stocks have fallen -2.16% over the past one year. While a 52-week high of $43.00 was reached on 01/04/24, a 52-week low of $30.00 was recorded on 04/04/24. SMA at 50 days reached $36.67, while 200 days put it at $36.54. A total of 0.81 million shares were traded, compared to the trading of 1.69 million shares in the previous session.

Levels Of Support And Resistance For SMPL Stock

The 24-hour chart illustrates a support level at 35.44, which if violated will result in even more drops to 35.09. On the upside, there is a resistance level at 36.17. A further resistance level may holdings at 36.55. The Relative Strength Index (RSI) on the 14-day chart is 42.37, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.45, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.24%. Stochastics%K at 20.87% indicates the stock is a holding.

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