Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Superior Group of Companies Inc. shares valued at $140,760 were sold by Koosed Philip on Mar 18 ’24. At $15.64 per share, Koosed Philip sold 9,000 shares. The insider’s holdings dropped to 82,436 shares worth approximately $1.59 million following the completion of this transaction.
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Also, HIMELSTEIN JAKE sold 7,000 shares, netting a total of over 110,110 in proceeds. Following the sale of shares at $15.73 each, the insider now holds 38,825 shares.
Before that, Mellini Paul V had sold 6,000 shares from its account. In a trade valued at $93,960, the Director traded Superior Group of Companies Inc. shares for $15.66 each. Upon closing the transaction, the insider’s holdings decreased to 6,000 shares, worth approximately $1.8 million.
As published in their initiating research note from DA Davidson on June 04, 2024, Superior Group of Companies Inc. [SGC] has been a Buy and the price target has been revised to $24. Analysts at Barrington Research resumed the stock at ‘”an Outperform”‘ outlook in a report released in late February. As of July 31, 2017, Barrington Research has reiterated its “an Outperform” rating for SGC. Earlier on February 27, 2017, Barrington Research resumed its rating. Their recommendation was “an Outperform” for SGC stock.
Analyzing SGC Stock Performance
During the last five days, there has been a surge of approximately 1.85%. Over the course of the year, Superior Group of Companies Inc. shares have jumped approximately 43.11%. Shares of the company reached a 52-week high of $21.80 on 06/06/24 and a 52-week low of $13.10 on 01/11/24. A 50-day SMA is recorded $19.08, while a 200-day SMA reached $14.17. Nevertheless, trading volume fell to 73144.0 shares from 0.17 million shares the previous day.
Support And Resistance Levels for Superior Group of Companies Inc. (SGC)
According to the 24-hour chart, there is a support level at 18.99, which, if violated, would cause prices to drop to 18.66. In the upper region, resistance lies at 19.52. The next price resistance is at 19.72. RSI (Relative Strength Index) is 49.71 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.13, which suggests the price will decrease in the coming days. Percent R is at 54.84%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.
