Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. SiteOne Landscape Supply Inc shares valued at $1,600,100 were sold by BLACK DOUG on May 15 ’24. At $160.01 per share, BLACK DOUG sold 10,000 shares. The insider’s holdings dropped to 578,361 shares worth approximately $82.09 million following the completion of this transaction.
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Also, BLACK DOUG sold 10,000 shares, netting a total of over 1,621,000 in proceeds. Following the sale of shares at $162.10 each, the insider now holds 574,657 shares.
Before that, BLACK DOUG had sold 10,000 shares from its account. In a trade valued at $1,763,500, the CEO traded SiteOne Landscape Supply Inc shares for $176.35 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $81.57 million.
As published in a research note from Stifel on May 02, 2024, SiteOne Landscape Supply Inc [SITE] has been rated up from a Hold to a Buy and the price target has been revised to $165 from $167. Analysts at Loop Capital downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early January. As of December 19, 2023, Stifel has decreased its “Buy” rating to a “Hold” for SITE. Earlier on December 08, 2023, Deutsche Bank downgraded its rating. Their new recommendation was “a Sell” for SITE stock which previously was a “a Hold”.
Analyzing SITE Stock Performance
During the last five days, there has been a surge of approximately 3.52%. Over the course of the year, SiteOne Landscape Supply Inc shares have dropped approximately -12.65%. Shares of the company reached a 52-week high of $188.01 on 03/21/24 and a 52-week low of $114.60 on 07/09/24. A 50-day SMA is recorded $136.36, while a 200-day SMA reached $151.53. Nevertheless, trading volume fell to 0.67 million shares from 0.34 million shares the previous day.
Support And Resistance Levels for SiteOne Landscape Supply Inc (SITE)
According to the 24-hour chart, there is a support level at 136.66, which, if violated, would cause prices to drop to 131.37. In the upper region, resistance lies at 145.77. The next price resistance is at 149.59. RSI (Relative Strength Index) is 60.20 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.97, which suggests the price will increase in the coming days. Percent R is at 11.92%, indicating bullish price movement. Stochastics%K at holding indicates that the stock is to be held.
