In a filing, Sprouts Farmers Market Inc revealed its Chief Executive Officer Sinclair Jack unloaded Company’s shares for reported $0.47 million on Jul 03 ’24. In the deal valued at $82.31 per share,5,714 shares were sold. As a result of this transaction, Sinclair Jack now holds 239,574 shares worth roughly $20.28 million.
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Then, Sinclair Jack sold 5,714 shares, generating $476,437 in total proceeds. Upon selling the shares at $83.38, the Chief Executive Officer now owns 245,288 shares.
Before that, Sinclair Jack sold 5,714 shares. Sprouts Farmers Market Inc shares valued at $440,620 were divested by the Chief Executive Officer at a price of $77.11 per share. As a result of the transaction, Sinclair Jack now holds 251,002 shares, worth roughly $21.25 million.
BofA Securities upgraded its Sprouts Farmers Market Inc [SFM] rating to a Buy from a an Underperform in a research note published on February 27, 2024; the price target was increased to $70 from $30. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who increased its forecast for the stock in early January from “an Underperform” to “an In-line”. Goldman also remained covering SFM and has increased its forecast on December 12, 2023 with a “Buy” recommendation from previously “Sell” rating. Deutsche Bank revised its rating on July 25, 2023. It rated SFM as “a Hold” which previously was an “a Buy”.
Price Performance Review of SFM
On Monday, Sprouts Farmers Market Inc [NASDAQ:SFM] saw its stock fall -2.35% to $84.66. Over the last five days, the stock has gained 1.68%. Sprouts Farmers Market Inc shares have risen nearly 75.97% since the year began. Nevertheless, the stocks have risen 115.80% over the past one year. While a 52-week high of $86.73 was reached on 07/29/24, a 52-week low of $36.21 was recorded on 01/02/24. SMA at 50 days reached $80.51, while 200 days put it at $60.55. A total of 2.73 million shares were traded, compared to the trading of 1.31 million shares in the previous session.
Levels Of Support And Resistance For SFM Stock
The 24-hour chart illustrates a support level at 83.15, which if violated will result in even more drops to 81.63. On the upside, there is a resistance level at 87.27. A further resistance level may holdings at 89.87. The Relative Strength Index (RSI) on the 14-day chart is 58.35, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.49, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 41.02%. Stochastics%K at 72.11% indicates the stock is a holding.
The most recent change occurred on April 20, 2023 when Evercore ISI began covering the stock and recommended ‘”an Underperform”‘ rating along with a $29 price target.
