Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Sweetgreen Inc shares valued at $4,575,000 were sold by Ru Nathaniel on Jun 05 ’24. At $30.50 per share, Ru Nathaniel sold 150,000 shares. The insider’s holdings dropped to 2,121,899 shares worth approximately $55.7 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Jammet Nicolas sold 150,000 shares, netting a total of over 4,575,000 in proceeds. Following the sale of shares at $30.50 each, the insider now holds 2,100,000 shares.
Before that, Neman Jonathan had sold 150,000 shares from its account. In a trade valued at $4,575,000, the CHIEF EXECUTIVE OFFICER traded Sweetgreen Inc shares for $30.50 each. Upon closing the transaction, the insider’s holdings decreased to 150,000 shares, worth approximately $55.12 million.
As published in their initiating research note from UBS on July 17, 2024, Sweetgreen Inc [SG] has been a Buy and the price target has been revised to $31. Analysts at Morgan Stanley upgraded the stock from ‘”an Underweight”‘ to ‘”an Equal-weight”‘ outlook in a report released in mid July. As of June 13, 2024, Goldman has initiated its “Buy” rating for SG. Earlier on April 01, 2024, Oppenheimer resumed its rating. Their recommendation was “an Outperform” for SG stock.
Analyzing SG Stock Performance
During the last five days, there has been a drop of approximately -7.24%. Over the course of the year, Sweetgreen Inc shares have jumped approximately 132.30%. Shares of the company reached a 52-week high of $36.72 on 06/07/24 and a 52-week low of $9.66 on 01/17/24. A 50-day SMA is recorded $28.23, while a 200-day SMA reached $19.19. Nevertheless, trading volume fell to 5.13 million shares from 2.98 million shares the previous day.
Support And Resistance Levels for Sweetgreen Inc (SG)
According to the 24-hour chart, there is a support level at 24.60, which, if violated, would cause prices to drop to 22.94. In the upper region, resistance lies at 27.19. The next price resistance is at 28.12. RSI (Relative Strength Index) is 49.10 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.04, which suggests the price will decrease in the coming days. Percent R is at 50.09%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.
