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Northcoast upgrades SpartanNash Co (SPTN) stock to a Buy

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SpartanNash Co’s recently made public that its Director MacPherson Kerrie D. acquired Company’s shares for reported $19450.0 on Jun 07 ’24. In the deal valued at $19.45 per share,1,000 shares were bought. As a result of this transaction, MacPherson Kerrie D. now holds 4,739 shares worth roughly $0.1 million.

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Then, VOSS WILLIAM R sold 16,439 shares, generating $326,150 in total proceeds. Upon selling the shares at $19.84, the Director now owns 15,248 shares.

Before that, Proctor Hawthorne L. sold 4,700 shares. SpartanNash Co shares valued at $97,807 were divested by the Director at a price of $20.81 per share. As a result of the transaction, Proctor Hawthorne L. now holds 25,488 shares, worth roughly $0.55 million.

Northcoast upgraded its SpartanNash Co [SPTN] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including CL King’s analysts, who began to cover the stock in late March with a ‘”a Neutral”‘ rating. CL King began covering SPTN with “Buy” recommendation on March 21, 2022. Northcoast revised its rating on November 15, 2021. It rated SPTN as “a Neutral” which previously was an “a Buy”.

Price Performance Review of SPTN

On Tuesday, SpartanNash Co [NASDAQ:SPTN] saw its stock jump 1.17% to $21.55. Over the last five days, the stock has gained 10.46%. SpartanNash Co shares have fallen nearly -6.10% since the year began. Nevertheless, the stocks have fallen -8.22% over the past one year. While a 52-week high of $24.51 was reached on 01/03/24, a 52-week low of $17.74 was recorded on 07/05/24. SMA at 50 days reached $19.47, while 200 days put it at $20.79.

Levels Of Support And Resistance For SPTN Stock

The 24-hour chart illustrates a support level at 21.26, which if violated will result in even more drops to 20.98. On the upside, there is a resistance level at 21.71. A further resistance level may holdings at 21.88. The Relative Strength Index (RSI) on the 14-day chart is 68.83, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.23, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 1.54%. Stochastics%K at 91.48% indicates the stock is a selling.

How much short interest is there in SpartanNash Co?

A steep rise in short interest was recorded in SpartanNash Co stocks on 2024-07-31, dropping by -0.18 million shares to a total of 0.89 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 1.06 million shares. There was a decline of -19.92%, which implies that there is a negative sentiment for the stock.

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