Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Symbotic Inc shares valued at $214,738 were purchased by MIRIAM ORT on Aug 09 ’24. At $21.53 per share, MIRIAM ORT acquired 9,976 shares.
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Also, KRASNOW TODD sold 17,000 shares, netting a total of over 364,765 in proceeds. Following the sale of shares at $21.46 each, the insider now holds 0 shares.
Before that, Todd Krasnow had added 15,000 shares to its account. In a trade valued at $355,500, the Officer bought Symbotic Inc shares for $23.70 each.
As published in their initiating research note from Vertical Research on July 23, 2024, Symbotic Inc [SYM] has been a Hold and the price target has been revised to $45. Analysts at DA Davidson upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early February. As of February 06, 2024, Needham has reiterated its “Buy” rating for SYM. Earlier on October 03, 2023, KeyBanc Capital Markets initiated its rating. Their recommendation was “an Overweight” for SYM stock.
Analyzing SYM Stock Performance
During the last five days, there has been a surge of approximately 4.11%. Over the course of the year, Symbotic Inc shares have dropped approximately -56.61%. Shares of the company reached a 52-week high of $52.20 on 02/05/24 and a 52-week low of $20.90 on 08/12/24. A 50-day SMA is recorded $31.73, while a 200-day SMA reached $41.06. Nevertheless, trading volume fell to 2.53 million shares from 2.38 million shares the previous day.
Support And Resistance Levels for Symbotic Inc (SYM)
According to the 24-hour chart, there is a support level at 21.29, which, if violated, would cause prices to drop to 20.31. In the upper region, resistance lies at 24.07. The next price resistance is at 25.87. RSI (Relative Strength Index) is 36.33 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.10, which suggests the price will increase in the coming days. Percent R is at 70.35%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
