Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Simply Good Foods Co shares valued at $36,438 were sold by Heflin Stuart E. Jr. on Jul 31 ’24. At $34.44 per share, Heflin Stuart E. Jr. sold 1,058 shares. The insider’s holdings dropped to 19,319 shares worth approximately $0.6 million following the completion of this transaction.
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Also, Heflin Stuart E. Jr. purchased 1,058 shares, netting a total of over 36,438 in proceeds.
Before that, WHITE JAMES D had sold 4,000 shares from its account. In a trade valued at $152,671, the Director traded Simply Good Foods Co shares for $38.17 each. Upon closing the transaction, the insider’s holdings decreased to 4,000 shares, worth approximately $0.53 million.
As published in their initiating research note from TD Cowen on April 22, 2024, Simply Good Foods Co [SMPL] has been a Hold and the price target has been revised to $34. Analysts at Deutsche Bank downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early January. As of December 08, 2023, DA Davidson has initiated its “Neutral” rating for SMPL. Earlier on September 18, 2023, Morgan Stanley upgraded its rating. Their new recommendation was “an Overweight” for SMPL stock which previously was a “an Equal-weight”.
Analyzing SMPL Stock Performance
During the last five days, there has been a drop of approximately -1.73%. Over the course of the year, Simply Good Foods Co shares have dropped approximately -20.93%. Shares of the company reached a 52-week high of $43.00 on 01/04/24 and a 52-week low of $30.00 on 04/04/24. A 50-day SMA is recorded $34.35, while a 200-day SMA reached $36.32. Nevertheless, trading volume fell to 0.97 million shares from 0.96 million shares the previous day.
Support And Resistance Levels for Simply Good Foods Co (SMPL)
According to the 24-hour chart, there is a support level at 31.07, which, if violated, would cause prices to drop to 30.84. In the upper region, resistance lies at 31.72. The next price resistance is at 32.14. RSI (Relative Strength Index) is 34.87 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.59, which suggests the price will decrease in the coming days. Percent R is at 97.71%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
