Sweetgreen Inc’s recently made public that its Chief Concept Officer Jammet Nicolas unloaded Company’s shares for reported $6.07 million on Aug 26 ’24. In the deal valued at $35.77 per share,169,767 shares were sold. As a result of this transaction, Jammet Nicolas now holds 1,930,233 shares worth roughly $61.01 million.
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Then, Ru Nathaniel sold 169,770 shares, generating $6,072,673 in total proceeds. Upon selling the shares at $35.77, the Chief Brand Officer now owns 1,952,129 shares.
Before that, Neman Jonathan sold 169,772 shares. Sweetgreen Inc shares valued at $6,072,744 were divested by the CHIEF EXECUTIVE OFFICER at a price of $35.77 per share. As a result of the transaction, Neman Jonathan now holds 1,930,228 shares, worth roughly $61.01 million.
Piper Sandler downgraded its Sweetgreen Inc [SG] rating to a Neutral from a an Overweight in a research note published on August 19, 2024; the price target was increased to $39 from $33. A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in mid July with a ‘”a Buy”‘ rating. Morgan Stanley also remained covering SG and has increased its forecast on July 16, 2024 with a “an Equal-weight” recommendation from previously “an Underweight” rating. Goldman started covering the stock on June 13, 2024. It rated SG as “a Buy”.
Price Performance Review of SG
On Friday, Sweetgreen Inc [NYSE:SG] saw its stock fall -0.06% to $31.61. Over the last five days, the stock has lost -16.04%. Sweetgreen Inc shares have risen nearly 179.73% since the year began. Nevertheless, the stocks have risen 121.36% over the past one year. While a 52-week high of $38.53 was reached on 08/23/24, a 52-week low of $8.64 was recorded on 01/17/24. SMA at 50 days reached $29.08, while 200 days put it at $21.14.
Levels Of Support And Resistance For SG Stock
The 24-hour chart illustrates a support level at 30.88, which if violated will result in even more drops to 30.16. On the upside, there is a resistance level at 32.43. A further resistance level may holdings at 33.26. The Relative Strength Index (RSI) on the 14-day chart is 49.40, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.61, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.66%. Stochastics %K at 6.82% indicates the stock is a buying.
How much short interest is there in Sweetgreen Inc?
A steep rise in short interest was recorded in Sweetgreen Inc stocks on 2024-08-15, growing by 0.46 million shares to a total of 13.04 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 12.58 million shares. There was a rise of 3.51%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on April 01, 2024 when Oppenheimer resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $34.
