Sprouts Farmers Market Inc’s recent filing unveils that its Chief Merchandising Officer Neal John Scott unloaded Company’s shares for reported $0.67 million on Aug 29 ’24. In the deal valued at $102.29 per share,6,535 shares were sold. As a result of this transaction, Neal John Scott now holds 14,293 shares worth roughly $1.49 million.
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Then, Rauch Douglas Gregory sold 1,500 shares, generating $153,930 in total proceeds. Upon selling the shares at $102.62, the Director now owns 12,574 shares.
Before that, Neal John Scott bought 6,535 shares. Sprouts Farmers Market Inc shares valued at $668,485 were divested by the Officer at a price of $102.29 per share.
Wells Fargo upgraded its Sprouts Farmers Market Inc [SFM] rating to an Equal weight from a an Underweight in a research note published on July 30, 2024; the price target was increased to $90 from $62. A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who increased its forecast for the stock in late July from “an Underperform” to “a Market perform”. BofA Securities also remained covering SFM and has increased its forecast on February 27, 2024 with a “Buy” recommendation from previously “an Underperform” rating. Evercore ISI revised its rating on January 04, 2024. It rated SFM as “an In-line” which previously was an “an Underperform”.
Price Performance Review of SFM
On Friday, Sprouts Farmers Market Inc [NASDAQ:SFM] saw its stock jump 1.47% to $104.05. Over the last five days, the stock has gained 6.31%. Sprouts Farmers Market Inc shares have risen nearly 116.28% since the year began. Nevertheless, the stocks have risen 157.29% over the past one year. While a 52-week high of $103.80 was reached on 08/30/24, a 52-week low of $38.46 was recorded on 01/02/24. SMA at 50 days reached $90.15, while 200 days put it at $67.26.
Levels Of Support And Resistance For SFM Stock
The 24-hour chart illustrates a support level at 102.92, which if violated will result in even more drops to 101.80. On the upside, there is a resistance level at 104.79. A further resistance level may holdings at 105.54. The Relative Strength Index (RSI) on the 14-day chart is 71.94, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.61, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.70%. Stochastics %K at 89.11% indicates the stock is a selling.
How much short interest is there in Sprouts Farmers Market Inc?
A steep rise in short interest was recorded in Sprouts Farmers Market Inc stocks on 2024-08-15, dropping by -1.25 million shares to a total of 8.66 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 9.91 million shares. There was a decline of -14.47%, which implies that there is a negative sentiment for the stock.
