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Selling Buzz: Savers Value Village Inc [SVV] Chief Executive Officer Walsh Mark T. sells 17,000 shares of the company

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Savers Value Village Inc shares valued at $316,343 were sold by Walsh Mark T. on Apr 08 ’24. At $18.61 per share, Walsh Mark T. sold 17,000 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.

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Also, Medway Richard A. sold 2,850 shares, netting a total of over 54,520 in proceeds. Following the sale of shares at $19.13 each, the insider now holds 0 shares.

Before that, Geisser Melinda L. had sold 2,000 shares from its account. In a trade valued at $38,260, the Chief People Services Officer traded Savers Value Village Inc shares for $19.13 each. Upon closing the transaction, the insider’s holdings decreased to 2,000 shares, worth approximately $0.0.

As published in a research note from Goldman on August 09, 2024, Savers Value Village Inc [SVV] has been rated down from a Buy to a Neutral and the price target has been revised to $10 from $14. Analysts at JP Morgan downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in late July. As of August 15, 2023, Loop Capital has initiated its “Buy” rating for SVV. Earlier on July 25, 2023, CIBC initiated its rating. Their recommendation was “a Sector outperform” for SVV stock.

Analyzing SVV Stock Performance

During the last five days, there has been a drop of approximately -6.78%. Over the course of the year, Savers Value Village Inc shares have dropped approximately -47.81%. Shares of the company reached a 52-week high of $21.33 on 03/07/24 and a 52-week low of $7.78 on 08/09/24. A 50-day SMA is recorded $10.39, while a 200-day SMA reached $15.06. Nevertheless, trading volume fell to 0.53 million shares from 0.75 million shares the previous day.

Support And Resistance Levels for Savers Value Village Inc (SVV)

According to the 24-hour chart, there is a support level at 8.92, which, if violated, would cause prices to drop to 8.76. In the upper region, resistance lies at 9.22. The next price resistance is at 9.36. RSI (Relative Strength Index) is 41.84 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.32, which suggests the price will decrease in the coming days. Percent R is at 75.34%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

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