Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Sprouts Farmers Market Inc shares valued at $577,628 were sold by Sinclair Jack on Sep 03 ’24. At $101.09 per share, Sinclair Jack sold 5,714 shares. The insider’s holdings dropped to 222,432 shares worth approximately $22.17 million following the completion of this transaction.
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Also, Sinclair Jack sold 5,714 shares, netting a total of over 557,589 in proceeds. Following the sale of shares at $97.58 each, the insider now holds 216,718 shares.
Before that, Jack Sinclair had added 11,428 shares to its account. In a trade valued at $1,139,257, the Officer bought Sprouts Farmers Market Inc shares for $99.69 each.
As published in a research note from Wells Fargo on July 30, 2024, Sprouts Farmers Market Inc [SFM] has been rated up from an Underweight to an Equal weight and the price target has been revised to $90 from $62. Analysts at BMO Capital Markets upgraded the stock from ‘”an Underperform”‘ to ‘”a Market perform”‘ outlook in a report released in late July. As of February 27, 2024, BofA Securities has increased its “an Underperform” rating to a “Buy” for SFM. Earlier on January 04, 2024, Evercore ISI upgraded its rating. Their new recommendation was “an In-line” for SFM stock which previously was a “an Underperform”.
Analyzing SFM Stock Performance
During the last five days, there has been a drop of approximately -2.25%. Over the course of the year, Sprouts Farmers Market Inc shares have jumped approximately 107.17%. Shares of the company reached a 52-week high of $104.41 on 08/30/24 and a 52-week low of $47.82 on 01/02/24. A 50-day SMA is recorded $91.27, while a 200-day SMA reached $68.12. Nevertheless, trading volume fell to 0.86 million shares from 1.27 million shares the previous day.
Support And Resistance Levels for Sprouts Farmers Market Inc (SFM)
According to the 24-hour chart, there is a support level at 98.56, which, if violated, would cause prices to drop to 97.44. In the upper region, resistance lies at 100.23. The next price resistance is at 100.78. RSI (Relative Strength Index) is 56.67 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.76, which suggests the price will decrease in the coming days. Percent R is at 51.75%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
