Sprouts Farmers Market Inc’s filing revealed that its Chief Executive Officer Sinclair Jack unloaded Company’s shares for reported $0.58 million on Sep 03 ’24. In the deal valued at $101.09 per share,5,714 shares were sold. As a result of this transaction, Sinclair Jack now holds 222,432 shares worth roughly $ 22.27 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, Sinclair Jack sold 5,714 shares, generating $557,589 in total proceeds. Upon selling the shares at $97.58, the Chief Executive Officer now owns 216,718 shares.
Before that, Jack Sinclair bought 11,428 shares. Sprouts Farmers Market Inc shares valued at $1,139,257 were divested by the Officer at a price of $99.69 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 Monday, Sprouts Farmers Market Inc [NASDAQ:SFM] saw its stock jump 1.29% to $100.10. Over the last five days, the stock has lost -3.80%. Sprouts Farmers Market Inc shares have risen nearly 108.06% since the year began. Nevertheless, the stocks have risen 157.92% over the past one year. While a 52-week high of $104.41 was reached on 08/30/24, a 52-week low of $38.46 was recorded on 01/02/24. SMA at 50 days reached $91.96, while 200 days put it at $68.70.
Levels Of Support And Resistance For SFM Stock
The 24-hour chart illustrates a support level at 98.73, which if violated will result in even more drops to 97.37. On the upside, there is a resistance level at 101.93. A further resistance level may holdings at 103.77. The Relative Strength Index (RSI) on the 14-day chart is 57.16, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.33, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 47.05%. Stochastics %K at 46.76% indicates the stock is a holding.
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.
