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Recent Insider Activity Could Benefit Savers Value Village Inc (SVV)

Savers Value Village Inc’s recent filing unveils that its Chief Executive Officer Walsh Mark T. unloaded Company’s shares for reported $0.32 million on Apr 08 ’24. In the deal valued at $18.61 per share,17,000 shares were sold. As a result of this transaction, Walsh Mark T. now holds 0 shares worth roughly $0.0.

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Then, Medway Richard A. sold 2,850 shares, generating $54,520 in total proceeds. Upon selling the shares at $19.13, the General Counsel now owns 0 shares.

Before that, Geisser Melinda L. sold 2,000 shares. Savers Value Village Inc shares valued at $38,260 were divested by the Chief People Services Officer at a price of $19.13 per share. As a result of the transaction, Geisser Melinda L. now holds 0 shares, worth roughly $0.0.

Goldman downgraded its Savers Value Village Inc [SVV] rating to a Neutral from a a Buy in a research note published on August 09, 2024; the price target was decreased to $10 from $14. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in late July from “an Overweight” to “a Neutral”. Loop Capital began covering SVV with “Buy” recommendation on August 15, 2023. CIBC started covering the stock on July 25, 2023. It rated SVV as “a Sector outperform”.

Price Performance Review of SVV

On Tuesday, Savers Value Village Inc [NYSE:SVV] saw its stock fall -0.29% to $10.41. Over the last five days, the stock has gained 18.70%. Savers Value Village Inc shares have fallen nearly -40.10% since the year began. Nevertheless, the stocks have fallen -47.26% over the past one year. While a 52-week high of $21.33 was reached on 03/07/24, a 52-week low of $7.78 was recorded on 08/09/24. SMA at 50 days reached $9.92, while 200 days put it at $14.88.

Levels Of Support And Resistance For SVV Stock

The 24-hour chart illustrates a support level at 10.21, which if violated will result in even more drops to 10.02. On the upside, there is a resistance level at 10.69. A further resistance level may holdings at 10.98. The Relative Strength Index (RSI) on the 14-day chart is 62.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.02, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 16.89%. Stochastics %K at 90.33% indicates the stock is a selling.

How much short interest is there in Savers Value Village Inc?

A steep rise in short interest was recorded in Savers Value Village Inc stocks on 2024-08-30, dropping by -1.06 million shares to a total of 7.02 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 8.08 million shares. There was a decline of -15.1%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on July 24, 2023 when UBS began covering the stock and recommended ‘”a Buy”‘ rating along with a $29 price target.

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