Symbotic Inc’s recent filing unveils that its Director KRASNOW TODD unloaded Company’s shares for reported $37503.0 on Sep 03 ’24. In the deal valued at $18.75 per share,2,000 shares were sold. As a result of this transaction, KRASNOW TODD now holds 0 shares worth roughly $0.0.
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Then, Todd Krasnow bought 6,000 shares, generating $107,820 in total proceeds.
Before that, MIRIAM ORT bought 9,976 shares. Symbotic Inc shares valued at $214,738 were divested by the Officer at a price of $21.53 per share.
Vertical Research initiated its Symbotic Inc [SYM] rating to a Hold in a research note published on July 23, 2024; the price target was $45. A number of analysts have revised their coverage, including DA Davidson’s analysts, who increased its forecast for the stock in early February from “a Neutral” to “a Buy”. Needham also remained covering SYM and reiterated its “Buy” recommendation on February 06, 2024. KeyBanc Capital Markets started covering the stock on October 03, 2023. It rated SYM as “an Overweight”.
Price Performance Review of SYM
On Tuesday, Symbotic Inc [NASDAQ:SYM] saw its stock jump 11.38% to $24.96. Over the last five days, the stock has gained 39.75%. Symbotic Inc shares have fallen nearly -51.37% since the year began. Nevertheless, the stocks have fallen -21.63% over the past one year. While a 52-week high of $59.82 was reached on 02/05/24, a 52-week low of $17.11 was recorded on 09/04/24. SMA at 50 days reached $26.74, while 200 days put it at $39.23.
Levels Of Support And Resistance For SYM Stock
The 24-hour chart illustrates a support level at 23.42, which if violated will result in even more drops to 21.89. On the upside, there is a resistance level at 25.76. A further resistance level may holdings at 26.57. The Relative Strength Index (RSI) on the 14-day chart is 60.08, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.17, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.88%. Stochastics %K at 83.40% indicates the stock is a selling.
How much short interest is there in Symbotic Inc?
A steep rise in short interest was recorded in Symbotic Inc stocks on 2024-08-30, growing by 3.5 million shares to a total of 16.0 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 12.5 million shares. There was a rise of 21.9%, which implies that there is a positive sentiment for the stock.
