The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. SMART Global Holdings Inc shares valued at $281,822 were sold by Pacheco Jack A on Aug 20 ’24. At $21.14 per share, Pacheco Jack A sold 13,333 shares. The insider’s holdings dropped to 211,896 shares worth approximately $4.2 million following the completion of this transaction.
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Also, Pacheco Jack A sold 13,333 shares, netting a total of over 308,835 in proceeds. Following the sale of shares at $23.16 each, the insider now holds 211,896 shares.
Before that, JACK A PACHECO had added 46,667 shares to its account. In a trade valued at $1,062,141, the Officer bought SMART Global Holdings Inc shares for $22.76 each.
Analysts at Needham resumed the stock at ‘”a Buy”‘ outlook in a report released in late June. As of December 27, 2021, Rosenblatt has reiterated its “Buy” rating for SGH. Earlier on July 07, 2021, Needham resumed its rating. Their recommendation was “a Buy” for SGH stock.
Analyzing SGH Stock Performance
During the last five days, there has been a surge of approximately 5.10%. Over the course of the year, SMART Global Holdings Inc shares have jumped approximately 4.60%. Shares of the company reached a 52-week high of $29.81 on 07/12/24 and a 52-week low of $16.80 on 04/19/24. A 50-day SMA is recorded $21.34, while a 200-day SMA reached $21.13. Nevertheless, trading volume fell to 0.95 million shares from 0.64 million shares the previous day.
Support And Resistance Levels for SMART Global Holdings Inc (SGH)
According to the 24-hour chart, there is a support level at 19.53, which, if violated, would cause prices to drop to 19.26. In the upper region, resistance lies at 20.15. The next price resistance is at 20.50. RSI (Relative Strength Index) is 50.07 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.38, which suggests the price will decrease in the coming days. Percent R is at 36.25%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
