In a filing, Scotts Miracle-Gro Company revealed its EVP and COO Baxter Nathan Eric unloaded Company’s shares for reported $0.21 million on Aug 21 ’24. In the deal valued at $70.93 per share,2,988 shares were sold. As a result of this transaction, Baxter Nathan Eric now holds 37,920 shares worth roughly $2.95 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, Baxter Nathan Eric sold 928 shares, generating $65,490 in total proceeds. Upon selling the shares at $70.57, the EVP and COO now owns 36,993 shares.
Before that, Hagedorn Partnership, L.P. sold 85,130 shares. Scotts Miracle-Gro Company shares valued at $6,038,041 were divested by the 10% Owner at a price of $70.93 per share. As a result of the transaction, Hagedorn Partnership, L.P. now holds 13,608,238 shares, worth roughly $1.06 billion.
Truist downgraded its Scotts Miracle-Gro Company [SMG] rating to a Hold from a a Buy in a research note published on April 05, 2024; the price target was increased to $75 from $65. A number of analysts have revised their coverage, including Raymond James’s analysts, who decreased its forecast for the stock in late March from “a Strong buy” to “a Mkt perform”. Stifel also remained covering SMG and has decreased its forecast on July 13, 2023 with a “Hold” recommendation from previously “Buy” rating. Truist revised its rating on July 11, 2023. It rated SMG as “a Buy” which previously was an “a Hold”.
Price Performance Review of SMG
On Monday, Scotts Miracle-Gro Company [NYSE:SMG] saw its stock jump 5.47% to $77.92. Over the last five days, the stock has gained 10.49%. Scotts Miracle-Gro Company shares have risen nearly 22.23% since the year began. Nevertheless, the stocks have risen 52.57% over the past one year. While a 52-week high of $82.11 was reached on 07/31/24, a 52-week low of $43.67 was recorded on 02/06/24. SMA at 50 days reached $70.29, while 200 days put it at $66.15.
Levels Of Support And Resistance For SMG Stock
The 24-hour chart illustrates a support level at 74.82, which if violated will result in even more drops to 71.71. On the upside, there is a resistance level at 79.68. A further resistance level may holdings at 81.44. The Relative Strength Index (RSI) on the 14-day chart is 71.30, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.09, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.24%. Stochastics %K at 92.49% indicates the stock is a selling.
How much short interest is there in Scotts Miracle-Gro Company?
A steep rise in short interest was recorded in Scotts Miracle-Gro Company stocks on 2024-08-30, dropping by -0.55 million shares to a total of 5.78 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 6.33 million shares. There was a decline of -9.46%, which implies that there is a negative sentiment for the stock.
