SMART Global Holdings Inc’s recently made public that its EVP, COO, Pres, Mem Solutions Pacheco Jack A unloaded Company’s shares for reported $0.27 million on Sep 20 ’24. In the deal valued at $20.02 per share,13,334 shares were sold. As a result of this transaction, Pacheco Jack A now holds 211,896 shares worth roughly $4.44 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, Pacheco Jack A sold 13,333 shares, generating $281,822 in total proceeds. Upon selling the shares at $21.14, the EVP, COO, Pres, Mem Solutions now owns 211,896 shares.
Before that, Pacheco Jack A sold 13,333 shares. SMART Global Holdings Inc shares valued at $308,835 were divested by the EVP, COO, Pres, Mem Solutions at a price of $23.16 per share. As a result of the transaction, Pacheco Jack A now holds 211,896 shares, worth roughly $4.44 million.
A number of analysts have revised their coverage, including Needham’s analysts, who remained covering the stock and in late June has reiterated a ‘”a Buy”‘ rating for it. Rosenblatt also remained covering SGH and reiterated its “Buy” recommendation on December 27, 2021. Needham maintained its rating on July 07, 2021. It rated SGH as “a Buy”.
Price Performance Review of SGH
On Monday, SMART Global Holdings Inc [NASDAQ:SGH] saw its stock fall -1.64% to $20.95. Over the last five days, the stock has gained 8.27%. SMART Global Holdings Inc shares have risen nearly 10.67% since the year began. Nevertheless, the stocks have fallen -14.17% over the past one year. While a 52-week high of $29.81 was reached on 07/12/24, a 52-week low of $12.66 was recorded on 04/19/24. SMA at 50 days reached $20.42, while 200 days put it at $21.23.
Levels Of Support And Resistance For SGH Stock
The 24-hour chart illustrates a support level at 20.65, which if violated will result in even more drops to 20.36. On the upside, there is a resistance level at 21.32. A further resistance level may holdings at 21.70. The Relative Strength Index (RSI) on the 14-day chart is 58.01, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.35, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 15.82%. Stochastics %K at 91.27% indicates the stock is a selling.
How much short interest is there in SMART Global Holdings Inc?
A steep rise in short interest was recorded in SMART Global Holdings Inc stocks on 2024-09-13, dropping by -0.32 million shares to a total of 5.6 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 5.91 million shares. There was a decline of -5.64%, which implies that there is a negative sentiment for the stock.
