Sprouts Farmers Market Inc’s filing revealed that its Officer Jack Sinclair acquired Company’s shares for reported $1.29 million on Oct 07 ’24. In the deal valued at $113.07 per share,11,428 shares were bought.
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Then, Hamilton Dustin sold 1,997 shares, generating $198,102 in total proceeds. Upon selling the shares at $99.20, the Chief Stores Officer now owns 26,172 shares.
Before that, Sinclair Jack sold 5,714 shares. Sprouts Farmers Market Inc shares valued at $577,628 were divested by the Chief Executive Officer at a price of $101.09 per share. As a result of the transaction, Sinclair Jack now holds 222,432 shares, worth roughly $25.15 million.
Evercore ISI upgraded its Sprouts Farmers Market Inc [SFM] rating to an Outperform from a an In-line in a research note published on September 16, 2024; the price target was increased to $120 from $96. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who began to cover the stock in mid September with a ‘”a Sector perform”‘ rating. Wells Fargo also remained covering SFM and has increased its forecast on July 30, 2024 with a “an Equal weight” recommendation from previously “an Underweight” rating. BMO Capital Markets revised its rating on July 30, 2024. It rated SFM as “a Market perform” which previously was an “an Underperform”.
Price Performance Review of SFM
On Monday, Sprouts Farmers Market Inc [NASDAQ:SFM] saw its stock jump 0.15% to $113.07. Over the last five days, the stock has gained 2.41%. Sprouts Farmers Market Inc shares have risen nearly 135.02% since the year began. Nevertheless, the stocks have risen 167.05% over the past one year. While a 52-week high of $114.03 was reached on 10/04/24, a 52-week low of $39.76 was recorded on 01/02/24. SMA at 50 days reached $101.71, while 200 days put it at $74.95.
Levels Of Support And Resistance For SFM Stock
The 24-hour chart illustrates a support level at 112.02, which if violated will result in even more drops to 110.96. On the upside, there is a resistance level at 113.62. A further resistance level may holdings at 114.16. The Relative Strength Index (RSI) on the 14-day chart is 71.77, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.11, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 7.81%. Stochastics %K at 91.31% indicates the stock is a selling.
How much short interest is there in Sprouts Farmers Market Inc?
A steep rise in short interest was recorded in Sprouts Farmers Market Inc stocks on 2024-09-13, growing by 0.75 million shares to a total of 9.41 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 8.66 million shares. There was a rise of 8.02%, which implies that there is a positive sentiment for the stock.
