Grocery Outlet Holding Corp’s filing revealed that its Director Lindberg Eric J. Jr. unloaded Company’s shares for reported $3.26 million on Sep 19 ’24. In the deal valued at $16.29 per share,200,095 shares were sold. As a result of this transaction, Lindberg Eric J. Jr. now holds 70,938 shares worth roughly $-1.12 million.
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Then, Lindberg Eric J. Jr. bought 200,095 shares, generating $3,258,586 in total proceeds.
Before that, Lindberg Eric J. Jr. sold 100,000 shares. Grocery Outlet Holding Corp shares valued at $1,862,000 were divested by the Director at a price of $18.62 per share. As a result of the transaction, Lindberg Eric J. Jr. now holds 70,938 shares, worth roughly $1.12 million.
Telsey Advisory Group reiterated its Grocery Outlet Holding Corp [GO] rating to an Outperform in a research note published on August 07, 2024; the price target was $27. A number of analysts have revised their coverage, including Craig Hallum’s analysts, who decreased its forecast for the stock in late July from “a Buy” to “a Hold”. Wells Fargo began covering GO with “an Overweight” recommendation on July 18, 2024. Telsey Advisory Group maintained its rating on May 08, 2024. It rated GO as “an Outperform”.
Price Performance Review of GO
On Monday, Grocery Outlet Holding Corp [NASDAQ:GO] saw its stock fall -1.43% to $15.83. Over the last five days, the stock has lost -2.16%. Grocery Outlet Holding Corp shares have fallen nearly -41.28% since the year began. Nevertheless, the stocks have fallen -41.02% over the past one year. While a 52-week high of $29.98 was reached on 02/28/24, a 52-week low of $15.18 was recorded on 10/10/24. SMA at 50 days reached $17.51, while 200 days put it at $22.65.
Levels Of Support And Resistance For GO Stock
The 24-hour chart illustrates a support level at 15.61, which if violated will result in even more drops to 15.40. On the upside, there is a resistance level at 16.08. A further resistance level may holdings at 16.34. The Relative Strength Index (RSI) on the 14-day chart is 39.30, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.68, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.87%. Stochastics %K at 24.56% indicates the stock is a holding.
How much short interest is there in Grocery Outlet Holding Corp?
A steep rise in short interest was recorded in Grocery Outlet Holding Corp stocks on 2024-09-30, dropping by -1.73 million shares to a total of 9.19 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 10.92 million shares. There was a decline of -18.83%, which implies that there is a negative sentiment for the stock.
