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An Analysis of SiteOne Landscape Supply Inc (SITE)’s Potential Price Growth

SiteOne Landscape Supply Inc’s recent filing unveils that its Director Diaz Fred M unloaded Company’s shares for reported $0.11 million on Aug 05 ’24. In the deal valued at $129.04 per share,878 shares were sold. As a result of this transaction, Diaz Fred M now holds 11,267 shares worth roughly $1.65 million.

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Then, Diaz Fred M bought 878 shares, generating $113,297 in total proceeds.

Before that, BLACK DOUG sold 10,000 shares. SiteOne Landscape Supply Inc shares valued at $1,600,100 were divested by the CEO at a price of $160.01 per share. As a result of the transaction, BLACK DOUG now holds 578,361 shares, worth roughly $84.49 million.

Goldman initiated its SiteOne Landscape Supply Inc [SITE] rating to a Neutral in a research note published on October 10, 2024; the price target was $158. A number of analysts have revised their coverage, including Stifel’s analysts, who decreased its forecast for the stock in early August from “a Buy” to “a Hold”. Stifel also remained covering SITE and has increased its forecast on May 02, 2024 with a “Buy” recommendation from previously “Hold” rating. Loop Capital revised its rating on January 08, 2024. It rated SITE as “a Hold” which previously was an “a Buy”.

Price Performance Review of SITE

On Tuesday, SiteOne Landscape Supply Inc [NYSE:SITE] saw its stock fall -0.18% to $146.09. Over the last five days, the stock has gained 1.45%. SiteOne Landscape Supply Inc shares have fallen nearly -10.10% since the year began. Nevertheless, the stocks have fallen -4.05% over the past one year. While a 52-week high of $188.01 was reached on 03/21/24, a 52-week low of $114.60 was recorded on 07/09/24. SMA at 50 days reached $141.36, while 200 days put it at $150.67.

Levels Of Support And Resistance For SITE Stock

The 24-hour chart illustrates a support level at 144.87, which if violated will result in even more drops to 143.65. On the upside, there is a resistance level at 147.60. A further resistance level may holdings at 149.11. The Relative Strength Index (RSI) on the 14-day chart is 51.97, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 53.41%. Stochastics %K at 52.08% indicates the stock is a holding.

How much short interest is there in SiteOne Landscape Supply Inc?

A steep rise in short interest was recorded in SiteOne Landscape Supply Inc stocks on 2024-09-30, dropping by -0.3 million shares to a total of 2.29 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 2.59 million shares. There was a decline of -13.08%, which implies that there is a negative sentiment for the stock.

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