In a filing, Symbotic Inc revealed its Officer GEORGE DRAMALIS acquired Company’s shares for reported $1.71 million on Oct 04 ’24. In the deal valued at $23.31 per share,73,280 shares were bought.
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Then, KRASNOW TODD sold 2,000 shares, generating $47,926 in total proceeds. Upon selling the shares at $23.96, the Director now owns 2,000 shares.
Before that, Dunn Michael David sold 5,266 shares. Symbotic Inc shares valued at $125,390 were divested by the insider at a price of $23.81 per share. As a result of the transaction, Dunn Michael David now holds 85,224 shares, worth roughly $2.46 million.
Vertical Research initiated its Symbotic Inc [SYM] rating to a Hold in a research note published on July 23, 2024; the price target was $45. A number of analysts have revised their coverage, including DA Davidson’s analysts, who increased its forecast for the stock in early February from “a Neutral” to “a Buy”. Needham also remained covering SYM and reiterated its “Buy” recommendation on February 06, 2024. KeyBanc Capital Markets started covering the stock on October 03, 2023. It rated SYM as “an Overweight”.
Price Performance Review of SYM
On Tuesday, Symbotic Inc [NASDAQ:SYM] saw its stock jump 0.59% to $28.83. Over the last five days, the stock has gained 23.31%. Symbotic Inc shares have fallen nearly -43.83% since the year began. Nevertheless, the stocks have fallen -26.53% over the past one year. While a 52-week high of $59.82 was reached on 02/05/24, a 52-week low of $17.11 was recorded on 09/04/24. SMA at 50 days reached $22.73, while 200 days put it at $36.45.
Levels Of Support And Resistance For SYM Stock
The 24-hour chart illustrates a support level at 27.97, which if violated will result in even more drops to 27.11. On the upside, there is a resistance level at 29.47. A further resistance level may holdings at 30.11. The Relative Strength Index (RSI) on the 14-day chart is 65.14, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.77, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 33.18%. Stochastics %K at 70.59% indicates the stock is a holding.
How much short interest is there in Symbotic Inc?
A steep rise in short interest was recorded in Symbotic Inc stocks on 2024-09-30, dropping by -0.71 million shares to a total of 15.29 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 16.0 million shares. There was a decline of -4.63%, which implies that there is a negative sentiment for the stock.
