In a filing, Sweetgreen Inc revealed its Chief Concept Officer Jammet Nicolas unloaded Company’s shares for reported $0.75 million on Sep 13 ’24. In the deal valued at $35.10 per share,21,275 shares were sold. As a result of this transaction, Jammet Nicolas now holds 1,930,233 shares worth roughly $71.17 million.
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Then, Jammet Nicolas sold 17,020 shares, generating $597,402 in total proceeds. Upon selling the shares at $35.10, the Chief Concept Officer now owns 0 shares.
Before that, Ru Nathaniel sold 21,275 shares. Sweetgreen Inc shares valued at $746,327 were divested by the Chief Brand Officer at a price of $35.08 per share. As a result of the transaction, Ru Nathaniel now holds 1,952,129 shares, worth roughly $71.97 million.
TD Cowen upgraded its Sweetgreen Inc [SG] rating to a Buy from a a Hold in a research note published on September 04, 2024; the price target was increased to $43 from $31. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who decreased its forecast for the stock in mid August from “an Overweight” to “a Neutral”. UBS began covering SG with “Buy” recommendation on July 17, 2024. Morgan Stanley revised its rating on July 16, 2024. It rated SG as “an Equal-weight” which previously was an “an Underweight”.
Price Performance Review of SG
On Monday, Sweetgreen Inc [NYSE:SG] saw its stock jump 4.54% to $36.87. Over the last five days, the stock has lost -6.18%. Sweetgreen Inc shares have risen nearly 226.28% since the year began. Nevertheless, the stocks have risen 237.64% over the past one year. While a 52-week high of $39.75 was reached on 10/11/24, a 52-week low of $8.64 was recorded on 01/17/24. SMA at 50 days reached $34.54, while 200 days put it at $25.37.
Levels Of Support And Resistance For SG Stock
The 24-hour chart illustrates a support level at 35.47, which if violated will result in even more drops to 34.06. On the upside, there is a resistance level at 37.62. A further resistance level may holdings at 38.36. The Relative Strength Index (RSI) on the 14-day chart is 54.22, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.58, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 38.76%. Stochastics %K at 48.18% indicates the stock is a holding.
How much short interest is there in Sweetgreen Inc?
A steep rise in short interest was recorded in Sweetgreen Inc stocks on 2024-09-30, growing by 3.26 million shares to a total of 17.84 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 14.57 million shares. There was a rise of 18.3%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on June 13, 2024 when Goldman began covering the stock and recommended ‘”a Buy”‘ rating along with a $39 price target.
