Simply Good Foods Co’s filing revealed that its SVP & General Manager, Quest Heflin Stuart E. Jr. unloaded Company’s shares for reported $36438.0 on Jul 31 ’24. In the deal valued at $34.44 per share,1,058 shares were sold. As a result of this transaction, Heflin Stuart E. Jr. now holds 19,319 shares worth roughly $0.63 million.
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Then, Heflin Stuart E. Jr. bought 1,058 shares, generating $36,438 in total proceeds.
Before that, WHITE JAMES D sold 4,000 shares. Simply Good Foods Co shares valued at $152,671 were divested by the Director at a price of $38.17 per share. As a result of the transaction, WHITE JAMES D now holds 17,027 shares, worth roughly $0.55 million.
TD Cowen initiated its Simply Good Foods Co [SMPL] rating to a Hold in a research note published on April 22, 2024; the price target was $34. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who decreased its forecast for the stock in early January from “a Buy” to “a Hold”. DA Davidson began covering SMPL with “Neutral” recommendation on December 08, 2023. Morgan Stanley revised its rating on September 18, 2023. It rated SMPL as “an Overweight” which previously was an “an Equal-weight”.
Price Performance Review of SMPL
On Tuesday, Simply Good Foods Co [NASDAQ:SMPL] saw its stock fall -0.28% to $32.51. Over the last five days, the stock has lost -5.00%. Simply Good Foods Co shares have fallen nearly -17.90% since the year began. Nevertheless, the stocks have fallen -0.79% over the past one year. While a 52-week high of $43.00 was reached on 01/04/24, a 52-week low of $30.00 was recorded on 04/04/24. SMA at 50 days reached $33.31, while 200 days put it at $35.22.
Levels Of Support And Resistance For SMPL Stock
The 24-hour chart illustrates a support level at 32.35, which if violated will result in even more drops to 32.20. On the upside, there is a resistance level at 32.73. A further resistance level may holdings at 32.95. The Relative Strength Index (RSI) on the 14-day chart is 37.87, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.82, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.79%. Stochastics %K at 6.22% indicates the stock is a buying.
How much short interest is there in Simply Good Foods Co?
A steep rise in short interest was recorded in Simply Good Foods Co stocks on 2024-09-30, growing by 1.39 million shares to a total of 5.06 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 3.67 million shares. There was a rise of 27.55%, which implies that there is a positive sentiment for the stock.
