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Monitoring Sony Group Corporation ADR (SONY) after recent insider movements

Sony Group Corporation ADR’s filing revealed that its Officer AJV TRUST acquired Company’s shares for reported $4.1 million on Aug 21 ’24. In the deal valued at $91.83 per share,44,675 shares were bought.

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Daiwa Securities downgraded its Sony Group Corporation ADR [SONY] rating to an Outperform from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Macquarie’s analysts, who decreased its forecast for the stock in mid February from “an Outperform” to “a Neutral”. Wolfe Research began covering SONY with “an Outperform” recommendation on December 12, 2023. The Benchmark Company started covering the stock on October 16, 2023. It rated SONY as “a Buy”.

Price Performance Review of SONY

On Tuesday, Sony Group Corporation ADR [NYSE:SONY] saw its stock jump 0.56% to $17.85. Over the last five days, the stock has lost -0.22%. Sony Group Corporation ADR shares have fallen nearly -5.75% since the year began. Nevertheless, the stocks have risen 11.51% over the past one year. While a 52-week high of $20.18 was reached on 01/12/24, a 52-week low of $15.02 was recorded on 05/10/24. SMA at 50 days reached $18.67, while 200 days put it at $17.75.

Levels Of Support And Resistance For SONY Stock

The 24-hour chart illustrates a support level at 17.74, which if violated will result in even more drops to 17.63. On the upside, there is a resistance level at 17.92. A further resistance level may holdings at 17.99. The Relative Strength Index (RSI) on the 14-day chart is 39.19, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.51, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.22%. Stochastics %K at 18.02% indicates the stock is a buying.

How much short interest is there in Sony Group Corporation ADR?

A steep rise in short interest was recorded in Sony Group Corporation ADR stocks on 2024-10-15, growing by 0.68 million shares to a total of 10.91 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 10.23 million shares. There was a rise of 6.26%, which implies that there is a positive sentiment for the stock.

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