The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Sleep Number Corp shares valued at $531,196 were purchased by Macadam Stephen E. on Aug 06 ’24. At $12.35 per share, Macadam Stephen E. acquired 43,000 shares. The insider’s holdings grew to 102,729 shares worth approximately $1.36 million following the completion of this transaction.
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As published in a research note from Piper Sandler on April 21, 2022, Sleep Number Corp [SNBR] has been rated down from an Overweight to a Neutral and the price target has been revised to $49 from $62. Analysts at Wedbush downgraded the stock from ‘”an Outperform”‘ to ‘”a Neutral”‘ outlook in a report released in late March. As of February 04, 2022, Wedbush has increased its “Neutral” rating to a “an Outperform” for SNBR. Earlier on February 18, 2021, UBS upgraded its rating. Their new recommendation was “a Neutral” for SNBR stock which previously was a “a Sell”.
Analyzing SNBR Stock Performance
During the last five days, there has been a drop of approximately -6.57%. Over the course of the year, Sleep Number Corp shares have dropped approximately -10.79%. Shares of the company reached a 52-week high of $20.75 on 09/19/24 and a 52-week low of $8.13 on 07/09/24. A 50-day SMA is recorded $15.64, while a 200-day SMA reached $13.50. Nevertheless, trading volume fell to 0.75 million shares from 0.35 million shares the previous day.
Support And Resistance Levels for Sleep Number Corp (SNBR)
According to the 24-hour chart, there is a support level at 12.95, which, if violated, would cause prices to drop to 12.68. In the upper region, resistance lies at 13.55. The next price resistance is at 13.88. RSI (Relative Strength Index) is 37.02 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.14, which suggests the price will decrease in the coming days. Percent R is at 91.89%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
