Sleep Number Corp’s recent filing unveils that its Director Macadam Stephen E. acquired Company’s shares for reported $0.53 million on Aug 06 ’24. In the deal valued at $12.35 per share,43,000 shares were bought. As a result of this transaction, Macadam Stephen E. now holds 102,729 shares worth roughly $1.31 million.
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Piper Sandler downgraded its Sleep Number Corp [SNBR] rating to a Neutral from a an Overweight in a research note published on April 21, 2022; the price target was decreased to $49 from $62. A number of analysts have revised their coverage, including Wedbush’s analysts, who decreased its forecast for the stock in late March from “an Outperform” to “a Neutral”. Wedbush also remained covering SNBR and has increased its forecast on February 04, 2022 with a “an Outperform” recommendation from previously “Neutral” rating. UBS revised its rating on February 18, 2021. It rated SNBR as “a Neutral” which previously was an “a Sell”.
Price Performance Review of SNBR
On Friday, Sleep Number Corp [NASDAQ:SNBR] saw its stock fall -7.23% to $12.71. Over the last five days, the stock has lost -5.85%. Sleep Number Corp shares have fallen nearly -14.30% since the year began. Nevertheless, the stocks have fallen -17.89% over the past one year. While a 52-week high of $20.75 was reached on 09/19/24, a 52-week low of $8.13 was recorded on 07/09/24. SMA at 50 days reached $15.63, while 200 days put it at $13.52.
Levels Of Support And Resistance For SNBR Stock
The 24-hour chart illustrates a support level at 12.07, which if violated will result in even more drops to 11.43. On the upside, there is a resistance level at 13.78. A further resistance level may holdings at 14.85. The Relative Strength Index (RSI) on the 14-day chart is 35.83, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.53%. Stochastics %K at 24.13% indicates the stock is a holding.
How much short interest is there in Sleep Number Corp?
A steep rise in short interest was recorded in Sleep Number Corp stocks on 2024-10-15, dropping by -0.41 million shares to a total of 3.03 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 3.44 million shares. There was a decline of -13.51%, which implies that there is a negative sentiment for the stock.
