Grocery Outlet Holding Corp’s recent filing unveils that its Director Lindberg Eric J. Jr. unloaded Company’s shares for reported $3.26 million on Sep 19 ’24. In the deal valued at $16.29 per share,200,095 shares were sold. As a result of this transaction, Lindberg Eric J. Jr. now holds 70,938 shares worth roughly $1.02 million.
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Then, Lindberg Eric J. Jr. bought 200,095 shares, generating $3,258,586 in total proceeds.
Before that, Lindberg Eric J. Jr. sold 100,000 shares. Grocery Outlet Holding Corp shares valued at $1,862,000 were divested by the Director at a price of $18.62 per share. As a result of the transaction, Lindberg Eric J. Jr. now holds 70,938 shares, worth roughly $1.02 million.
Telsey Advisory Group downgraded its Grocery Outlet Holding Corp [GO] rating to a Market perform from a an Outperform in a research note published on October 30, 2024; the price target was decreased to $19 from $27. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in late October from “a Buy” to “a Neutral”. Loop Capital began covering GO with “Hold” recommendation on October 17, 2024. Telsey Advisory Group maintained its rating on August 07, 2024. It rated GO as “an Outperform”.
Price Performance Review of GO
On Monday, Grocery Outlet Holding Corp [NASDAQ:GO] saw its stock fall -4.25% to $14.41. Over the last five days, the stock has lost -14.43%. Grocery Outlet Holding Corp shares have fallen nearly -46.55% since the year began. Nevertheless, the stocks have fallen -49.31% over the past one year. While a 52-week high of $29.98 was reached on 02/28/24, a 52-week low of $13.60 was recorded on 10/30/24. SMA at 50 days reached $16.72, while 200 days put it at $21.85.
Levels Of Support And Resistance For GO Stock
The 24-hour chart illustrates a support level at 14.09, which if violated will result in even more drops to 13.78. On the upside, there is a resistance level at 15.01. A further resistance level may holdings at 15.62. The Relative Strength Index (RSI) on the 14-day chart is 36.37, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.59, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.42%. Stochastics %K at 25.07% indicates the stock is a holding.
How much short interest is there in Grocery Outlet Holding Corp?
A steep rise in short interest was recorded in Grocery Outlet Holding Corp stocks on 2024-10-15, growing by 0.19 million shares to a total of 10.21 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 10.02 million shares. There was a rise of 1.85%, which implies that there is a positive sentiment for the stock.
