Sweetgreen Inc’s recent filing unveils that its Chief Brand Officer Ru Nathaniel unloaded Company’s shares for reported $50533.0 on Oct 28 ’24. In the deal valued at $40.01 per share,1,263 shares were sold. As a result of this transaction, Ru Nathaniel now holds 1,952,129 shares worth roughly $74.28 million.
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Then, Ru Nathaniel sold 1,009 shares, generating $40,370 in total proceeds. Upon selling the shares at $40.01, the Chief Brand Officer now owns 0 shares.
Before that, Neman Jonathan sold 1,263 shares. Sweetgreen Inc shares valued at $50,533 were divested by the CHIEF EXECUTIVE OFFICER at a price of $40.01 per share. As a result of the transaction, Neman Jonathan now holds 1,930,228 shares, worth roughly $73.45 million.
TD Cowen upgraded its Sweetgreen Inc [SG] rating to a Buy from a a Hold in a research note published on September 04, 2024; the price target was increased to $43 from $31. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who decreased its forecast for the stock in mid August from “an Overweight” to “a Neutral”. UBS began covering SG with “Buy” recommendation on July 17, 2024. Morgan Stanley revised its rating on July 16, 2024. It rated SG as “an Equal-weight” which previously was an “an Underweight”.
Price Performance Review of SG
On Monday, Sweetgreen Inc [NYSE:SG] saw its stock jump 0.08% to $38.05. Over the last five days, the stock has lost -2.01%. Sweetgreen Inc shares have risen nearly 236.73% since the year began. Nevertheless, the stocks have risen 243.72% over the past one year. While a 52-week high of $40.20 was reached on 10/28/24, a 52-week low of $8.64 was recorded on 01/17/24. SMA at 50 days reached $35.00, while 200 days put it at $26.71.
Levels Of Support And Resistance For SG Stock
The 24-hour chart illustrates a support level at 37.32, which if violated will result in even more drops to 36.60. On the upside, there is a resistance level at 38.75. A further resistance level may holdings at 39.46. The Relative Strength Index (RSI) on the 14-day chart is 55.73, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.21, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 39.18%. Stochastics %K at 48.80% indicates the stock is a holding.
How much short interest is there in Sweetgreen Inc?
A steep rise in short interest was recorded in Sweetgreen Inc stocks on 2024-10-15, dropping by 33738.0 shares to a total of 16.8 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 16.84 million shares. There was a decline of -0.2%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on June 13, 2024 when Goldman began covering the stock and recommended ‘”a Buy”‘ rating along with a $39 price target.
