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 $1,285,796 were purchased by STADIUM CAPITAL MANAGEMENT LLC on Nov 01 ’24. At $13.03 per share, STADIUM CAPITAL MANAGEMENT LLC acquired 98,705 shares. The insider’s holdings grew to 2,018,705 shares worth approximately $30.18 million following the completion of this transaction.
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Also, STADIUM CAPITAL MANAGEMENT LLC purchased 59,011 shares, netting a total of over 816,017 in proceeds. Following the buying of shares at $13.83 each, the insider now holds 1,920,000 shares.
Before that, STADIUM CAPITAL MANAGEMENT LLC had added 36,097 shares to its account. In a trade valued at $472,640, the 10% Owner bought Sleep Number Corp shares for $13.09 each. Upon closing the transaction, the insider’s holdings increased to 36,097 shares, worth approximately $30.72 million.
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 surge of approximately 13.00%. Over the course of the year, Sleep Number Corp shares have jumped approximately 0.81%. 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 $15.59, while a 200-day SMA reached $13.56. Nevertheless, trading volume fell to 0.51 million shares from 0.71 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 13.99, which, if violated, would cause prices to drop to 13.02. In the upper region, resistance lies at 15.73. The next price resistance is at 16.50. RSI (Relative Strength Index) is 52.17 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.20, which suggests the price will decrease in the coming days. Percent R is at 28.04%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
