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. Sweetgreen Inc shares valued at $838,108 were sold by Neman Jonathan on Nov 06 ’24. At $40.03 per share, Neman Jonathan sold 20,937 shares. The insider’s holdings dropped to 1,930,228 shares worth approximately $81.46 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Neman Jonathan sold 16,750 shares, netting a total of over 670,502 in proceeds. Following the sale of shares at $40.03 each, the insider now holds 0 shares.
Before that, Jammet Nicolas had sold 20,937 shares from its account. In a trade valued at $838,317, the Chief Concept Officer traded Sweetgreen Inc shares for $40.04 each. Upon closing the transaction, the insider’s holdings decreased to 20,937 shares, worth approximately $81.46 million.
As published in a research note from TD Cowen on September 04, 2024, Sweetgreen Inc [SG] has been rated up from a Hold to a Buy and the price target has been revised to $43 from $31. Analysts at Piper Sandler downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in mid August. As of July 17, 2024, UBS has initiated its “Buy” rating for SG. Earlier on July 16, 2024, Morgan Stanley upgraded its rating. Their new recommendation was “an Equal-weight” for SG stock which previously was a “an Underweight”.
Analyzing SG Stock Performance
During the last five days, there has been a surge of approximately 16.90%. Over the course of the year, Sweetgreen Inc shares have jumped approximately 273.45%. Shares of the company reached a 52-week high of $42.77 on 11/07/24 and a 52-week low of $9.66 on 01/17/24. A 50-day SMA is recorded $35.43, while a 200-day SMA reached $27.17. Nevertheless, trading volume fell to 6.18 million shares from 3.75 million shares the previous day.
Support And Resistance Levels for Sweetgreen Inc (SG)
According to the 24-hour chart, there is a support level at 41.36, which, if violated, would cause prices to drop to 40.53. In the upper region, resistance lies at 42.90. The next price resistance is at 43.61. RSI (Relative Strength Index) is 67.42 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.80, which suggests the price will increase in the coming days. Percent R is at 7.16%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
