J.M. Smucker Co’s recently made public that its Chair of Board, Pres & CEO SMUCKER MARK T unloaded Company’s shares for reported $1.1 million on Jun 21 ’24. In the deal valued at $110.16 per share,10,000 shares were sold. As a result of this transaction, SMUCKER MARK T now holds 78,757 shares worth roughly $8.82 million.
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Then, Knudsen Jeannette L sold 3,200 shares, generating $399,264 in total proceeds. Upon selling the shares at $124.77, the Chief Legal Officer now owns 8,946 shares.
Before that, Knudsen Jeannette L sold 6,500 shares. J.M. Smucker Co shares valued at $791,570 were divested by the Chief Legal Officer at a price of $121.78 per share. As a result of the transaction, Knudsen Jeannette L now holds 12,146 shares, worth roughly $1.36 million.
Stifel downgraded its J.M. Smucker Co [SJM] rating to a Hold from a a Buy in a research note published on October 25, 2024; the price target was decreased to $125 from $135. A number of analysts have revised their coverage, including DA Davidson’s analysts, who began to cover the stock in early March with a ‘”a Neutral”‘ rating. Stifel also remained covering SJM and has increased its forecast on February 28, 2024 with a “Buy” recommendation from previously “Hold” rating. Citigroup started covering the stock on February 01, 2024. It rated SJM as “a Buy”.
Price Performance Review of SJM
On Tuesday, J.M. Smucker Co [NYSE:SJM] saw its stock fall -1.47% to $111.98. Over the last five days, the stock has lost -3.79%. J.M. Smucker Co shares have fallen nearly -11.39% since the year began. Nevertheless, the stocks have risen 2.98% over the past one year. While a 52-week high of $134.62 was reached on 02/02/24, a 52-week low of $105.69 was recorded on 06/26/24. SMA at 50 days reached $117.91, while 200 days put it at $117.75.
Levels Of Support And Resistance For SJM Stock
The 24-hour chart illustrates a support level at 110.99, which if violated will result in even more drops to 110.01. On the upside, there is a resistance level at 113.77. A further resistance level may holdings at 115.57. The Relative Strength Index (RSI) on the 14-day chart is 34.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.93, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.43%. Stochastics %K at 20.03% indicates the stock is a holding.
How much short interest is there in J.M. Smucker Co?
A steep rise in short interest was recorded in J.M. Smucker Co stocks on 2024-10-31, dropping by 90212.0 shares to a total of 3.41 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 3.5 million shares. There was a decline of -2.64%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on December 12, 2023 when Wells Fargo began covering the stock and recommended ‘”an Overweight”‘ rating along with a $140 price target.
