Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Sunopta, Inc shares valued at $366,685 were sold by Duchscher Robert on Nov 08 ’24. At $7.33 per share, Duchscher Robert sold 50,000 shares. The insider’s holdings dropped to 42,971 shares worth approximately $0.32 million following the completion of this transaction.
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Also, ROBERT K DUCHSCHER purchased 50,000 shares, netting a total of over 366,685 in proceeds.
Before that, Clark Bryan P had sold 42,205 shares from its account. In a trade valued at $255,083, the SVP R&D and QA traded Sunopta, Inc shares for $6.04 each. Upon closing the transaction, the insider’s holdings decreased to 42,205 shares, worth approximately $0.24 million.
As published in their initiating research note from DA Davidson on December 08, 2023, Sunopta, Inc [STKL] has been a Buy and the price target has been revised to $8. Analysts at Mizuho started covering the stock with ‘”a Buy”‘ outlook in a report released in early October. As of June 23, 2023, Stephens has initiated its “an Overweight” rating for STKL. Earlier on September 10, 2021, Cowen initiated its rating. Their recommendation was “an Outperform” for STKL stock.
Analyzing STKL Stock Performance
During the last five days, there has been a surge of approximately 3.72%. Over the course of the year, Sunopta, Inc shares have jumped approximately 37.66%. Shares of the company reached a 52-week high of $7.75 on 11/12/24 and a 52-week low of $4.88 on 08/05/24. A 50-day SMA is recorded $6.45, while a 200-day SMA reached $6.07. Nevertheless, trading volume fell to 0.81 million shares from 42799.0 shares the previous day.
Support And Resistance Levels for Sunopta, Inc (STKL)
According to the 24-hour chart, there is a support level at 7.43, which, if violated, would cause prices to drop to 7.32. In the upper region, resistance lies at 7.66. The next price resistance is at 7.79. RSI (Relative Strength Index) is 69.08 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.76, which suggests the price will decrease in the coming days. Percent R is at 10.65%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
