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Sony Group Corporation ADR [SONY] Records 50-Day SMA of $18.55

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Sony Group Corporation ADR shares valued at $4,102,353 were purchased by AJV TRUST on Aug 21 ’24. At $91.83 per share, AJV TRUST acquired 44,675 shares.

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As published in a research note from Daiwa Securities on September 18, 2024, Sony Group Corporation ADR [SONY] has been rated down from a Buy to an Outperform. Analysts at Macquarie downgraded the stock from ‘”an Outperform”‘ to ‘”a Neutral”‘ outlook in a report released in mid February. As of December 12, 2023, Wolfe Research has initiated its “an Outperform” rating for SONY. Earlier on October 16, 2023, The Benchmark Company initiated its rating. Their recommendation was “a Buy” for SONY stock.

Analyzing SONY Stock Performance

During the last five days, there has been a surge of approximately 1.20%. Over the course of the year, Sony Group Corporation ADR shares have dropped approximately -2.37%. Shares of the company reached a 52-week high of $20.67 on 11/08/24 and a 52-week low of $15.02 on 05/10/24. A 50-day SMA is recorded $18.55, while a 200-day SMA reached $17.67. Nevertheless, trading volume fell to 2.08 million shares from 2.97 million shares the previous day.

Support And Resistance Levels for Sony Group Corporation ADR (SONY)

According to the 24-hour chart, there is a support level at 18.41, which, if violated, would cause prices to drop to 18.33. In the upper region, resistance lies at 18.62. The next price resistance is at 18.75. RSI (Relative Strength Index) is 51.06 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.29, which suggests the price will decrease in the coming days. Percent R is at 70.05%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

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