Grocery Outlet Holding Corp’s recent filing unveils that its Former Officer and Director Sheedy Robert Joseph Jr. acquired Company’s shares for reported $0.22 million on Nov 13 ’24. In the deal valued at $19.26 per share,11,537 shares were bought.
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Then, Lindberg Eric J. Jr. sold 200,095 shares, generating $3,259,548 in total proceeds. Upon selling the shares at $16.29, the Director now owns 70,938 shares.
Before that, Lindberg Eric J. Jr. bought 200,095 shares. Grocery Outlet Holding Corp shares valued at $3,258,586 were divested by the Director at a price of $16.29 per share.
TD Cowen downgraded its Grocery Outlet Holding Corp [GO] rating to a Hold from a a Buy in a research note published on November 06, 2024; the price target was decreased to $16 from $25. A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who decreased its forecast for the stock in late October from “an Outperform” to “a Market perform”. BofA Securities also remained covering GO and has decreased its forecast on October 30, 2024 with a “Neutral” recommendation from previously “Buy” rating. Loop Capital started covering the stock on October 17, 2024. It rated GO as “a Hold”.
Price Performance Review of GO
On Friday, Grocery Outlet Holding Corp [NASDAQ:GO] saw its stock fall -1.60% to $17.82. Over the last five days, the stock has gained 0.11%. Grocery Outlet Holding Corp shares have fallen nearly -33.90% since the year began. Nevertheless, the stocks have fallen -39.98% over the past one year. While a 52-week high of $29.98 was reached on 02/28/24, a 52-week low of $13.60 was recorded on 10/30/24. SMA at 50 days reached $16.62, while 200 days put it at $21.51.
Levels Of Support And Resistance For GO Stock
The 24-hour chart illustrates a support level at 17.57, which if violated will result in even more drops to 17.31. On the upside, there is a resistance level at 18.23. A further resistance level may holdings at 18.63. The Relative Strength Index (RSI) on the 14-day chart is 55.77, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.72, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 28.47%. Stochastics %K at 80.45% indicates the stock is a selling.
How much short interest is there in Grocery Outlet Holding Corp?
A steep rise in short interest was recorded in Grocery Outlet Holding Corp stocks on 2024-10-31, growing by 2.47 million shares to a total of 11.66 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 9.19 million shares. There was a rise of 21.15%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on August 07, 2024 when Telsey Advisory Group resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $27.
