Simply Good Foods Co’s recently made public that its Director Ratzan Brian K. unloaded Company’s shares for reported $1.87 million on Nov 14 ’24. In the deal valued at $37.38 per share,50,000 shares were sold. As a result of this transaction, Ratzan Brian K. now holds 2,049,387 shares worth roughly $75.23 million.
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Then, Matthews Timothy Allen sold 5,325 shares, generating $198,690 in total proceeds. Upon selling the shares at $37.31, the VP, Controller and CAO now owns 17,063 shares.
Before that, Matthews Timothy Allen bought 5,325 shares. Simply Good Foods Co shares valued at $198,689 were divested by the Officer at a price of $37.31 per share.
TD Cowen initiated its Simply Good Foods Co [SMPL] rating to a Hold in a research note published on April 22, 2024; the price target was $34. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who decreased its forecast for the stock in early January from “a Buy” to “a Hold”. DA Davidson began covering SMPL with “Neutral” recommendation on December 08, 2023. Morgan Stanley revised its rating on September 18, 2023. It rated SMPL as “an Overweight” which previously was an “an Equal-weight”.
Price Performance Review of SMPL
On Friday, Simply Good Foods Co [NASDAQ:SMPL] saw its stock fall -1.63% to $36.71. Over the last five days, the stock has gained 1.32%. Simply Good Foods Co shares have fallen nearly -7.30% since the year began. Nevertheless, the stocks have fallen -5.22% over the past one year. While a 52-week high of $43.00 was reached on 01/04/24, a 52-week low of $30.00 was recorded on 04/04/24. SMA at 50 days reached $34.23, while 200 days put it at $34.73.
Levels Of Support And Resistance For SMPL Stock
The 24-hour chart illustrates a support level at 36.09, which if violated will result in even more drops to 35.48. On the upside, there is a resistance level at 37.48. A further resistance level may holdings at 38.26. The Relative Strength Index (RSI) on the 14-day chart is 64.78, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.36, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 24.10%. Stochastics %K at 83.13% indicates the stock is a selling.
How much short interest is there in Simply Good Foods Co?
A steep rise in short interest was recorded in Simply Good Foods Co stocks on 2024-10-31, dropping by -0.93 million shares to a total of 4.13 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 5.06 million shares. There was a decline of -22.63%, which implies that there is a negative sentiment for the stock.
