Sweetgreen Inc’s recent filing unveils that its Director SINGER BRADLEY E unloaded Company’s shares for reported $0.29 million on Nov 13 ’24. In the deal valued at $39.70 per share,7,270 shares were sold. As a result of this transaction, SINGER BRADLEY E now holds 181,782 shares worth roughly $6.09 million.
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Then, Moon Youngme E sold 37,500 shares, generating $1,418,741 in total proceeds. Upon selling the shares at $37.83, the Director now owns 35,137 shares.
Before that, YOUNGME MOON bought 37,500 shares. Sweetgreen Inc shares valued at $1,418,854 were divested by the Director at a price of $37.84 per share.
Goldman downgraded its Sweetgreen Inc [SG] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including TD Cowen’s analysts, who increased its forecast for the stock in early September from “a Hold” to “a Buy”. Piper Sandler also remained covering SG and has decreased its forecast on August 19, 2024 with a “Neutral” recommendation from previously “an Overweight” rating. UBS started covering the stock on July 17, 2024. It rated SG as “a Buy”.
Price Performance Review of SG
On Friday, Sweetgreen Inc [NYSE:SG] saw its stock fall -0.45% to $33.51. Over the last five days, the stock has lost -15.57%. Sweetgreen Inc shares have risen nearly 196.55% since the year began. Nevertheless, the stocks have risen 229.17% over the past one year. While a 52-week high of $42.77 was reached on 11/07/24, a 52-week low of $9.21 was recorded on 01/17/24. SMA at 50 days reached $36.25, while 200 days put it at $27.95.
Levels Of Support And Resistance For SG Stock
The 24-hour chart illustrates a support level at 32.88, which if violated will result in even more drops to 32.24. On the upside, there is a resistance level at 34.04. A further resistance level may holdings at 34.56. The Relative Strength Index (RSI) on the 14-day chart is 38.24, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.65, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.60%. Stochastics %K at 5.33% indicates the stock is a buying.
How much short interest is there in Sweetgreen Inc?
A steep rise in short interest was recorded in Sweetgreen Inc stocks on 2024-10-31, dropping by -2.33 million shares to a total of 15.51 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 17.84 million shares. There was a decline of -15.05%, which implies that there is a negative sentiment for the stock.
