Sleep Number Corp’s recent filing unveils that its 10% Owner STADIUM CAPITAL MANAGEMENT LLC acquired Company’s shares for reported $0.42 million on Nov 12 ’24. In the deal valued at $14.22 per share,29,860 shares were bought. As a result of this transaction, STADIUM CAPITAL MANAGEMENT LLC now holds 2,149,860 shares worth roughly $26.53 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, STADIUM CAPITAL MANAGEMENT LLC bought 25,325 shares, generating $377,459 in total proceeds. Upon buying the shares at $14.90, the 10% Owner now owns 2,120,000 shares.
Before that, STADIUM CAPITAL MANAGEMENT LLC bought 22,000 shares. Sleep Number Corp shares valued at $304,975 were divested by the 10% Owner at a price of $13.86 per share. As a result of the transaction, STADIUM CAPITAL MANAGEMENT LLC now holds 2,171,860 shares, worth roughly $26.8 million.
Piper Sandler downgraded its Sleep Number Corp [SNBR] rating to a Neutral from a an Overweight in a research note published on April 21, 2022; the price target was decreased to $49 from $62. A number of analysts have revised their coverage, including Wedbush’s analysts, who decreased its forecast for the stock in late March from “an Outperform” to “a Neutral”. Wedbush also remained covering SNBR and has increased its forecast on February 04, 2022 with a “an Outperform” recommendation from previously “Neutral” rating. UBS revised its rating on February 18, 2021. It rated SNBR as “a Neutral” which previously was an “a Sell”.
Price Performance Review of SNBR
On Friday, Sleep Number Corp [NASDAQ:SNBR] saw its stock fall -9.60% to $12.34. Over the last five days, the stock has lost -22.49%. Sleep Number Corp shares have fallen nearly -16.79% since the year began. Nevertheless, the stocks have risen 5.97% over the past one year. While a 52-week high of $20.75 was reached on 09/19/24, a 52-week low of $8.13 was recorded on 07/09/24. SMA at 50 days reached $15.55, while 200 days put it at $13.68.
Levels Of Support And Resistance For SNBR Stock
The 24-hour chart illustrates a support level at 11.79, which if violated will result in even more drops to 11.23. On the upside, there is a resistance level at 13.37. A further resistance level may holdings at 14.39. The Relative Strength Index (RSI) on the 14-day chart is 37.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.67, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.07%. Stochastics %K at 35.12% indicates the stock is a holding.
How much short interest is there in Sleep Number Corp?
A steep rise in short interest was recorded in Sleep Number Corp stocks on 2024-10-31, growing by 0.48 million shares to a total of 3.22 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 2.74 million shares. There was a rise of 14.95%, which implies that there is a positive sentiment for the stock.
