Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Simply Good Foods Co shares valued at $2,886,229 were sold by KRAFT TIMOTHY RICHARD on Nov 18 ’24. At $37.60 per share, KRAFT TIMOTHY RICHARD sold 76,761 shares. The insider’s holdings dropped to 40,068 shares worth approximately $1.57 million following the completion of this transaction.
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Also, KRAFT TIMOTHY RICHARD purchased 76,761 shares, netting a total of over 2,840,157 in proceeds.
Before that, Ratzan Brian K. had sold 50,000 shares from its account. In a trade valued at $1,869,005, the Director traded Simply Good Foods Co shares for $37.38 each. Upon closing the transaction, the insider’s holdings decreased to 50,000 shares, worth approximately $80.21 million.
As published in their initiating research note from TD Cowen on April 22, 2024, Simply Good Foods Co [SMPL] has been a Hold and the price target has been revised to $34. Analysts at Deutsche Bank downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early January. As of December 08, 2023, DA Davidson has initiated its “Neutral” rating for SMPL. Earlier on September 18, 2023, Morgan Stanley upgraded its rating. Their new recommendation was “an Overweight” for SMPL stock which previously was a “an Equal-weight”.
Analyzing SMPL Stock Performance
During the last five days, there has been a surge of approximately 7.32%. Over the course of the year, Simply Good Foods Co shares have dropped approximately -1.16%. Shares of the company reached a 52-week high of $43.00 on 01/04/24 and a 52-week low of $30.00 on 04/04/24. A 50-day SMA is recorded $34.52, while a 200-day SMA reached $34.75. Nevertheless, trading volume fell to 2.18 million shares from 1.62 million shares the previous day.
Support And Resistance Levels for Simply Good Foods Co (SMPL)
According to the 24-hour chart, there is a support level at 38.03, which, if violated, would cause prices to drop to 36.93. In the upper region, resistance lies at 39.89. The next price resistance is at 40.65. RSI (Relative Strength Index) is 75.78 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.86, which suggests the price will increase in the coming days. Percent R is at 6.93%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
