Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Sweetgreen Inc shares valued at $1,627,586 were sold by SINGER BRADLEY E on Nov 20 ’24. At $38.09 per share, SINGER BRADLEY E sold 42,730 shares. The insider’s holdings dropped to 139,052 shares worth approximately $5.27 million following the completion of this transaction.
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Also, Blumenthal Neil Harris purchased 22,220 shares, netting a total of over 751,703 in proceeds.
Before that, Gemperle Adrienne had sold 5,372 shares from its account. In a trade valued at $182,917, the CHIEF PEOPLE OFFICER traded Sweetgreen Inc shares for $34.05 each. Upon closing the transaction, the insider’s holdings decreased to 5,372 shares, worth approximately $4.07 million.
As published in a research note from Goldman on November 08, 2024, Sweetgreen Inc [SG] has been rated down from a Buy to a Neutral and the price target has been revised to $40. Analysts at TD Cowen upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early September. As of August 19, 2024, Piper Sandler has decreased its “an Overweight” rating to a “Neutral” for SG. Earlier on July 17, 2024, UBS initiated its rating. Their recommendation was “a Buy” for SG stock.
Analyzing SG Stock Performance
During the last five days, there has been a surge of approximately 6.34%. Over the course of the year, Sweetgreen Inc shares have jumped approximately 235.40%. Shares of the company reached a 52-week high of $42.77 on 11/07/24 and a 52-week low of $9.66 on 01/17/24. A 50-day SMA is recorded $36.62, while a 200-day SMA reached $28.33. Nevertheless, trading volume fell to 2.3 million shares from 2.57 million shares the previous day.
Support And Resistance Levels for Sweetgreen Inc (SG)
According to the 24-hour chart, there is a support level at 37.03, which, if violated, would cause prices to drop to 36.16. In the upper region, resistance lies at 38.83. The next price resistance is at 39.76. RSI (Relative Strength Index) is 52.84 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.20, which suggests the price will decrease in the coming days. Percent R is at 48.70%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
