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GrowGeneration Corp (GRWG) receives a Perform rating from Oppenheimer

GrowGeneration Corp’s recent filing unveils that its President Salaman Michael acquired Company’s shares for reported $0.1 million on Nov 19 ’24. In the deal valued at $1.74 per share,58,476 shares were bought. As a result of this transaction, Salaman Michael now holds 1,503,848 shares worth roughly $2.8 million.

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Then, Lampert Darren bought 57,467 shares, generating $100,567 in total proceeds. Upon buying the shares at $1.75, the CEO now owns 1,595,883 shares.

Before that, ADAMS EULA L bought 25,000 shares. GrowGeneration Corp shares valued at $50,500 were divested by the Director at a price of $2.02 per share. As a result of the transaction, ADAMS EULA L now holds 25,000 shares, worth roughly $46500.0.

Oppenheimer downgraded its GrowGeneration Corp [GRWG] rating to a Perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Craig Hallum’s analysts, who increased its forecast for the stock in early May from “a Hold” to “a Buy”. Alliance Global Partners also remained covering GRWG and has decreased its forecast on August 05, 2022 with a “Neutral” recommendation from previously “Buy” rating. ROTH Capital revised its rating on March 03, 2022. It rated GRWG as “a Neutral” which previously was an “a Buy”.

Price Performance Review of GRWG

On Friday, GrowGeneration Corp [NASDAQ:GRWG] saw its stock jump 0.54% to $1.86. Over the last five days, the stock has gained 10.71%. GrowGeneration Corp shares have fallen nearly -25.90% since the year began. Nevertheless, the stocks have fallen -30.60% over the past one year. While a 52-week high of $3.38 was reached on 04/04/24, a 52-week low of $1.55 was recorded on 11/15/24. SMA at 50 days reached $2.0083, while 200 days put it at $2.2462.

Levels Of Support And Resistance For GRWG Stock

The 24-hour chart illustrates a support level at 1.8017, which if violated will result in even more drops to 1.7433. On the upside, there is a resistance level at 1.8967. A further resistance level may holdings at 1.9333. The Relative Strength Index (RSI) on the 14-day chart is 46.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0121, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 55.22%. Stochastics %K at 40.06% indicates the stock is a holding.

How much short interest is there in GrowGeneration Corp?

A steep rise in short interest was recorded in GrowGeneration Corp stocks on 2024-10-31, dropping by -0.55 million shares to a total of 3.63 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 4.18 million shares. There was a decline of -15.2%, which implies that there is a negative sentiment for the stock.

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