J.M. Smucker Co’s filing revealed that its Chair of Board, Pres & CEO SMUCKER MARK T unloaded Company’s shares for reported $1.1 million on Jun 21 ’24. In the deal valued at $110.16 per share,10,000 shares were sold. As a result of this transaction, SMUCKER MARK T now holds 78,757 shares worth roughly $9.46 million.
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Then, Knudsen Jeannette L sold 3,200 shares, generating $399,264 in total proceeds. Upon selling the shares at $124.77, the Chief Legal Officer now owns 8,946 shares.
Before that, Knudsen Jeannette L sold 6,500 shares. J.M. Smucker Co shares valued at $791,570 were divested by the Chief Legal Officer at a price of $121.78 per share. As a result of the transaction, Knudsen Jeannette L now holds 12,146 shares, worth roughly $1.46 million.
Stifel downgraded its J.M. Smucker Co [SJM] rating to a Hold from a a Buy in a research note published on October 25, 2024; the price target was decreased to $125 from $135. A number of analysts have revised their coverage, including DA Davidson’s analysts, who began to cover the stock in early March with a ‘”a Neutral”‘ rating. Stifel also remained covering SJM and has increased its forecast on February 28, 2024 with a “Buy” recommendation from previously “Hold” rating. Citigroup started covering the stock on February 01, 2024. It rated SJM as “a Buy”.
Price Performance Review of SJM
On Tuesday, J.M. Smucker Co [NYSE:SJM] saw its stock jump 5.69% to $120.09. Over the last five days, the stock has gained 7.31%. J.M. Smucker Co shares have fallen nearly -4.98% since the year began. Nevertheless, the stocks have risen 8.09% over the past one year. While a 52-week high of $134.62 was reached on 02/02/24, a 52-week low of $105.69 was recorded on 06/26/24. SMA at 50 days reached $116.44, while 200 days put it at $116.80.
Levels Of Support And Resistance For SJM Stock
The 24-hour chart illustrates a support level at 117.29, which if violated will result in even more drops to 114.50. On the upside, there is a resistance level at 124.15. A further resistance level may holdings at 128.21. The Relative Strength Index (RSI) on the 14-day chart is 63.97, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.78, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 27.70%. Stochastics %K at 64.79% indicates the stock is a holding.
How much short interest is there in J.M. Smucker Co?
A steep rise in short interest was recorded in J.M. Smucker Co stocks on 2024-10-31, dropping by 90212.0 shares to a total of 3.41 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 3.5 million shares. There was a decline of -2.64%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on December 12, 2023 when Wells Fargo began covering the stock and recommended ‘”an Overweight”‘ rating along with a $140 price target.
