Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. SpartanNash Co shares valued at $19,450 were purchased by MacPherson Kerrie D. on Jun 07 ’24. At $19.45 per share, MacPherson Kerrie D. acquired 1,000 shares. The insider’s holdings grew to 4,739 shares worth approximately $89614.49 following the completion of this transaction.
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Also, VOSS WILLIAM R sold 16,439 shares, netting a total of over 326,150 in proceeds. Following the sale of shares at $19.84 each, the insider now holds 15,248 shares.
Before that, Proctor Hawthorne L. had sold 4,700 shares from its account. In a trade valued at $97,807, the Director traded SpartanNash Co shares for $20.81 each. Upon closing the transaction, the insider’s holdings decreased to 4,700 shares, worth approximately $0.48 million.
As published in a research note from Northcoast on December 01, 2022, SpartanNash Co [SPTN] has been rated up from a Neutral to a Buy. Analysts at CL King started covering the stock with ‘”a Neutral”‘ outlook in a report released in late March. As of March 21, 2022, CL King has initiated its “Buy” rating for SPTN. Earlier on November 15, 2021, Northcoast downgraded its rating. Their new recommendation was “a Neutral” for SPTN stock which previously was a “a Buy”.
Analyzing SPTN Stock Performance
During the last five days, there has been a surge of approximately 4.07%. Over the course of the year, SpartanNash Co shares have dropped approximately -17.60%. Shares of the company reached a 52-week high of $24.51 on 01/03/24 and a 52-week low of $17.74 on 07/05/24. A 50-day SMA is recorded $20.72, while a 200-day SMA reached $20.22. Nevertheless, trading volume fell to 0.25 million shares from 0.33 million shares the previous day.
Support And Resistance Levels for SpartanNash Co (SPTN)
According to the 24-hour chart, there is a support level at 18.77, which, if violated, would cause prices to drop to 18.62. In the upper region, resistance lies at 19.17. The next price resistance is at 19.42. RSI (Relative Strength Index) is 41.57 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.42, which suggests the price will decrease in the coming days. Percent R is at 46.35%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
