In a filing, Sweetgreen Inc revealed its Director Bornstein Julie unloaded Company’s shares for reported $0.19 million on Nov 27 ’24. In the deal valued at $42.11 per share,4,464 shares were sold. As a result of this transaction, Bornstein Julie now holds 32,637 shares worth roughly $1.28 million.
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Then, Neman Jonathan sold 14,745 shares, generating $663,525 in total proceeds. Upon selling the shares at $45.00, the CHIEF EXECUTIVE OFFICER now owns 1,930,228 shares.
Before that, Neman Jonathan sold 11,796 shares. Sweetgreen Inc shares valued at $530,820 were divested by the CHIEF EXECUTIVE OFFICER at a price of $45.00 per share. As a result of the transaction, Neman Jonathan now holds 0 shares, worth roughly $0.0.
Goldman downgraded its Sweetgreen Inc [SG] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including TD Cowen’s analysts, who increased its forecast for the stock in early September from “a Hold” to “a Buy”. Piper Sandler also remained covering SG and has decreased its forecast on August 19, 2024 with a “Neutral” recommendation from previously “an Overweight” rating. UBS started covering the stock on July 17, 2024. It rated SG as “a Buy”.
Price Performance Review of SG
On Monday, Sweetgreen Inc [NYSE:SG] saw its stock fall -4.27% to $39.23. Over the last five days, the stock has lost -9.61%. Sweetgreen Inc shares have risen nearly 247.17% since the year began. Nevertheless, the stocks have risen 316.90% over the past one year. While a 52-week high of $45.12 was reached on 11/25/24, a 52-week low of $9.31 was recorded on 01/17/24. SMA at 50 days reached $37.64, while 200 days put it at $29.39.
Levels Of Support And Resistance For SG Stock
The 24-hour chart illustrates a support level at 38.14, which if violated will result in even more drops to 37.05. On the upside, there is a resistance level at 41.33. A further resistance level may holdings at 43.43. The Relative Strength Index (RSI) on the 14-day chart is 50.68, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.96, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 47.69%. Stochastics %K at 65.67% indicates the stock is a holding.
How much short interest is there in Sweetgreen Inc?
A steep rise in short interest was recorded in Sweetgreen Inc stocks on 2024-11-15, dropping by -3.21 million shares to a total of 13.6 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 16.8 million shares. There was a decline of -23.58%, which implies that there is a negative sentiment for the stock.
