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Simply Good Foods Co (SMPL) may enjoy gains as insiders got busy in the recent days

In a filing, Simply Good Foods Co revealed its Chf Legal & Corp. Affairs Of. KRAFT TIMOTHY RICHARD unloaded Company’s shares for reported $2.89 million on Nov 18 ’24. In the deal valued at $37.60 per share,76,761 shares were sold. As a result of this transaction, KRAFT TIMOTHY RICHARD now holds 40,068 shares worth roughly $1.6 million.

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Then, KRAFT TIMOTHY RICHARD bought 76,761 shares, generating $2,840,157 in total proceeds.

Before that, Ratzan Brian K. sold 50,000 shares. Simply Good Foods Co shares valued at $1,869,005 were divested by the Director at a price of $37.38 per share. As a result of the transaction, Ratzan Brian K. now holds 2,049,387 shares, worth roughly $81.59 million.

TD Cowen initiated its Simply Good Foods Co [SMPL] rating to a Hold in a research note published on April 22, 2024; the price target was $34. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who decreased its forecast for the stock in early January from “a Buy” to “a Hold”. DA Davidson began covering SMPL with “Neutral” recommendation on December 08, 2023. Morgan Stanley revised its rating on September 18, 2023. It rated SMPL as “an Overweight” which previously was an “an Equal-weight”.

Price Performance Review of SMPL

On Monday, Simply Good Foods Co [NASDAQ:SMPL] saw its stock jump 0.04% to $39.81. Over the last five days, the stock has gained 2.04%. Simply Good Foods Co shares have risen nearly 0.52% since the year began. Nevertheless, the stocks have risen 2.75% over the past one year. While a 52-week high of $43.00 was reached on 01/04/24, a 52-week low of $30.00 was recorded on 04/04/24. SMA at 50 days reached $35.34, while 200 days put it at $34.88.

Levels Of Support And Resistance For SMPL Stock

The 24-hour chart illustrates a support level at 39.50, which if violated will result in even more drops to 39.19. On the upside, there is a resistance level at 39.99. A further resistance level may holdings at 40.17. The Relative Strength Index (RSI) on the 14-day chart is 75.20, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.29, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 16.84%. Stochastics %K at 84.94% indicates the stock is a selling.

How much short interest is there in Simply Good Foods Co?

A steep rise in short interest was recorded in Simply Good Foods Co stocks on 2024-11-15, dropping by -1.33 million shares to a total of 3.83 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 5.17 million shares. There was a decline of -34.78%, which implies that there is a negative sentiment for the stock.

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