Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Sweetgreen Inc shares valued at $1,624,613 were sold by Jammet Nicolas on Dec 03 ’24. At $38.68 per share, Jammet Nicolas sold 41,999 shares. The insider’s holdings dropped to 1,930,233 shares worth approximately $77.31 million following the completion of this transaction.
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Also, Ru Nathaniel sold 42,104 shares, netting a total of over 1,627,053 in proceeds. Following the sale of shares at $38.64 each, the insider now holds 1,952,129 shares.
Before that, Neman Jonathan had sold 41,805 shares from its account. In a trade valued at $1,614,107, the CHIEF EXECUTIVE OFFICER traded Sweetgreen Inc shares for $38.61 each. Upon closing the transaction, the insider’s holdings decreased to 41,805 shares, worth approximately $77.31 million.
As published in a research note from Goldman on November 08, 2024, Sweetgreen Inc [SG] has been rated down from a Buy to a Neutral and the price target has been revised to $40. Analysts at TD Cowen upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early September. As of August 19, 2024, Piper Sandler has decreased its “an Overweight” rating to a “Neutral” for SG. Earlier on July 17, 2024, UBS initiated its rating. Their recommendation was “a Buy” for SG stock.
Analyzing SG Stock Performance
During the last five days, there has been a drop of approximately -5.61%. Over the course of the year, Sweetgreen Inc shares have jumped approximately 254.42%. Shares of the company reached a 52-week high of $45.12 on 11/25/24 and a 52-week low of $9.66 on 01/17/24. A 50-day SMA is recorded $37.85, while a 200-day SMA reached $29.80. Nevertheless, trading volume fell to 1.63 million shares from 0.64 million shares the previous day.
Support And Resistance Levels for Sweetgreen Inc (SG)
According to the 24-hour chart, there is a support level at 39.28, which, if violated, would cause prices to drop to 38.51. In the upper region, resistance lies at 40.87. The next price resistance is at 41.68. RSI (Relative Strength Index) is 52.75 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.08, which suggests the price will decrease in the coming days. Percent R is at 41.05%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
