Sleep Number Corp’s filing revealed that its 10% Owner STADIUM CAPITAL MANAGEMENT LLC acquired Company’s shares for reported $0.23 million on Nov 14 ’24. In the deal valued at $13.73 per share,16,600 shares were bought. As a result of this transaction, STADIUM CAPITAL MANAGEMENT LLC now holds 2,188,460 shares worth roughly $40.86 million.
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Then, STADIUM CAPITAL MANAGEMENT LLC bought 15,000 shares, generating $181,851 in total proceeds. Upon buying the shares at $12.12, the 10% Owner now owns 2,215,000 shares.
Before that, STADIUM CAPITAL MANAGEMENT LLC bought 11,540 shares. Sleep Number Corp shares valued at $146,628 were divested by the 10% Owner at a price of $12.71 per share. As a result of the transaction, STADIUM CAPITAL MANAGEMENT LLC now holds 2,200,000 shares, worth roughly $41.07 million.
Piper Sandler downgraded its Sleep Number Corp [SNBR] rating to a Neutral from a an Overweight in a research note published on April 21, 2022; the price target was decreased to $49 from $62. A number of analysts have revised their coverage, including Wedbush’s analysts, who decreased its forecast for the stock in late March from “an Outperform” to “a Neutral”. Wedbush also remained covering SNBR and has increased its forecast on February 04, 2022 with a “an Outperform” recommendation from previously “Neutral” rating. UBS revised its rating on February 18, 2021. It rated SNBR as “a Neutral” which previously was an “a Sell”.
Price Performance Review of SNBR
On Friday, Sleep Number Corp [NASDAQ:SNBR] saw its stock jump 0.54% to $18.67. Over the last five days, the stock has gained 24.47%. Sleep Number Corp shares have risen nearly 25.89% since the year began. Nevertheless, the stocks have risen 36.48% over the past one year. While a 52-week high of $20.75 was reached on 09/19/24, a 52-week low of $8.13 was recorded on 07/09/24. SMA at 50 days reached $14.93, while 200 days put it at $13.97.
Levels Of Support And Resistance For SNBR Stock
The 24-hour chart illustrates a support level at 18.33, which if violated will result in even more drops to 17.99. On the upside, there is a resistance level at 19.22. A further resistance level may holdings at 19.78. The Relative Strength Index (RSI) on the 14-day chart is 70.40, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.37, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 9.36%. Stochastics %K at 94.54% indicates the stock is a selling.
How much short interest is there in Sleep Number Corp?
A steep rise in short interest was recorded in Sleep Number Corp stocks on 2024-11-15, growing by 0.4 million shares to a total of 3.43 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 3.03 million shares. There was a rise of 11.78%, which implies that there is a positive sentiment for the stock.
