Grocery Outlet Holding Corp’s filing revealed that its Director Ragatz Erik D. acquired Company’s shares for reported $2.01 million on Nov 15 ’24. In the deal valued at $18.25 per share,110,000 shares were bought. As a result of this transaction, Ragatz Erik D. now holds 539,785 shares worth roughly $10.44 million.
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Then, Sheedy Robert Joseph Jr. bought 11,537 shares, generating $222,207 in total proceeds.
Before that, Lindberg Eric J. Jr. sold 200,095 shares. Grocery Outlet Holding Corp shares valued at $3,259,548 were divested by the Director at a price of $16.29 per share. As a result of the transaction, Lindberg Eric J. Jr. now holds 70,938 shares, worth roughly $1.37 million.
TD Cowen downgraded its Grocery Outlet Holding Corp [GO] rating to a Hold from a a Buy in a research note published on November 06, 2024; the price target was decreased to $16 from $25. A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who decreased its forecast for the stock in late October from “an Outperform” to “a Market perform”. BofA Securities also remained covering GO and has decreased its forecast on October 30, 2024 with a “Neutral” recommendation from previously “Buy” rating. Loop Capital started covering the stock on October 17, 2024. It rated GO as “a Hold”.
Price Performance Review of GO
On Monday, Grocery Outlet Holding Corp [NASDAQ:GO] saw its stock jump 1.20% to $19.35. Over the last five days, the stock has lost -3.15%. Grocery Outlet Holding Corp shares have fallen nearly -28.23% since the year began. Nevertheless, the stocks have fallen -34.50% over the past one year. While a 52-week high of $29.80 was reached on 02/28/24, a 52-week low of $13.60 was recorded on 10/30/24. SMA at 50 days reached $17.52, while 200 days put it at $21.06.
Levels Of Support And Resistance For GO Stock
The 24-hour chart illustrates a support level at 19.07, which if violated will result in even more drops to 18.79. On the upside, there is a resistance level at 19.78. A further resistance level may holdings at 20.21. The Relative Strength Index (RSI) on the 14-day chart is 54.53, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.65, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 58.88%. Stochastics %K at 36.65% indicates the stock is a holding.
How much short interest is there in Grocery Outlet Holding Corp?
A steep rise in short interest was recorded in Grocery Outlet Holding Corp stocks on 2024-11-15, dropping by -2.22 million shares to a total of 7.99 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 10.21 million shares. There was a decline of -27.78%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on August 07, 2024 when Telsey Advisory Group resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $27.
