Scotts Miracle-Gro Company’s recent filing unveils that its CEO and Chairman HAGEDORN JAMES unloaded Company’s shares for reported $1.39 million on Dec 04 ’24. In the deal valued at $75.68 per share,18,368 shares were sold. As a result of this transaction, HAGEDORN JAMES now holds 87,426 shares worth roughly $6.6 million.
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Then, HAGEDORN JAMES bought 18,368 shares, generating $1,390,033 in total proceeds.
Before that, Hagedorn Partnership, L.P. sold 28,000 shares. Scotts Miracle-Gro Company shares valued at $2,125,383 were divested by the 10% Owner at a price of $75.91 per share. As a result of the transaction, Hagedorn Partnership, L.P. now holds 13,553,774 shares, worth roughly $1.02 billion.
Truist downgraded its Scotts Miracle-Gro Company [SMG] rating to a Hold from a a Buy in a research note published on April 05, 2024; the price target was increased to $75 from $65. A number of analysts have revised their coverage, including Raymond James’s analysts, who decreased its forecast for the stock in late March from “a Strong buy” to “a Mkt perform”. Stifel also remained covering SMG and has decreased its forecast on July 13, 2023 with a “Hold” recommendation from previously “Buy” rating. Truist revised its rating on July 11, 2023. It rated SMG as “a Buy” which previously was an “a Hold”.
Price Performance Review of SMG
On Friday, Scotts Miracle-Gro Company [NYSE:SMG] saw its stock fall -0.03% to $75.47. Over the last five days, the stock has lost -2.10%. Scotts Miracle-Gro Company shares have risen nearly 18.38% since the year began. Nevertheless, the stocks have risen 23.99% over the past one year. While a 52-week high of $93.90 was reached on 11/05/24, a 52-week low of $53.43 was recorded on 02/06/24. SMA at 50 days reached $82.25, while 200 days put it at $72.13.
Levels Of Support And Resistance For SMG Stock
The 24-hour chart illustrates a support level at 74.27, which if violated will result in even more drops to 73.06. On the upside, there is a resistance level at 77.08. A further resistance level may holdings at 78.68. The Relative Strength Index (RSI) on the 14-day chart is 42.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.88, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.40%. Stochastics %K at 23.31% indicates the stock is a holding.
How much short interest is there in Scotts Miracle-Gro Company?
A steep rise in short interest was recorded in Scotts Miracle-Gro Company stocks on 2024-11-15, dropping by -0.45 million shares to a total of 4.8 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 5.25 million shares. There was a decline of -9.39%, which implies that there is a negative sentiment for the stock.
