Symbotic Inc’s recently made public that its Officer MICHAEL D DUNN acquired Company’s shares for reported $1.98 million on Dec 09 ’24. In the deal valued at $27.95 per share,70,737 shares were bought.
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Then, COREY C DUFRESNE bought 18,432 shares, generating $515,174 in total proceeds.
Before that, MIRIAM ORT bought 9,645 shares. Symbotic Inc shares valued at $322,031 were divested by the Officer at a price of $33.39 per share.
KeyBanc Capital Markets downgraded its Symbotic Inc [SYM] rating to a Sector weight from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including DA Davidson’s analysts, who decreased its forecast for the stock in late November from “a Buy” to “a Neutral”. Craig Hallum also remained covering SYM and has decreased its forecast on November 27, 2024 with a “Hold” recommendation from previously “Buy” rating. Vertical Research started covering the stock on July 23, 2024. It rated SYM as “a Hold”.
Price Performance Review of SYM
On Tuesday, Symbotic Inc [NASDAQ:SYM] saw its stock fall -6.27% to $26.76. Over the last five days, the stock has gained 4.94%. Symbotic Inc shares have fallen nearly -47.87% since the year began. Nevertheless, the stocks have fallen -46.83% over the past one year. While a 52-week high of $58.28 was reached on 02/05/24, a 52-week low of $17.11 was recorded on 09/04/24. SMA at 50 days reached $29.35, while 200 days put it at $33.86.
Levels Of Support And Resistance For SYM Stock
The 24-hour chart illustrates a support level at 26.06, which if violated will result in even more drops to 25.36. On the upside, there is a resistance level at 28.05. A further resistance level may holdings at 29.33. The Relative Strength Index (RSI) on the 14-day chart is 43.68, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.65, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.76%. Stochastics %K at 31.19% indicates the stock is a holding.
How much short interest is there in Symbotic Inc?
A steep rise in short interest was recorded in Symbotic Inc stocks on 2024-10-31, dropping by -1.71 million shares to a total of 13.59 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 15.29 million shares. There was a decline of -12.55%, which implies that there is a negative sentiment for the stock.
