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Understanding the Risks of Investing in Savers Value Village Inc (SVV)

Savers Value Village Inc’s recent filing unveils that its Officer Walsh Mark T. acquired Company’s shares for reported $0.59 million on Dec 10 ’24. In the deal valued at $9.87 per share,60,000 shares were bought.

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Then, Medway Richard A. bought 15,000 shares, generating $150,750 in total proceeds.

Before that, Medway Richard A. sold 19,500 shares. Savers Value Village Inc shares valued at $195,000 were divested by the General Counsel at a price of $10.00 per share. As a result of the transaction, Medway Richard A. now holds 0 shares, worth roughly $0.0.

Piper Sandler downgraded its Savers Value Village Inc [SVV] rating to a Neutral from a an Overweight in a research note published on November 08, 2024; the price target was decreased to $10 from $11. A number of analysts have revised their coverage, including Goldman’s analysts, who decreased its forecast for the stock in early August from “a Buy” to “a Neutral”. JP Morgan also remained covering SVV and has decreased its forecast on July 22, 2024 with a “Neutral” recommendation from previously “an Overweight” rating. Loop Capital started covering the stock on August 15, 2023. It rated SVV as “a Buy”.

Price Performance Review of SVV

On Tuesday, Savers Value Village Inc [NYSE:SVV] saw its stock jump 1.90% to $10.19. Over the last five days, the stock has gained 8.29%. Savers Value Village Inc shares have fallen nearly -41.37% since the year began. Nevertheless, the stocks have fallen -35.22% over the past one year. While a 52-week high of $21.33 was reached on 03/07/24, a 52-week low of $7.78 was recorded on 08/09/24. SMA at 50 days reached $9.88, while 200 days put it at $12.64.

Levels Of Support And Resistance For SVV Stock

The 24-hour chart illustrates a support level at 9.72, which if violated will result in even more drops to 9.25. On the upside, there is a resistance level at 10.48. A further resistance level may holdings at 10.77. The Relative Strength Index (RSI) on the 14-day chart is 58.58, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.49, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 6.04%. Stochastics %K at 84.80% indicates the stock is a selling.

How much short interest is there in Savers Value Village Inc?

A steep rise in short interest was recorded in Savers Value Village Inc stocks on 2024-11-29, growing by 0.19 million shares to a total of 6.15 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 5.96 million shares. There was a rise of 3.15%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on July 25, 2023 when CIBC began covering the stock and recommended ‘”a Sector outperform”‘ rating along with a $27 price target.

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