Sally Beauty Holdings Inc’s recently made public that its insider Sherman Scott C unloaded Company’s shares for reported $0.2 million on Nov 25 ’24. In the deal valued at $14.49 per share,13,500 shares were sold. As a result of this transaction, Sherman Scott C now holds 42,431 shares worth roughly $0.52 million.
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Then, McIntosh Kim sold 4,300 shares, generating $62,479 in total proceeds. Upon selling the shares at $14.53, the GVP, CONTROLLER & CAO now owns 16,685 shares.
Before that, Scott Sherman bought 13,500 shares. Sally Beauty Holdings Inc shares valued at $195,750 were divested by the Officer at a price of $14.50 per share.
TD Cowen upgraded its Sally Beauty Holdings Inc [SBH] rating to a Buy from a a Hold in a research note published on November 25, 2024; the price target was increased to $16 from $14. A number of analysts have revised their coverage, including Raymond James’s analysts, who increased its forecast for the stock in mid November from “an Underperform” to “a Mkt perform”. Piper Sandler began covering SBH with “an Overweight” recommendation on December 15, 2022. Cowen revised its rating on August 12, 2022. It rated SBH as “a Market perform” which previously was an “an Outperform”.
Price Performance Review of SBH
On Tuesday, Sally Beauty Holdings Inc [NYSE:SBH] saw its stock fall -1.05% to $12.29. Over the last five days, the stock has lost -3.30%. Sally Beauty Holdings Inc shares have fallen nearly -7.45% since the year began. Nevertheless, the stocks have fallen -5.02% over the past one year. While a 52-week high of $14.79 was reached on 11/27/24, a 52-week low of $9.06 was recorded on 08/05/24. SMA at 50 days reached $13.02, while 200 days put it at $11.94.
Levels Of Support And Resistance For SBH Stock
The 24-hour chart illustrates a support level at 12.14, which if violated will result in even more drops to 11.98. On the upside, there is a resistance level at 12.48. A further resistance level may holdings at 12.66. The Relative Strength Index (RSI) on the 14-day chart is 37.73, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.72, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.42%. Stochastics %K at 4.77% indicates the stock is a buying.
How much short interest is there in Sally Beauty Holdings Inc?
A steep rise in short interest was recorded in Sally Beauty Holdings Inc stocks on 2024-10-31, dropping by -1.81 million shares to a total of 11.55 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 13.36 million shares. There was a decline of -15.63%, which implies that there is a negative sentiment for the stock.
