Scotts Miracle-Gro Company’s filing revealed that its 10% Owner Hagedorn Partnership, L.P. unloaded Company’s shares for reported $8.1 million on Dec 09 ’24. In the deal valued at $74.62 per share,108,550 shares were sold. As a result of this transaction, Hagedorn Partnership, L.P. now holds 13,444,724 shares worth roughly $973.4 million.
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Then, HAGEDORN ROBERT sold 108,550 shares, generating $8,100,354 in total proceeds. Upon selling the shares at $74.62, the 10% Owner now owns 13,444,724 shares.
Before that, Baxter Nathan Eric sold 11,359 shares. Scotts Miracle-Gro Company shares valued at $856,097 were divested by the EVP and COO at a price of $75.37 per share. As a result of the transaction, Baxter Nathan Eric now holds 51,631 shares, worth roughly $3.74 million.
Jefferies initiated its Scotts Miracle-Gro Company [SMG] rating to a Hold in a research note published on December 09, 2024; the price target was $72. A number of analysts have revised their coverage, including Truist’s analysts, who decreased its forecast for the stock in early April from “a Buy” to “a Hold”. Raymond James also remained covering SMG and has decreased its forecast on March 25, 2024 with a “Mkt perform” recommendation from previously “Strong buy” rating. Stifel revised its rating on July 13, 2023. It rated SMG as “a Hold” which previously was an “a Buy”.
Price Performance Review of SMG
On Tuesday, Scotts Miracle-Gro Company [NYSE:SMG] saw its stock fall -1.09% to $72.40. Over the last five days, the stock has lost -1.82%. Scotts Miracle-Gro Company shares have risen nearly 13.57% since the year began. Nevertheless, the stocks have risen 19.02% 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 $80.59, while 200 days put it at $72.51.
Levels Of Support And Resistance For SMG Stock
The 24-hour chart illustrates a support level at 71.70, which if violated will result in even more drops to 70.99. On the upside, there is a resistance level at 73.07. A further resistance level may holdings at 73.74. The Relative Strength Index (RSI) on the 14-day chart is 37.51, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.37, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.19%. Stochastics %K at 14.40% indicates the stock is a buying.
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 2024-11-29, dropping by -0.17 million shares to a total of 4.86 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 5.03 million shares. There was a decline of -3.55%, which implies that there is a negative sentiment for the stock.
