In a filing, Sweetgreen Inc revealed its Chief Concept Officer Jammet Nicolas unloaded Company’s shares for reported $6.42 million on Dec 13 ’24. In the deal valued at $37.73 per share,170,199 shares were sold. As a result of this transaction, Jammet Nicolas now holds 1,760,034 shares worth roughly $61.81 million.
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Then, Ru Nathaniel sold 170,199 shares, generating $6,421,608 in total proceeds. Upon selling the shares at $37.73, the Chief Brand Officer now owns 1,781,930 shares.
Before that, Neman Jonathan sold 170,199 shares. Sweetgreen Inc shares valued at $6,421,608 were divested by the CHIEF EXECUTIVE OFFICER at a price of $37.73 per share. As a result of the transaction, Neman Jonathan now holds 1,760,029 shares, worth roughly $61.81 million.
KeyBanc Capital Markets initiated its Sweetgreen Inc [SG] rating to a Sector weight in a research note published recently. A number of analysts have revised their coverage, including Goldman’s analysts, who decreased its forecast for the stock in early November from “a Buy” to “a Neutral”. TD Cowen also remained covering SG and has increased its forecast on September 04, 2024 with a “Buy” recommendation from previously “Hold” rating. Piper Sandler revised its rating on August 19, 2024. It rated SG as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of SG
On Monday, Sweetgreen Inc [NYSE:SG] saw its stock jump 1.92% to $35.12. Over the last five days, the stock has lost -6.77%. Sweetgreen Inc shares have risen nearly 210.80% since the year began. Nevertheless, the stocks have risen 198.64% over the past one year. While a 52-week high of $45.12 was reached on 11/25/24, a 52-week low of $9.66 was recorded on 01/17/24. SMA at 50 days reached $38.23, while 200 days put it at $30.68.
Levels Of Support And Resistance For SG Stock
The 24-hour chart illustrates a support level at 34.47, which if violated will result in even more drops to 33.82. On the upside, there is a resistance level at 35.84. A further resistance level may holdings at 36.56. The Relative Strength Index (RSI) on the 14-day chart is 42.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.33, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.51%. Stochastics %K at 10.07% indicates the stock is a buying.
How much short interest is there in Sweetgreen Inc?
A steep rise in short interest was recorded in Sweetgreen Inc stocks on 2024-11-29, dropping by -2.41 million shares to a total of 13.1 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 15.51 million shares. There was a decline of -18.38%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on July 17, 2024 when UBS began covering the stock and recommended ‘”a Buy”‘ rating along with a $31 price target.
