Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. J.M. Smucker Co shares valued at $112,322 were sold by Marshall Tucker H on Dec 17 ’24. At $113.00 per share, Marshall Tucker H sold 994 shares. The insider’s holdings dropped to 18,734 shares worth approximately $2.07 million following the completion of this transaction.
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Also, Marshall Tucker H purchased 994 shares, netting a total of over 112,322 in proceeds.
Before that, SMUCKER MARK T had sold 10,000 shares from its account. In a trade valued at $1,101,600, the Chair of Board, Pres & CEO traded J.M. Smucker Co shares for $110.16 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $8.68 million.
As published in a research note from Stifel on October 25, 2024, J.M. Smucker Co [SJM] has been rated down from a Buy to a Hold and the price target has been revised to $125 from $135. Analysts at DA Davidson started covering the stock with ‘”a Neutral”‘ outlook in a report released in early March. As of February 28, 2024, Stifel has increased its “Hold” rating to a “Buy” for SJM. Earlier on February 01, 2024, Citigroup initiated its rating. Their recommendation was “a Buy” for SJM stock.
Analyzing SJM Stock Performance
During the last five days, there has been a drop of approximately -2.67%. Over the course of the year, J.M. Smucker Co shares have dropped approximately -12.78%. Shares of the company reached a 52-week high of $134.62 on 02/02/24 and a 52-week low of $105.69 on 06/26/24. A 50-day SMA is recorded $115.41, while a 200-day SMA reached $116.17. Nevertheless, trading volume fell to 1.21 million shares from 1.52 million shares the previous day.
Support And Resistance Levels for J.M. Smucker Co (SJM)
According to the 24-hour chart, there is a support level at 109.05, which, if violated, would cause prices to drop to 107.87. In the upper region, resistance lies at 112.51. The next price resistance is at 114.79. RSI (Relative Strength Index) is 39.15 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.76, which suggests the price will decrease in the coming days. Percent R is at 99.23%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
