Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Symbotic Inc shares valued at $1,921,382 were sold by Dunn Michael David on Dec 09 ’24. At $30.08 per share, Dunn Michael David sold 63,867 shares. The insider’s holdings dropped to 24,055 shares worth approximately $0.58 million following the completion of this transaction.
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Also, MICHAEL D DUNN purchased 70,737 shares, netting a total of over 1,977,099 in proceeds.
Before that, COREY C DUFRESNE had added 18,432 shares to its account. In a trade valued at $515,174, the Officer bought Symbotic Inc shares for $27.95 each.
As published in a research note from KeyBanc Capital Markets on November 27, 2024, Symbotic Inc [SYM] has been rated down from an Overweight to a Sector weight. Analysts at DA Davidson downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late November. As of November 27, 2024, Craig Hallum has decreased its “Buy” rating to a “Hold” for SYM. Earlier on July 23, 2024, Vertical Research initiated its rating. Their recommendation was “a Hold” for SYM stock.
Analyzing SYM Stock Performance
During the last five days, there has been a drop of approximately -10.16%. Over the course of the year, Symbotic Inc shares have dropped approximately -53.30%. Shares of the company reached a 52-week high of $52.20 on 02/05/24 and a 52-week low of $17.11 on 09/04/24. A 50-day SMA is recorded $29.66, while a 200-day SMA reached $33.43. Nevertheless, trading volume fell to 2.07 million shares from 1.84 million shares the previous day.
Support And Resistance Levels for Symbotic Inc (SYM)
According to the 24-hour chart, there is a support level at 23.06, which, if violated, would cause prices to drop to 22.16. In the upper region, resistance lies at 25.36. The next price resistance is at 26.76. RSI (Relative Strength Index) is 37.78 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.11, which suggests the price will decrease in the coming days. Percent R is at 85.66%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
