The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Sweetgreen Inc shares valued at $6,421,608 were sold by Jammet Nicolas on Dec 13 ’24. At $37.73 per share, Jammet Nicolas sold 170,199 shares. The insider’s holdings dropped to 1,760,034 shares worth approximately $61.13 million following the completion of this transaction.
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Also, Ru Nathaniel sold 170,199 shares, netting a total of over 6,421,608 in proceeds. Following the sale of shares at $37.73 each, the insider now holds 1,781,930 shares.
Before that, Neman Jonathan had sold 170,199 shares from its account. In a trade valued at $6,421,608, the CHIEF EXECUTIVE OFFICER traded Sweetgreen Inc shares for $37.73 each. Upon closing the transaction, the insider’s holdings decreased to 170,199 shares, worth approximately $61.13 million.
As published in their initiating research note from KeyBanc Capital Markets on December 11, 2024, Sweetgreen Inc [SG] has been a Sector weight. Analysts at Goldman downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early November. As of September 04, 2024, TD Cowen has increased its “Hold” rating to a “Buy” for SG. Earlier on August 19, 2024, Piper Sandler downgraded its rating. Their new recommendation was “a Neutral” for SG stock which previously was a “an Overweight”.
Analyzing SG Stock Performance
During the last five days, there has been a drop of approximately -7.98%. Over the course of the year, Sweetgreen Inc shares have jumped approximately 207.35%. Shares of the company reached a 52-week high of $45.12 on 11/25/24 and a 52-week low of $9.66 on 01/17/24. A 50-day SMA is recorded $38.10, while a 200-day SMA reached $30.93. Nevertheless, trading volume fell to 2.46 million shares from 2.6 million shares the previous day.
Support And Resistance Levels for Sweetgreen Inc (SG)
According to the 24-hour chart, there is a support level at 33.95, which, if violated, would cause prices to drop to 33.18. In the upper region, resistance lies at 35.64. The next price resistance is at 36.55. RSI (Relative Strength Index) is 42.73 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.75, which suggests the price will decrease in the coming days. Percent R is at 83.99%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
