Suburban Propane Partners LP’s filing revealed that its SVP- Prod.Sup,Purch.&Logistics Brinkworth Douglas unloaded Company’s shares for reported $0.12 million on Dec 05 ’24. In the deal valued at $19.50 per share,5,971 shares were sold. As a result of this transaction, Brinkworth Douglas now holds 161,355 shares worth roughly $2.81 million.
Then, Brinkworth Douglas bought 7,500 shares, generating $145,800 in total proceeds.
Before that, Schueler Michael A sold 5,335 shares. Suburban Propane Partners LP shares valued at $103,041 were divested by the Vice President-Product Supply at a price of $19.31 per share. As a result of the transaction, Schueler Michael A now holds 18,879 shares, worth roughly $0.33 million.
Wells Fargo downgraded its Suburban Propane Partners LP [SPH] rating to an Underweight from a an Equal weight in a research note published recently. A number of analysts have revised their coverage, including Mizuho’s analysts, who decreased its forecast for the stock in late January from “a Neutral” to “an Underperform”. Mizuho began covering SPH with “Neutral” recommendation on April 26, 2023. Argus revised its rating on March 26, 2021. It rated SPH as “a Buy” which previously was an “a Hold”.
Price Performance Review of SPH
On Tuesday, Suburban Propane Partners LP [NYSE:SPH] saw its stock jump 0.93% to $17.44. Over the last five days, the stock has lost -1.86%. Suburban Propane Partners LP shares have fallen nearly -1.80% since the year began. Nevertheless, the stocks have fallen -9.96% over the past one year. While a 52-week high of $21.55 was reached on 06/10/24, a 52-week low of $15.20 was recorded on 08/08/24. SMA at 50 days reached $18.54, while 200 days put it at $18.84.
Levels Of Support And Resistance For SPH Stock
The 24-hour chart illustrates a support level at 17.22, which if violated will result in even more drops to 17.01. On the upside, there is a resistance level at 17.65. A further resistance level may holdings at 17.87. The Relative Strength Index (RSI) on the 14-day chart is 36.76, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.89, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.80%. Stochastics %K at 10.15% indicates the stock is a buying.
How much short interest is there in Suburban Propane Partners LP?
A steep rise in short interest was recorded in Suburban Propane Partners LP stocks on 2024-10-31, dropping by 35213.0 shares to a total of 0.82 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 0.86 million shares. There was a decline of -4.28%, which implies that there is a negative sentiment for the stock.
