Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Sally Beauty Holdings Inc shares valued at $195,615 were sold by Sherman Scott C on Nov 25 ’24. At $14.49 per share, Sherman Scott C sold 13,500 shares. The insider’s holdings dropped to 42,431 shares worth approximately $0.48 million following the completion of this transaction.
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Also, McIntosh Kim sold 4,300 shares, netting a total of over 62,479 in proceeds. Following the sale of shares at $14.53 each, the insider now holds 16,685 shares.
Before that, Scott Sherman had added 13,500 shares to its account. In a trade valued at $195,750, the Officer bought Sally Beauty Holdings Inc shares for $14.50 each.
As published in a research note from TD Cowen on November 25, 2024, Sally Beauty Holdings Inc [SBH] has been rated up from a Hold to a Buy and the price target has been revised to $16 from $14. Analysts at Raymond James upgraded the stock from ‘”an Underperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in mid November. As of December 15, 2022, Piper Sandler has initiated its “an Overweight” rating for SBH. Earlier on August 12, 2022, Cowen downgraded its rating. Their new recommendation was “a Market perform” for SBH stock which previously was a “an Outperform”.
Analyzing SBH Stock Performance
During the last five days, there has been a drop of approximately -8.46%. Over the course of the year, Sally Beauty Holdings Inc shares have dropped approximately -15.29%. Shares of the company reached a 52-week high of $14.79 on 11/27/24 and a 52-week low of $9.06 on 08/05/24. A 50-day SMA is recorded $12.91, while a 200-day SMA reached $11.92. Nevertheless, trading volume fell to 0.72 million shares from 1.73 million shares the previous day.
Support And Resistance Levels for Sally Beauty Holdings Inc (SBH)
According to the 24-hour chart, there is a support level at 11.12, which, if violated, would cause prices to drop to 10.99. In the upper region, resistance lies at 11.40. The next price resistance is at 11.55. RSI (Relative Strength Index) is 26.97 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.91, which suggests the price will decrease in the coming days. Percent R is at 95.87%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
