Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. 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 $56.43 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
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 $56.43 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 -3.23%. Over the course of the year, Sweetgreen Inc shares have jumped approximately 183.72%. 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 $37.51, while a 200-day SMA reached $31.38. Nevertheless, trading volume fell to 1.81 million shares from 2.15 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 31.70, which, if violated, would cause prices to drop to 31.34. In the upper region, resistance lies at 32.45. The next price resistance is at 32.84. RSI (Relative Strength Index) is 38.05 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.34, which suggests the price will decrease in the coming days. Percent R is at 84.70%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
