Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. SiteOne Landscape Supply Inc shares valued at $924,300 were sold by Ketter Joseph on Nov 21 ’24. At $142.20 per share, Ketter Joseph sold 6,500 shares. The insider’s holdings dropped to 12,942 shares worth approximately $1.68 million following the completion of this transaction.
Also, Ketter Joseph purchased 6,500 shares, netting a total of over 924,321 in proceeds.
Before that, Diaz Fred M had sold 878 shares from its account. In a trade valued at $113,297, the Director traded SiteOne Landscape Supply Inc shares for $129.04 each. Upon closing the transaction, the insider’s holdings decreased to 878 shares, worth approximately $1.46 million.
As published in a research note from Jefferies on December 06, 2024, SiteOne Landscape Supply Inc [SITE] has been rated up from a Hold to a Buy and the price target has been revised to $175 from $145. Analysts at Goldman started covering the stock with ‘”a Neutral”‘ outlook in a report released in early October. As of August 01, 2024, Stifel has decreased its “Buy” rating to a “Hold” for SITE. Earlier on May 02, 2024, Stifel upgraded its rating. Their new recommendation was “a Buy” for SITE stock which previously was a “a Hold”.
Analyzing SITE Stock Performance
During the last five days, there has been a drop of approximately -1.75%. Over the course of the year, SiteOne Landscape Supply Inc shares have dropped approximately -1.75%. Shares of the company reached a 52-week high of $135.00 on 01/06/25 and a 52-week low of $126.27 on 01/08/25. A 50-day SMA is recorded $142.70, while a 200-day SMA reached $144.51. Nevertheless, trading volume fell to 0.19 million shares from 0.28 million shares the previous day.
Support And Resistance Levels for SiteOne Landscape Supply Inc (SITE)
According to the 24-hour chart, there is a support level at 127.11, which, if violated, would cause prices to drop to 124.75. In the upper region, resistance lies at 130.99. The next price resistance is at 132.51. RSI (Relative Strength Index) is 34.86 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.41, which suggests the price will decrease in the coming days. Percent R is at 80.06%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
