Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Grove Collaborative Holdings Inc shares valued at $48,230 were purchased by Yurcisin Jeffrey Michael on Nov 18 ’24. At $1.38 per share, Yurcisin Jeffrey Michael acquired 35,000 shares. The insider’s holdings grew to 197,839 shares worth approximately $0.35 million following the completion of this transaction.
Also, Clark Christopher sold 6,485 shares, netting a total of over 11,262 in proceeds. Following the sale of shares at $1.74 each, the insider now holds 112,344 shares.
Before that, Clark Christopher had sold 6,485 shares from its account. In a trade valued at $10,337, the Chief Technology Officer traded Grove Collaborative Holdings Inc shares for $1.59 each. Upon closing the transaction, the insider’s holdings decreased to 6,485 shares, worth approximately $0.21 million.
As published in a research note from Telsey Advisory Group on August 09, 2024, Grove Collaborative Holdings Inc [GROV] has been retained to an Outperform and the price target has been revised to $2. Analysts at Canaccord Genuity started covering the stock with ‘”a Buy”‘ outlook in a report released in mid November. As of June 27, 2022, Telsey Advisory Group has initiated its “an Outperform” rating for GROV.
Analyzing GROV Stock Performance
During the last five days, there has been a surge of approximately 26.62%. Over the course of the year, Grove Collaborative Holdings Inc shares have jumped approximately 26.62%. Shares of the company reached a 52-week high of $1.9500 on 01/08/25 and a 52-week low of $1.3800 on 01/02/25. A 50-day SMA is recorded $1.4092, while a 200-day SMA reached $1.4726. Nevertheless, trading volume fell to 1.64 million shares from 0.29 million shares the previous day.
Support And Resistance Levels for Grove Collaborative Holdings Inc (GROV)
According to the 24-hour chart, there is a support level at 1.5500, which, if violated, would cause prices to drop to 1.3400. In the upper region, resistance lies at 1.9600. The next price resistance is at 2.1600. RSI (Relative Strength Index) is 75.79 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.1524, which suggests the price will decrease in the coming days. Percent R is at 29.23%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
