Sprouts Farmers Market Inc’s recent filing unveils that its Chief Executive Officer Sinclair Jack unloaded Company’s shares for reported $0.79 million on Dec 17 ’24. In the deal valued at $138.99 per share,5,714 shares were sold. As a result of this transaction, Sinclair Jack now holds 158,148 shares worth roughly $21.92 million.
Then, Sinclair Jack sold 5,714 shares, generating $782,084 in total proceeds. Upon selling the shares at $136.87, the Chief Executive Officer now owns 152,434 shares.
Before that, Jack Sinclair bought 11,428 shares. Sprouts Farmers Market Inc shares valued at $1,583,921 were divested by the Officer at a price of $138.60 per share.
Evercore ISI upgraded its Sprouts Farmers Market Inc [SFM] rating to an Outperform from a an In-line in a research note published on September 16, 2024; the price target was increased to $120 from $96. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who began to cover the stock in mid September with a ‘”a Sector perform”‘ rating. Wells Fargo also remained covering SFM and has increased its forecast on July 30, 2024 with a “an Equal weight” recommendation from previously “an Underweight” rating. BMO Capital Markets revised its rating on July 30, 2024. It rated SFM as “a Market perform” which previously was an “an Underperform”.
Price Performance Review of SFM
On Monday, Sprouts Farmers Market Inc [NASDAQ:SFM] saw its stock jump 0.46% to $138.62. Over the last five days, the stock has gained 2.95%. Sprouts Farmers Market Inc shares have risen nearly 9.09% since the year began. Nevertheless, the stocks have risen 180.04% over the past one year. While a 52-week high of $155.64 was reached on 01/07/25, a 52-week low of $48.98 was recorded on 01/02/25. SMA at 50 days reached $140.80, while 200 days put it at $101.47.
Levels Of Support And Resistance For SFM Stock
The 24-hour chart illustrates a support level at 135.92, which if violated will result in even more drops to 133.23. On the upside, there is a resistance level at 140.57. A further resistance level may holdings at 142.53. The Relative Strength Index (RSI) on the 14-day chart is 51.89, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.36, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 21.40%. Stochastics %K at 80.43% indicates the stock is a selling.
How much short interest is there in Sprouts Farmers Market Inc?
A steep rise in short interest was recorded in Sprouts Farmers Market Inc stocks on 2024-12-31, dropping by -0.34 million shares to a total of 6.28 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 6.61 million shares. There was a decline of -5.38%, which implies that there is a negative sentiment for the stock.
