Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Sweetgreen Inc shares valued at $785,760 were purchased by MITCHELL C REBACK on Jan 15 ’25. At $32.74 per share, MITCHELL C REBACK acquired 24,000 shares.
Also, Jammet Nicolas 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 1,760,034 shares.
Before that, Ru Nathaniel had sold 170,199 shares from its account. In a trade valued at $6,421,608, the Chief Brand Officer traded Sweetgreen Inc shares for $37.73 each. Upon closing the transaction, the insider’s holdings decreased to 170,199 shares, worth approximately $59.21 million.
As published in a research note from Citigroup on January 10, 2025, Sweetgreen Inc [SG] has been rated up from a Neutral to a Buy and the price target has been revised to $49 from $44. Analysts at KeyBanc Capital Markets started covering the stock with ‘”a Sector weight”‘ outlook in a report released in mid December. As of November 08, 2024, Goldman has decreased its “Buy” rating to a “Neutral” for SG. Earlier on September 04, 2024, TD Cowen upgraded its rating. Their new recommendation was “a Buy” for SG stock which previously was a “a Hold”.
Analyzing SG Stock Performance
During the last five days, there has been a surge of approximately 3.10%. Over the course of the year, Sweetgreen Inc shares have jumped approximately 3.65%. Shares of the company reached a 52-week high of $35.95 on 01/06/25 and a 52-week low of $31.11 on 01/02/25. A 50-day SMA is recorded $36.59, while a 200-day SMA reached $31.79. Nevertheless, trading volume fell to 1.11 million shares from 1.8 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 32.77, which, if violated, would cause prices to drop to 32.30. In the upper region, resistance lies at 33.72. The next price resistance is at 34.22. RSI (Relative Strength Index) is 46.59 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.32, which suggests the price will decrease in the coming days. Percent R is at 52.51%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
