Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Sally Beauty Holdings Inc shares valued at $195,615 were sold by Sherman Scott C on Nov 25 ’24. At $14.49 per share, Sherman Scott C sold 13,500 shares. The insider’s holdings dropped to 42,431 shares worth approximately $0.47 million following the completion of this transaction.
Also, McIntosh Kim sold 4,300 shares, netting a total of over 62,479 in proceeds. Following the sale of shares at $14.53 each, the insider now holds 16,685 shares.
Before that, Scott Sherman had added 13,500 shares to its account. In a trade valued at $195,750, the Officer bought Sally Beauty Holdings Inc shares for $14.50 each.
As published in their initiating research note from Canaccord Genuity on January 16, 2025, Sally Beauty Holdings Inc [SBH] has been a Buy and the price target has been revised to $14. Analysts at TD Cowen upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in late November. As of November 15, 2024, Raymond James has increased its “an Underperform” rating to a “Mkt perform” for SBH. Earlier on December 15, 2022, Piper Sandler initiated its rating. Their recommendation was “an Overweight” for SBH stock.
Analyzing SBH Stock Performance
During the last five days, there has been a drop of approximately -0.27%. Over the course of the year, Sally Beauty Holdings Inc shares have jumped approximately 6.32%. Shares of the company reached a 52-week high of $11.48 on 01/15/25 and a 52-week low of $10.35 on 01/02/25. A 50-day SMA is recorded $12.25, while a 200-day SMA reached $11.84. Nevertheless, trading volume fell to 2.37 million shares from 2.44 million shares the previous day.
Support And Resistance Levels for Sally Beauty Holdings Inc (SBH)
According to the 24-hour chart, there is a support level at 11.00, which, if violated, would cause prices to drop to 10.89. In the upper region, resistance lies at 11.32. The next price resistance is at 11.53. RSI (Relative Strength Index) is 43.35 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.26, which suggests the price will decrease in the coming days. Percent R is at 25.88%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
