Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Symbotic Inc shares valued at $422,151 were sold by Dunn Michael David on Jan 16 ’25. At $32.19 per share, Dunn Michael David sold 13,114 shares. The insider’s holdings dropped to 18,746 shares worth approximately $0.63 million following the completion of this transaction.
Also, MICHAEL D DUNN purchased 13,114 shares, netting a total of over 351,062 in proceeds.
Before that, KRASNOW TODD had sold 2,000 shares from its account. In a trade valued at $48,084, the Director traded Symbotic Inc shares for $24.04 each. Upon closing the transaction, the insider’s holdings decreased to 2,000 shares, worth approximately $0.0.
As published in their initiating research note from Oppenheimer on January 16, 2025, Symbotic Inc [SYM] has been an Outperform and the price target has been revised to $35. As of January 08, 2025, DA Davidson has increased its “Neutral” rating to a “Buy” for SYM. Earlier on November 27, 2024, KeyBanc Capital Markets downgraded its rating. Their new recommendation was “a Sector weight” for SYM stock which previously was a “an Overweight”.
Analyzing SYM Stock Performance
During the last five days, there has been a surge of approximately 25.14%. Over the course of the year, Symbotic Inc shares have jumped approximately 41.29%. Shares of the company reached a 52-week high of $34.19 on 01/21/25 and a 52-week low of $23.66 on 01/13/25. A 50-day SMA is recorded $28.66, while a 200-day SMA reached $31.39. Nevertheless, trading volume fell to 1.04 million shares from 1.85 million shares the previous day.
Support And Resistance Levels for Symbotic Inc (SYM)
According to the 24-hour chart, there is a support level at 32.60, which, if violated, would cause prices to drop to 31.71. In the upper region, resistance lies at 34.04. The next price resistance is at 34.59. RSI (Relative Strength Index) is 65.09 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.35, which suggests the price will increase in the coming days. Percent R is at 6.55%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
