In a filing, Sally Beauty Holdings Inc revealed its insider Sherman Scott C unloaded Company’s shares for reported $0.2 million on Nov 25 ’24. In the deal valued at $14.49 per share,13,500 shares were sold. As a result of this transaction, Sherman Scott C now holds 42,431 shares worth roughly $0.47 million.
Then, McIntosh Kim sold 4,300 shares, generating $62,479 in total proceeds. Upon selling the shares at $14.53, the GVP, CONTROLLER & CAO now owns 16,685 shares.
Before that, Scott Sherman bought 13,500 shares. Sally Beauty Holdings Inc shares valued at $195,750 were divested by the Officer at a price of $14.50 per share.
Canaccord Genuity initiated its Sally Beauty Holdings Inc [SBH] rating to a Buy in a research note published on January 16, 2025; the price target was $14. A number of analysts have revised their coverage, including TD Cowen’s analysts, who increased its forecast for the stock in late November from “a Hold” to “a Buy”. Raymond James also remained covering SBH and has increased its forecast on November 15, 2024 with a “Mkt perform” recommendation from previously “an Underperform” rating. Piper Sandler started covering the stock on December 15, 2022. It rated SBH as “an Overweight”.
Price Performance Review of SBH
On Tuesday, Sally Beauty Holdings Inc [NYSE:SBH] saw its stock fall -1.95% to $11.07. Over the last five days, the stock has lost -1.60%. Sally Beauty Holdings Inc shares have risen nearly 5.93% since the year began. Nevertheless, the stocks have fallen -8.66% over the past one year. While a 52-week high of $14.79 was reached on 01/15/25, a 52-week low of $9.06 was recorded on 01/02/25. SMA at 50 days reached $12.11, while 200 days put it at $11.84.
Levels Of Support And Resistance For SBH Stock
The 24-hour chart illustrates a support level at 10.94, which if violated will result in even more drops to 10.82. On the upside, there is a resistance level at 11.31. A further resistance level may holdings at 11.56. The Relative Strength Index (RSI) on the 14-day chart is 44.39, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 39.42%. Stochastics %K at 65.71% indicates the stock is a holding.
How much short interest is there in Sally Beauty Holdings Inc?
A steep rise in short interest was recorded in Sally Beauty Holdings Inc stocks on 2024-10-31, dropping by -1.81 million shares to a total of 11.55 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 13.36 million shares. There was a decline of -15.63%, which implies that there is a negative sentiment for the stock.
