The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Sprouts Farmers Market Inc shares valued at $408,821 were sold by Sinclair Jack on Jan 16 ’25. At $140.25 per share, Sinclair Jack sold 2,915 shares. The insider’s holdings dropped to 146,584 shares worth approximately $22.74 million following the completion of this transaction.
Also, Sinclair Jack sold 2,935 shares, netting a total of over 407,197 in proceeds. Following the sale of shares at $138.74 each, the insider now holds 149,499 shares.
Before that, Jack Sinclair had added 5,850 shares to its account. In a trade valued at $819,000, the Officer bought Sprouts Farmers Market Inc shares for $140.00 each.
As published in a research note from Evercore ISI on September 16, 2024, Sprouts Farmers Market Inc [SFM] has been rated up from an In-line to an Outperform and the price target has been revised to $120 from $96. Analysts at RBC Capital Mkts started covering the stock with ‘”a Sector perform”‘ outlook in a report released in mid September. As of July 30, 2024, Wells Fargo has increased its “an Underweight” rating to a “an Equal weight” for SFM. Earlier on July 30, 2024, BMO Capital Markets upgraded its rating. Their new recommendation was “a Market perform” for SFM stock which previously was a “an Underperform”.
Analyzing SFM Stock Performance
During the last five days, there has been a surge of approximately 6.06%. Over the course of the year, Sprouts Farmers Market Inc shares have jumped approximately 22.07%. Shares of the company reached a 52-week high of $155.38 on 01/29/25 and a 52-week low of $127.35 on 01/02/25. A 50-day SMA is recorded $142.63, while a 200-day SMA reached $105.98. Nevertheless, trading volume fell to 1.05 million shares from 1.03 million shares the previous day.
Support And Resistance Levels for Sprouts Farmers Market Inc (SFM)
According to the 24-hour chart, there is a support level at 152.76, which, if violated, would cause prices to drop to 150.41. In the upper region, resistance lies at 156.42. The next price resistance is at 157.73. RSI (Relative Strength Index) is 72.28 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 8.33, which suggests the price will increase in the coming days. Percent R is at 1.34%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
