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. Symbotic Inc shares valued at $567,560 were purchased by COREY C DUFRESNE on Jan 28 ’25. At $27.74 per share, COREY C DUFRESNE acquired 20,460 shares.
Also, Dunn Michael David sold 3,635 shares, netting a total of over 120,958 in proceeds. Following the sale of shares at $33.28 each, the insider now holds 24,272 shares.
Before that, MICHAEL D DUNN had added 3,635 shares to its account. In a trade valued at $120,958, the Officer bought Symbotic Inc shares for $33.28 each.
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 drop of approximately -10.99%. Over the course of the year, Symbotic Inc shares have jumped approximately 25.77%. 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 $28.33, while a 200-day SMA reached $31.01. Nevertheless, trading volume fell to 1.47 million shares from 0.88 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 29.27, which, if violated, would cause prices to drop to 28.73. In the upper region, resistance lies at 30.20. The next price resistance is at 30.59. RSI (Relative Strength Index) is 53.42 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.15, which suggests the price will decrease in the coming days. Percent R is at 41.50%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
