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. Grocery Outlet Holding Corp shares valued at $498,568 were sold by Lindberg Eric J. Jr. on Feb 04 ’25. At $16.88 per share, Lindberg Eric J. Jr. sold 29,536 shares. The insider’s holdings dropped to 119,874 shares worth approximately $2.06 million following the completion of this transaction.
Also, Lindberg Eric J. Jr. purchased 29,536 shares, netting a total of over 498,515 in proceeds.
Before that, Ragatz Erik D. had added 110,000 shares to its account. In a trade valued at $2,007,500, the Director bought Grocery Outlet Holding Corp shares for $18.25 each. Upon closing the transaction, the insider’s holdings increased to 110,000 shares, worth approximately $9.28 million.
As published in a research note from TD Cowen on November 06, 2024, Grocery Outlet Holding Corp [GO] has been rated down from a Buy to a Hold and the price target has been revised to $16 from $25. Analysts at Telsey Advisory Group downgraded the stock from ‘”an Outperform”‘ to ‘”a Market perform”‘ outlook in a report released in late October. As of October 30, 2024, BofA Securities has decreased its “Buy” rating to a “Neutral” for GO. Earlier on October 17, 2024, Loop Capital initiated its rating. Their recommendation was “a Hold” for GO stock.
Analyzing GO Stock Performance
During the last five days, there has been a surge of approximately 2.56%. Over the course of the year, Grocery Outlet Holding Corp shares have jumped approximately 10.19%. Shares of the company reached a 52-week high of $17.31 on 02/05/25 and a 52-week low of $14.77 on 01/23/25. A 50-day SMA is recorded $17.37, while a 200-day SMA reached $19.07. Nevertheless, trading volume fell to 1.92 million shares from 1.61 million shares the previous day.
Support And Resistance Levels for Grocery Outlet Holding Corp (GO)
According to the 24-hour chart, there is a support level at 16.91, which, if violated, would cause prices to drop to 16.62. In the upper region, resistance lies at 17.40. The next price resistance is at 17.60. RSI (Relative Strength Index) is 56.77 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.63, which suggests the price will decrease in the coming days. Percent R is at 4.33%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
