Symbotic Inc’s recent filing unveils that its insider Dunn Michael David unloaded Company’s shares for reported $73503.0 on Jan 31 ’25. In the deal valued at $30.00 per share,2,450 shares were sold. As a result of this transaction, Dunn Michael David now holds 19,851 shares worth roughly $0.6 million.
Then, Dunn Michael David sold 1,971 shares, generating $59,139 in total proceeds. Upon selling the shares at $30.00, the insider now owns 22,301 shares.
Before that, COREY C DUFRESNE bought 20,460 shares. Symbotic Inc shares valued at $567,560 were divested by the Officer at a price of $27.74 per share.
Oppenheimer initiated its Symbotic Inc [SYM] rating to an Outperform in a research note published on January 16, 2025; the price target was $35. DA Davidson also remained covering SYM and has increased its forecast on January 08, 2025 with a “Buy” recommendation from previously “Neutral” rating. KeyBanc Capital Markets revised its rating on November 27, 2024. It rated SYM as “a Sector weight” which previously was an “an Overweight”.
Price Performance Review of SYM
On Tuesday, Symbotic Inc [NASDAQ:SYM] saw its stock jump 3.73% to $30.30. Over the last five days, the stock has gained 2.50%. Symbotic Inc shares have risen nearly 27.79% since the year began. Nevertheless, the stocks have fallen -35.28% over the past one year. While a 52-week high of $52.20 was reached on 01/21/25, a 52-week low of $17.11 was recorded on 01/13/25. SMA at 50 days reached $28.12, while 200 days put it at $30.84.
Levels Of Support And Resistance For SYM Stock
The 24-hour chart illustrates a support level at 29.55, which if violated will result in even more drops to 28.80. On the upside, there is a resistance level at 30.86. A further resistance level may holdings at 31.42. The Relative Strength Index (RSI) on the 14-day chart is 54.66, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.75, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 45.98%. Stochastics %K at 51.82% indicates the stock is a holding.
How much short interest is there in Symbotic Inc?
A steep rise in short interest was recorded in Symbotic Inc stocks on 2024-10-31, dropping by -1.71 million shares to a total of 13.59 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 15.29 million shares. There was a decline of -12.55%, which implies that there is a negative sentiment for the stock.
