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. Sweetgreen Inc shares valued at $265,072 were sold by Reback Mitch on Jan 15 ’25. At $33.13 per share, Reback Mitch sold 8,000 shares. The insider’s holdings dropped to 350,981 shares worth approximately $10.78 million following the completion of this transaction.
Also, MITCHELL C REBACK purchased 24,000 shares, netting a total of over 785,760 in proceeds.
Before that, Jammet Nicolas had sold 170,199 shares from its account. In a trade valued at $6,421,608, the Chief Concept Officer traded Sweetgreen Inc shares for $37.73 each. Upon closing the transaction, the insider’s holdings decreased to 170,199 shares, worth approximately $54.07 million.
As published in a research note from Citigroup on January 10, 2025, Sweetgreen Inc [SG] has been rated up from a Neutral to a Buy and the price target has been revised to $49 from $44. Analysts at KeyBanc Capital Markets started covering the stock with ‘”a Sector weight”‘ outlook in a report released in mid December. As of November 08, 2024, Goldman has decreased its “Buy” rating to a “Neutral” for SG. Earlier on September 04, 2024, TD Cowen upgraded its rating. Their new recommendation was “a Buy” for SG stock which previously was a “a Hold”.
Analyzing SG Stock Performance
During the last five days, there has been a drop of approximately -8.71%. Over the course of the year, Sweetgreen Inc shares have dropped approximately -4.18%. Shares of the company reached a 52-week high of $35.95 on 01/06/25 and a 52-week low of $28.28 on 01/27/25. A 50-day SMA is recorded $34.85, while a 200-day SMA reached $32.41. Nevertheless, trading volume fell to 3.57 million shares from 2.03 million shares the previous day.
Support And Resistance Levels for Sweetgreen Inc (SG)
According to the 24-hour chart, there is a support level at 29.45, which, if violated, would cause prices to drop to 28.19. In the upper region, resistance lies at 32.47. The next price resistance is at 34.23. RSI (Relative Strength Index) is 41.93 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.46, which suggests the price will decrease in the coming days. Percent R is at 64.53%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
