Sweetgreen Inc’s filing revealed that its CHIEF FINANCIAL OFFICER Reback Mitch unloaded Company’s shares for reported $0.27 million on Jan 15 ’25. In the deal valued at $33.13 per share,8,000 shares were sold. As a result of this transaction, Reback Mitch now holds 350,981 shares worth roughly $ 9.54 million.
Then, MITCHELL C REBACK bought 24,000 shares, generating $785,760 in total proceeds.
Before that, Jammet Nicolas sold 170,199 shares. Sweetgreen Inc shares valued at $6,421,608 were divested by the Chief Concept Officer at a price of $37.73 per share. As a result of the transaction, Jammet Nicolas now holds 1,760,034 shares, worth roughly $47.86 million.
Citigroup upgraded its Sweetgreen Inc [SG] rating to a Buy from a a Neutral in a research note published on January 10, 2025; the price target was increased to $49 from $44. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who began to cover the stock in mid December with a ‘”a Sector weight”‘ rating. Goldman also remained covering SG and has decreased its forecast on November 08, 2024 with a “Neutral” recommendation from previously “Buy” rating. TD Cowen revised its rating on September 04, 2024. It rated SG as “a Buy” which previously was an “a Hold”.
Price Performance Review of SG
On Friday, Sweetgreen Inc [NYSE:SG] saw its stock jump 0.11% to $27.19. Over the last five days, the stock has lost -7.33%. Sweetgreen Inc shares have fallen nearly -15.19% since the year began. Nevertheless, the stocks have risen 130.42% over the past one year. While a 52-week high of $45.12 was reached on 01/06/25, a 52-week low of $10.93 was recorded on 02/12/25. SMA at 50 days reached $33.09, while 200 days put it at $32.56.
Levels Of Support And Resistance For SG Stock
The 24-hour chart illustrates a support level at 26.69, which if violated will result in even more drops to 26.19. On the upside, there is a resistance level at 27.59. A further resistance level may holdings at 27.99. The Relative Strength Index (RSI) on the 14-day chart is 35.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.56, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.76%. Stochastics %K at 19.35% indicates the stock is a buying.
How much short interest is there in Sweetgreen Inc?
A steep rise in short interest was recorded in Sweetgreen Inc stocks on 2025-01-31, dropping by -0.81 million shares to a total of 14.22 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-31 was 15.03 million shares. There was a decline of -5.72%, which implies that there is a negative sentiment for the stock.
