Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Scotts Miracle-Gro Company shares valued at $4,194,192 were sold by Hagedorn Partnership, L.P. on Feb 13 ’25. At $66.70 per share, Hagedorn Partnership, L.P. sold 62,877 shares. The insider’s holdings dropped to 13,369,274 shares worth approximately $841.06 million following the completion of this transaction.
Also, Sandoval Brian E sold 1,513 shares, netting a total of over 99,646 in proceeds. Following the sale of shares at $65.86 each, the insider now holds 13,039 shares.
Before that, Sandoval Brian E had added 1,513 shares to its account. In a trade valued at $99,645, the Director bought Scotts Miracle-Gro Company shares for $65.86 each.
As published in their initiating research note from Jefferies on December 09, 2024, Scotts Miracle-Gro Company [SMG] has been a Hold and the price target has been revised to $72. Analysts at Truist downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early April. As of March 25, 2024, Raymond James has decreased its “Strong buy” rating to a “Mkt perform” for SMG. Earlier on July 13, 2023, Stifel downgraded its rating. Their new recommendation was “a Hold” for SMG stock which previously was a “a Buy”.
Analyzing SMG Stock Performance
During the last five days, there has been a drop of approximately -4.64%. Over the course of the year, Scotts Miracle-Gro Company shares have dropped approximately -5.17%. Shares of the company reached a 52-week high of $79.11 on 01/29/25 and a 52-week low of $62.76 on 02/20/25. A 50-day SMA is recorded $69.39, while a 200-day SMA reached $72.27. Nevertheless, trading volume fell to 0.59 million shares from 0.73 million shares the previous day.
Support And Resistance Levels for Scotts Miracle-Gro Company (SMG)
According to the 24-hour chart, there is a support level at 62.52, which, if violated, would cause prices to drop to 62.13. In the upper region, resistance lies at 63.54. The next price resistance is at 64.17. RSI (Relative Strength Index) is 31.83 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.12, which suggests the price will decrease in the coming days. Percent R is at 98.34%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
