Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Sweetgreen Inc shares valued at $288,787 were sold by Reback Mitch on Feb 18 ’25. At $26.43 per share, Reback Mitch sold 10,926 shares. The insider’s holdings dropped to 344,055 shares worth approximately $8.08 million following the completion of this transaction.
Also, Mitch Reback purchased 6,926 shares, netting a total of over 188,249 in proceeds.
Before that, Reback Mitch had sold 8,000 shares from its account. In a trade valued at $265,072, the CHIEF FINANCIAL OFFICER traded Sweetgreen Inc shares for $33.13 each. Upon closing the transaction, the insider’s holdings decreased to 8,000 shares, worth approximately $8.24 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 -10.82%. Over the course of the year, Sweetgreen Inc shares have dropped approximately -26.76%. Shares of the company reached a 52-week high of $35.95 on 01/06/25 and a 52-week low of $22.78 on 02/20/25. A 50-day SMA is recorded $32.13, while a 200-day SMA reached $32.60. Nevertheless, trading volume fell to 4.27 million shares from 5.16 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 22.71, which, if violated, would cause prices to drop to 21.94. In the upper region, resistance lies at 24.32. The next price resistance is at 25.16. RSI (Relative Strength Index) is 27.93 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.69, which suggests the price will decrease in the coming days. Percent R is at 93.76%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
