Sleep Number Corp’s recent filing unveils that its 10% Owner STADIUM CAPITAL MANAGEMENT LLC acquired Company’s shares for reported $0.23 million on Nov 14 ’24. In the deal valued at $13.73 per share,16,600 shares were bought. As a result of this transaction, STADIUM CAPITAL MANAGEMENT LLC now holds 2,188,460 shares worth roughly $31.71 million.
Then, STADIUM CAPITAL MANAGEMENT LLC bought 15,000 shares, generating $181,851 in total proceeds. Upon buying the shares at $12.12, the 10% Owner now owns 2,215,000 shares.
Before that, STADIUM CAPITAL MANAGEMENT LLC bought 11,540 shares. Sleep Number Corp shares valued at $146,628 were divested by the 10% Owner at a price of $12.71 per share. As a result of the transaction, STADIUM CAPITAL MANAGEMENT LLC now holds 2,200,000 shares, worth roughly $31.88 million.
Piper Sandler downgraded its Sleep Number Corp [SNBR] rating to a Neutral from a an Overweight in a research note published on April 21, 2022; the price target was decreased to $49 from $62. A number of analysts have revised their coverage, including Wedbush’s analysts, who decreased its forecast for the stock in late March from “an Outperform” to “a Neutral”. Wedbush also remained covering SNBR and has increased its forecast on February 04, 2022 with a “an Outperform” recommendation from previously “Neutral” rating. UBS revised its rating on February 18, 2021. It rated SNBR as “a Neutral” which previously was an “a Sell”.
Price Performance Review of SNBR
On Friday, Sleep Number Corp [NASDAQ:SNBR] saw its stock fall -3.24% to $14.49. Over the last five days, the stock has lost -17.29%. Sleep Number Corp shares have fallen nearly -4.92% since the year began. Nevertheless, the stocks have risen 26.27% over the past one year. While a 52-week high of $20.75 was reached on 01/27/25, a 52-week low of $8.13 was recorded on 02/21/25. SMA at 50 days reached $17.03, while 200 days put it at $14.59.
Levels Of Support And Resistance For SNBR Stock
The 24-hour chart illustrates a support level at 13.84, which if violated will result in even more drops to 13.18. On the upside, there is a resistance level at 15.19. A further resistance level may holdings at 15.88. The Relative Strength Index (RSI) on the 14-day chart is 37.21, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.81, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.28%. Stochastics %K at 9.60% indicates the stock is a buying.
