In a filing, Sweetgreen Inc revealed its CHIEF FINANCIAL OFFICER Reback Mitch unloaded Company’s shares for reported $0.29 million on Feb 18 ’25. In the deal valued at $26.43 per share,10,926 shares were sold. As a result of this transaction, Reback Mitch now holds 344,055 shares worth roughly $7.78 million.
Then, Mitch Reback bought 6,926 shares, generating $188,249 in total proceeds.
Before that, Reback Mitch sold 8,000 shares. Sweetgreen Inc shares valued at $265,072 were divested by the CHIEF FINANCIAL OFFICER at a price of $33.13 per share. As a result of the transaction, Reback Mitch now holds 350,981 shares, worth roughly $7.94 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 3.57% to $22.61. Over the last five days, the stock has lost -16.84%. Sweetgreen Inc shares have fallen nearly -29.48% since the year began. Nevertheless, the stocks have risen 99.73% over the past one year. While a 52-week high of $45.12 was reached on 01/06/25, a 52-week low of $11.16 was recorded on 02/24/25. SMA at 50 days reached $31.43, while 200 days put it at $32.59.
Levels Of Support And Resistance For SG Stock
The 24-hour chart illustrates a support level at 21.58, which if violated will result in even more drops to 20.55. On the upside, there is a resistance level at 23.51. A further resistance level may holdings at 24.41. The Relative Strength Index (RSI) on the 14-day chart is 28.83, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.32, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.61%. Stochastics %K at 5.45% indicates the stock is a buying.
