Grocery Outlet Holding Corp’s recent filing unveils that its Director Lindberg Eric J. Jr. unloaded Company’s shares for reported $0.5 million on Feb 04 ’25. In the deal valued at $16.88 per share,29,536 shares were sold. As a result of this transaction, Lindberg Eric J. Jr. now holds 119,874 shares worth roughly $1.89 million.
Then, Lindberg Eric J. Jr. bought 29,536 shares, generating $498,515 in total proceeds.
Before that, Ragatz Erik D. bought 110,000 shares. Grocery Outlet Holding Corp shares valued at $2,007,500 were divested by the Director at a price of $18.25 per share. As a result of the transaction, Ragatz Erik D. now holds 539,785 shares, worth roughly $8.5 million.
TD Cowen downgraded its Grocery Outlet Holding Corp [GO] rating to a Hold from a a Buy in a research note published on November 06, 2024; the price target was decreased to $16 from $25. A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who decreased its forecast for the stock in late October from “an Outperform” to “a Market perform”. BofA Securities also remained covering GO and has decreased its forecast on October 30, 2024 with a “Neutral” recommendation from previously “Buy” rating. Loop Capital started covering the stock on October 17, 2024. It rated GO as “a Hold”.
Price Performance Review of GO
On Tuesday, Grocery Outlet Holding Corp [NASDAQ:GO] saw its stock fall -0.38% to $15.74. Over the last five days, the stock has lost -1.87%. Grocery Outlet Holding Corp shares have risen nearly 0.83% since the year began. Nevertheless, the stocks have fallen -39.02% over the past one year. While a 52-week high of $29.19 was reached on 02/11/25, a 52-week low of $13.60 was recorded on 01/23/25. SMA at 50 days reached $16.48, while 200 days put it at $18.43.
Levels Of Support And Resistance For GO Stock
The 24-hour chart illustrates a support level at 15.54, which if violated will result in even more drops to 15.33. On the upside, there is a resistance level at 16.08. A further resistance level may holdings at 16.42. The Relative Strength Index (RSI) on the 14-day chart is 41.49, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.80, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.17%. Stochastics %K at 19.27% indicates the stock is a buying.
The most recent change occurred on August 07, 2024 when Telsey Advisory Group resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $27.
