Scotts Miracle-Gro Company’s recent filing unveils that its Director Hagedorn Partnership, L.P. unloaded Company’s shares for reported $4.19 million on Feb 13 ’25. In the deal valued at $66.70 per share,62,877 shares were sold. As a result of this transaction, Hagedorn Partnership, L.P. now holds 13,369,274 shares worth roughly $803.23 million.
Then, Sandoval Brian E sold 1,513 shares, generating $99,646 in total proceeds. Upon selling the shares at $65.86, the Director now owns 13,039 shares.
Before that, Sandoval Brian E bought 1,513 shares. Scotts Miracle-Gro Company shares valued at $99,645 were divested by the Director at a price of $65.86 per share.
Jefferies initiated its Scotts Miracle-Gro Company [SMG] rating to a Hold in a research note published on December 09, 2024; the price target was $72. A number of analysts have revised their coverage, including Truist’s analysts, who decreased its forecast for the stock in early April from “a Buy” to “a Hold”. Raymond James also remained covering SMG and has decreased its forecast on March 25, 2024 with a “Mkt perform” recommendation from previously “Strong buy” rating. Stifel revised its rating on July 13, 2023. It rated SMG as “a Hold” which previously was an “a Buy”.
Price Performance Review of SMG
On Friday, Scotts Miracle-Gro Company [NYSE:SMG] saw its stock fall -0.63% to $60.08. Over the last five days, the stock has lost -9.09%. Scotts Miracle-Gro Company shares have fallen nearly -9.44% since the year began. Nevertheless, the stocks have risen 4.98% over the past one year. While a 52-week high of $93.90 was reached on 01/29/25, a 52-week low of $56.01 was recorded on 02/21/25. SMA at 50 days reached $68.80, while 200 days put it at $72.16.
Levels Of Support And Resistance For SMG Stock
The 24-hour chart illustrates a support level at 59.74, which if violated will result in even more drops to 59.41. On the upside, there is a resistance level at 60.74. A further resistance level may holdings at 61.41. The Relative Strength Index (RSI) on the 14-day chart is 26.62, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.56, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.04%. Stochastics %K at 4.36% indicates the stock is a buying.
