Grocery Outlet Holding Corp’s recent filing unveils that its Director Alterman Kenneth W. acquired Company’s shares for reported $0.3 million on Mar 03 ’25. In the deal valued at $11.88 per share,25,000 shares were bought. As a result of this transaction, Alterman Kenneth W. now holds 64,592 shares worth roughly $0.73 million.
Then, Ragatz Erik D. bought 165,000 shares, generating $2,021,250 in total proceeds. Upon buying the shares at $12.25, the Director now owns 201,500 shares.
Before that, MILLER CHRISTOPHER M bought 10,000 shares. Grocery Outlet Holding Corp shares valued at $116,800 were divested by the Chief Financial Officer at a price of $11.68 per share. As a result of the transaction, MILLER CHRISTOPHER M now holds 10,000 shares, worth roughly $0.11 million.
Deutsche Bank downgraded its Grocery Outlet Holding Corp [GO] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including TD Cowen’s analysts, who decreased its forecast for the stock in early November from “a Buy” to “a Hold”. Telsey Advisory Group also remained covering GO and has decreased its forecast on October 30, 2024 with a “Market perform” recommendation from previously “an Outperform” rating. BofA Securities revised its rating on October 30, 2024. It rated GO as “a Neutral” which previously was an “a Buy”.
Price Performance Review of GO
On Monday, Grocery Outlet Holding Corp [NASDAQ:GO] saw its stock fall -4.55% to $11.33. Over the last five days, the stock has lost -28.29%. Grocery Outlet Holding Corp shares have fallen nearly -27.42% since the year began. Nevertheless, the stocks have fallen -56.67% over the past one year. While a 52-week high of $29.13 was reached on 02/11/25, a 52-week low of $10.26 was recorded on 02/26/25. SMA at 50 days reached $15.91, while 200 days put it at $18.25.
Levels Of Support And Resistance For GO Stock
The 24-hour chart illustrates a support level at 11.04, which if violated will result in even more drops to 10.74. On the upside, there is a resistance level at 11.81. A further resistance level may holdings at 12.28. The Relative Strength Index (RSI) on the 14-day chart is 25.15, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.60%. Stochastics %K at 19.07% indicates the stock is a buying.
The most recent change occurred on October 17, 2024 when Loop Capital began covering the stock and recommended ‘”a Hold”‘ rating along with a $17 price target.
