The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Grocery Outlet Holding Corp shares valued at $73,449 were sold by Wilson Steven K. on Mar 04 ’25. At $11.34 per share, Wilson Steven K. sold 6,477 shares. The insider’s holdings dropped to 173,605 shares worth approximately $2.0 million following the completion of this transaction.
Also, Thompson Luke D sold 3,614 shares, netting a total of over 40,983 in proceeds. Following the sale of shares at $11.34 each, the insider now holds 32,300 shares.
Before that, Lindberg Eric J. Jr. had sold 6,051 shares from its account. In a trade valued at $68,618, the Director traded Grocery Outlet Holding Corp shares for $11.34 each. Upon closing the transaction, the insider’s holdings decreased to 6,051 shares, worth approximately $2.23 million.
As published in a research note from Deutsche Bank on February 26, 2025, Grocery Outlet Holding Corp [GO] has been rated down from a Buy to a Hold and the price target has been revised to $12. Analysts at TD Cowen downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early November. As of October 30, 2024, Telsey Advisory Group has decreased its “an Outperform” rating to a “Market perform” for GO. Earlier on October 30, 2024, BofA Securities downgraded its rating. Their new recommendation was “a Neutral” for GO stock which previously was a “a Buy”.
Analyzing GO Stock Performance
During the last five days, there has been a drop of approximately -2.54%. Over the course of the year, Grocery Outlet Holding Corp shares have dropped approximately -26.14%. Shares of the company reached a 52-week high of $17.69 on 02/11/25 and a 52-week low of $10.26 on 02/26/25. A 50-day SMA is recorded $15.59, while a 200-day SMA reached $18.10.
Support And Resistance Levels for Grocery Outlet Holding Corp (GO)
According to the 24-hour chart, there is a support level at 11.25, which, if violated, would cause prices to drop to 10.97. In the upper region, resistance lies at 11.75. The next price resistance is at 11.97. RSI (Relative Strength Index) is 27.30 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.29, which suggests the price will decrease in the coming days. Percent R is at 82.41%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
