Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Sweetgreen Inc shares valued at $288,787 were sold by Reback Mitch on Feb 18 ’25. At $26.43 per share, Reback Mitch sold 10,926 shares. The insider’s holdings dropped to 344,055 shares worth approximately $7.92 million following the completion of this transaction.
Also, Mitch Reback purchased 6,926 shares, netting a total of over 188,249 in proceeds.
Before that, Reback Mitch had sold 8,000 shares from its account. In a trade valued at $265,072, the CHIEF FINANCIAL OFFICER traded Sweetgreen Inc shares for $33.13 each. Upon closing the transaction, the insider’s holdings decreased to 8,000 shares, worth approximately $8.08 million.
As published in a research note from Goldman on February 27, 2025, Sweetgreen Inc [SG] has been retained to a Neutral and the price target has been revised to $32. Analysts at Citigroup upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early January. As of December 11, 2024, KeyBanc Capital Markets has initiated its “Sector weight” rating for SG. Earlier on November 08, 2024, Goldman downgraded its rating. Their new recommendation was “a Neutral” for SG stock which previously was a “a Buy”.
Analyzing SG Stock Performance
During the last five days, there has been a drop of approximately -0.56%. Over the course of the year, Sweetgreen Inc shares have dropped approximately -28.23%. Shares of the company reached a 52-week high of $35.95 on 01/06/25 and a 52-week low of $20.06 on 03/04/25. A 50-day SMA is recorded $29.53, while a 200-day SMA reached $32.39.
Support And Resistance Levels for Sweetgreen Inc (SG)
According to the 24-hour chart, there is a support level at 21.84, which, if violated, would cause prices to drop to 20.67. In the upper region, resistance lies at 23.66. The next price resistance is at 24.31. RSI (Relative Strength Index) is 36.96 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.37, which suggests the price will decrease in the coming days. Percent R is at 60.30%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
