Grocery Outlet Holding Corp’s recently made public that its EVP, Chief Purchasing Officer Wilson Steven K. unloaded Company’s shares for reported $87935.0 on Mar 10 ’25. In the deal valued at $13.16 per share,6,682 shares were sold. As a result of this transaction, Wilson Steven K. now holds 166,923 shares worth roughly $2.0 million.
Then, Thompson Luke D sold 1,133 shares, generating $14,910 in total proceeds. Upon selling the shares at $13.16, the EVP, GC and Secretary now owns 31,167 shares.
Before that, Lindberg Eric J. Jr. sold 35,438 shares. Grocery Outlet Holding Corp shares valued at $466,364 were divested by the Director at a price of $13.16 per share. As a result of the transaction, Lindberg Eric J. Jr. now holds 158,013 shares, worth roughly $1.89 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 Friday, Grocery Outlet Holding Corp [NASDAQ:GO] saw its stock fall -3.54% to $11.99. Over the last five days, the stock has lost -8.47%. Grocery Outlet Holding Corp shares have fallen nearly -23.19% since the year began. Nevertheless, the stocks have fallen -54.96% 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 $15.22, while 200 days put it at $17.81.
Levels Of Support And Resistance For GO Stock
The 24-hour chart illustrates a support level at 11.75, which if violated will result in even more drops to 11.52. On the upside, there is a resistance level at 12.37. A further resistance level may holdings at 12.76. The Relative Strength Index (RSI) on the 14-day chart is 36.89, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 70.97%. Stochastics %K at 32.98% indicates the stock is a holding.
How much short interest is there in Grocery Outlet Holding Corp?
A steep rise in short interest was recorded in Grocery Outlet Holding Corp stocks on 2025-02-28, growing by 1.58 million shares to a total of 11.81 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 10.23 million shares. There was a rise of 13.35%, which implies that there is a positive sentiment for the stock.
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.
