In a filing, Sally Beauty Holdings Inc revealed its Officer Mary Beth Edwards acquired Company’s shares for reported $0.25 million on Feb 13 ’25. In the deal valued at $9.50 per share,26,592 shares were bought.
Then, Sherman Scott C sold 13,500 shares, generating $195,615 in total proceeds. Upon selling the shares at $14.49, the insider now owns 42,431 shares.
Before that, McIntosh Kim sold 4,300 shares. Sally Beauty Holdings Inc shares valued at $62,479 were divested by the GVP, CONTROLLER & CAO at a price of $14.53 per share. As a result of the transaction, McIntosh Kim now holds 16,685 shares, worth roughly $0.14 million.
Canaccord Genuity initiated its Sally Beauty Holdings Inc [SBH] rating to a Buy in a research note published on January 16, 2025; the price target was $14. A number of analysts have revised their coverage, including TD Cowen’s analysts, who increased its forecast for the stock in late November from “a Hold” to “a Buy”. Raymond James also remained covering SBH and has increased its forecast on November 15, 2024 with a “Mkt perform” recommendation from previously “an Underperform” rating. Piper Sandler started covering the stock on December 15, 2022. It rated SBH as “an Overweight”.
Price Performance Review of SBH
On Tuesday, Sally Beauty Holdings Inc [NYSE:SBH] saw its stock fall -2.81% to $8.66. Over the last five days, the stock has lost -1.03%. Sally Beauty Holdings Inc shares have fallen nearly -17.13% since the year began. Nevertheless, the stocks have fallen -29.54% over the past one year. While a 52-week high of $14.79 was reached on 01/30/25, a 52-week low of $8.25 was recorded on 03/21/25. SMA at 50 days reached $9.81, while 200 days put it at $11.53.
Levels Of Support And Resistance For SBH Stock
The 24-hour chart illustrates a support level at 8.54, which if violated will result in even more drops to 8.42. On the upside, there is a resistance level at 8.84. A further resistance level may holdings at 9.02. The Relative Strength Index (RSI) on the 14-day chart is 41.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.27, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.76%. Stochastics %K at 31.23% indicates the stock is a holding.
How much short interest is there in Sally Beauty Holdings Inc?
A steep rise in short interest was recorded in Sally Beauty Holdings Inc stocks on 2025-02-28, dropping by -0.88 million shares to a total of 11.87 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 12.75 million shares. There was a decline of -7.37%, which implies that there is a negative sentiment for the stock.
