Scotts Miracle-Gro Company’s filing revealed that its Director Hagedorn Partnership, L.P. unloaded Company’s shares for reported $4.19 million on Feb 13 ’25. In the deal valued at $66.70 per share,62,877 shares were sold. As a result of this transaction, Hagedorn Partnership, L.P. now holds 13,369,274 shares worth roughly $700.82 million.
Then, Sandoval Brian E sold 1,513 shares, generating $99,646 in total proceeds. Upon selling the shares at $65.86, the Director now owns 13,039 shares.
Before that, Sandoval Brian E bought 1,513 shares. Scotts Miracle-Gro Company shares valued at $99,645 were divested by the Director at a price of $65.86 per share.
Jefferies upgraded its Scotts Miracle-Gro Company [SMG] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Truist’s analysts, who increased its forecast for the stock in early April from “a Hold” to “a Buy”. Stifel also remained covering SMG and has increased its forecast on March 04, 2025 with a “Buy” recommendation from previously “Hold” rating. Jefferies started covering the stock on December 09, 2024. It rated SMG as “a Hold”.
Price Performance Review of SMG
On Monday, Scotts Miracle-Gro Company [NYSE:SMG] saw its stock jump 1.96% to $52.42. Over the last five days, the stock has lost -4.50%. Scotts Miracle-Gro Company shares have fallen nearly -20.98% since the year began. Nevertheless, the stocks have fallen -29.22% over the past one year. While a 52-week high of $93.90 was reached on 01/29/25, a 52-week low of $49.39 was recorded on 04/04/25. SMA at 50 days reached $62.22, while 200 days put it at $70.85.
Levels Of Support And Resistance For SMG Stock
The 24-hour chart illustrates a support level at 49.83, which if violated will result in even more drops to 47.23. On the upside, there is a resistance level at 54.85. A further resistance level may holdings at 57.27. The Relative Strength Index (RSI) on the 14-day chart is 33.92, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.83, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.39%. Stochastics %K at 15.40% indicates the stock is a buying.
How much short interest is there in Scotts Miracle-Gro Company?
A steep rise in short interest was recorded in Scotts Miracle-Gro Company stocks on 2025-03-14, growing by 0.92 million shares to a total of 3.98 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 3.06 million shares. There was a rise of 23.1%, which implies that there is a positive sentiment for the stock.
