In a filing, Stagwell Inc revealed its Director Gross Bradley J. unloaded Company’s shares for reported $25.36 million on Jun 13 ’24. In the deal valued at $6.34 per share,4,000,000 shares were sold. As a result of this transaction, Gross Bradley J. now holds 12,981,022 shares worth roughly $67.76 million.
Then, GOLDMAN SACHS GROUP INC sold 4,000,000 shares, generating $25,360,000 in total proceeds. Upon selling the shares at $6.34, the 10% Owner now owns 12,981,022 shares.
The Benchmark Company downgraded its Stagwell Inc [STGW] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who increased its forecast for the stock in late February from “an Equal weight” to “an Overweight”. Goldman began covering STGW with “Neutral” recommendation on June 25, 2024. Craig Hallum started covering the stock on October 06, 2023. It rated STGW as “a Buy”.
Price Performance Review of STGW
On Monday, Stagwell Inc [NASDAQ:STGW] saw its stock jump 7.19% to $5.22. Over the last five days, the stock has lost -8.90%. Stagwell Inc shares have fallen nearly -20.67% since the year began. Nevertheless, the stocks have fallen -25.11% over the past one year. While a 52-week high of $8.18 was reached on 02/27/25, a 52-week low of $4.69 was recorded on 05/09/25. SMA at 50 days reached $5.71, while 200 days put it at $6.56.
Levels Of Support And Resistance For STGW Stock
The 24-hour chart illustrates a support level at 5.08, which if violated will result in even more drops to 4.94. On the upside, there is a resistance level at 5.36. A further resistance level may holdings at 5.51. The Relative Strength Index (RSI) on the 14-day chart is 43.62, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.48, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 58.27%. Stochastics %K at 24.89% indicates the stock is a holding.
