Piper Sandler gives a Neutral recommendation for Sleep Number Corp (SNBR)

Sleep Number Corp’s recent filing unveils that its EVP & CFO Lee Francis K acquired Company’s shares for reported $51263.0 on May 07 ’25. In the deal valued at $7.12 per share,7,200 shares were bought. As a result of this transaction, Lee Francis K now holds 92,970 shares worth roughly $0.84 million.

Then, Findley Linda bought 61,020 shares, generating $434,420 in total proceeds. Upon buying the shares at $7.12, the President and CEO now owns 604,106 shares.

Before that, Findley Linda bought 43,500 shares. Sleep Number Corp shares valued at $316,858 were divested by the President and CEO at a price of $7.28 per share. As a result of the transaction, Findley Linda now holds 647,606 shares, worth roughly $5.86 million.

Piper Sandler downgraded its Sleep Number Corp [SNBR] rating to a Neutral from a an Overweight in a research note published on April 21, 2022; the price target was decreased to $49 from $62. A number of analysts have revised their coverage, including Wedbush’s analysts, who decreased its forecast for the stock in late March from “an Outperform” to “a Neutral”. Wedbush also remained covering SNBR and has increased its forecast on February 04, 2022 with a “an Outperform” recommendation from previously “Neutral” rating. UBS revised its rating on February 18, 2021. It rated SNBR as “a Neutral” which previously was an “a Sell”.

Price Performance Review of SNBR

On Monday, Sleep Number Corp [NASDAQ:SNBR] saw its stock jump 13.27% to $9.05. Over the last five days, the stock has gained 28.01%. Sleep Number Corp shares have fallen nearly -40.62% since the year began. Nevertheless, the stocks have fallen -33.50% over the past one year. While a 52-week high of $20.75 was reached on 01/27/25, a 52-week low of $4.48 was recorded on 04/09/25. SMA at 50 days reached $6.92, while 200 days put it at $13.28.

Levels Of Support And Resistance For SNBR Stock

The 24-hour chart illustrates a support level at 8.60, which if violated will result in even more drops to 8.14. On the upside, there is a resistance level at 9.30. A further resistance level may holdings at 9.55. The Relative Strength Index (RSI) on the 14-day chart is 68.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.84, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 1.41%. Stochastics %K at 83.62% indicates the stock is a selling.

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