The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Hayward Holdings Inc. shares valued at $1,951,489 were sold by Jones Eifion on Jun 17. At $13.89 per share, Jones Eifion sold 140,501 shares. The insider’s holdings dropped to 175,282 shares worth approximately $2.49 million following the completion of this transaction.
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Also, Billow Lesley sold 968 shares, netting a total of over 14,578 in proceeds. Following the sale of shares at $15.06 each, the insider now holds 49,097 shares.
Before that, Billow Lesley had sold 968 shares from its account. In a trade valued at $15,304, the SVP, Chief HR Officer traded Hayward Holdings Inc. shares for $15.81 each. Upon closing the transaction, the insider’s holdings decreased to 968 shares, worth approximately $0.7 million.
As published in their initiating research note from Credit Suisse on April 05, 2022, Hayward Holdings Inc. [HAYW] has been an Outperform and the price target has been revised to $21. This represents a 32.48% premium over Wednesday’s closing price. Analysts at BofA Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late January. As of December 20, 2021, Jefferies has decreased its “Buy” rating to a “Hold” for HAYW.
Analyzing HAYW’s Price Performance
On Wednesday, Hayward Holdings Inc. [NYSE: HAYW] rose 0.93% to $14.18. The stock’s lowest price that day was $13.78, but it reached a high of $14.31 in the same session. During the last five days, there has been a drop of approximately -4.96%. Over the course of the year, Hayward Holdings Inc. shares have dropped approximately -45.94%. Shares of the company reached a 52-week high of $26.38 on 01/03/22 and a 52-week low of $13.21 on 05/12/22. A 50-day SMA is recorded $15.31, while a 200-day SMA reached $19.91. Nevertheless, trading volume fell to 1.63 million shares from 1.54 million shares the previous day.
Support And Resistance Levels for Hayward Holdings Inc. (HAYW)
According to the 24-hour chart, there is a support level at 13.87, which, if violated, would cause prices to drop to 13.56. In the upper region, resistance lies at 14.40. The next price resistance is at 14.62. RSI (Relative Strength Index) is 40.93 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.17, which suggests the price will decrease in the coming days. Percent R is at 76.74%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Hayward Holdings Inc. subject to short interest?
Stocks of Hayward Holdings Inc. saw a sharp rise in short interest on Apr 28, 2022 jumping by 3.0 million shares to 11.56 million. Data from Yahoo Finance shows that the short interest on Mar 30, 2022 was 8.56 million shares. A jump of 25.95% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 9.85 of the overall float, the days-to-cover ratio (short ratio) jumped to 9.85.
Which companies own the most shares of Hayward Holdings Inc. (HAYW)?
According to Alberta Investment Management Cor filings, the company currently owns 25,728,572 shares, which is about 11.36% of the total HAYW shares outstanding. The investor’s shares have plunged by -9,662,819 from its previous 13-F filing of 35391391.0 shares. With the completion of the buy, Neuberger Berman Investment Advis’s stake is now worth $115,877,197. The Vanguard Group, Inc. acquire a 0.42% interest valued at $110.13 million while JPMorgan Investment Management, I purchased a 648,050 stake. A total of 645,639 shares of Hayward Holdings Inc. were bought by AllianceBernstein LP during the quarter, and 457,122 were bought by Threadneedle Asset Management Ltd. In its current portfolio, ClearBridge Investments LLC holds 2,619,124 shares valued at $40.07 million.
In terms of Hayward Holdings Inc. share price expectations, FactSet research, analysts set an average price target of $20.10 in the next 12 months, up nearly 45.91% from the previous closing price of $14.05. Analysts anticipate Hayward Holdings Inc. stock to reach $26.00 by 2022, with the lowest price target being $15.00. In spite of this, 11 analysts ranked Hayward Holdings Inc. stock as an Overweight at the end of 2022. On June 09, 2021, BMO Capital Markets assigned a price target of “a Market perform” to the stock and initiated coverage with a $26.