Logitech International S.A.’s recently made public that its CHIEF LEGAL OFFICER Harnett Samantha unloaded Company’s shares for reported $8818.0 on Apr 08 ’24. In the deal valued at $88.18 per share,100 shares were sold. As a result of this transaction, Harnett Samantha now holds 11,710 shares worth roughly $1.04 million.
Then, Harnett Samantha sold 100 shares, generating $9,046 in total proceeds. Upon selling the shares at $90.46, the CHIEF LEGAL OFFICER now owns 11,810 shares.
Before that, Arunkundrum Prakash sold 23,023 shares. Logitech International S.A. shares valued at $2,072,070 were divested by the CHIEF OPERATING OFFICER at a price of $90.00 per share. As a result of the transaction, Arunkundrum Prakash now holds 61,056 shares, worth roughly $5.41 million.
A number of analysts have revised their coverage, including Citigroup’s analysts, who decreased its forecast for the stock in mid June from “a Buy” to “a Neutral”. UBS also remained covering LOGI and has decreased its forecast on May 03, 2023 with a “Sell” recommendation from previously “Neutral” rating. Morgan Stanley revised its rating on May 01, 2023. It rated LOGI as “an Equal-weight” which previously was an “an Underweight”.
Price Performance Review of LOGI
On Tuesday, Logitech International S.A. [NASDAQ:LOGI] saw its stock jump 0.93% to $88.56. Over the last five days, the stock has lost -0.16%. Logitech International S.A. shares have fallen nearly -6.84% since the year began. Nevertheless, the stocks have risen 55.31% over the past one year. While a 52-week high of $96.66 was reached on 01/22/24, a 52-week low of $53.91 was recorded on 01/29/24. SMA at 50 days reached $88.12, while 200 days put it at $79.15. A total of 0.27 million shares were traded, compared to the trading of 0.39 million shares in the previous session.
Levels Of Support And Resistance For LOGI Stock
The 24-hour chart illustrates a support level at 87.83, which if violated will result in even more drops to 87.09. On the upside, there is a resistance level at 88.94. A further resistance level may holdings at 89.31. The Relative Strength Index (RSI) on the 14-day chart is 47.76, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.43, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 64.07%. Stochastics %K at 26.57% indicates the stock is a holding.
How much short interest is there in Logitech International S.A.?
A steep rise in short interest was recorded in Logitech International S.A. stocks on Mar 15, 2024, growing by 1.15 million shares to a total of 4.09 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 2.94 million shares. There was a rise of 28.12%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.65% of the overall stock float, the days-to-cover ratio (short ratio) rose to 9.76.
