Spectrum Brands Holdings Inc.’s recently made public that its Executive Chairman and CEO Maura David M acquired Company’s shares for reported $1.34 million on Nov 28 ’23. In the deal valued at $67.03 per share,20,000 shares were bought. As a result of this transaction, Maura David M now holds 764,391 shares worth roughly $64.21 million.
Then, Maura David M bought 20,000 shares, generating $1,328,100 in total proceeds. Upon buying the shares at $66.41, the Executive Chairman and CEO now owns 744,391 shares.
Before that, Zargar Ehsan bought 1,053 shares. Spectrum Brands Holdings Inc. shares valued at $70,024 were divested by the EVP, GC & Corporate Secretary at a price of $66.50 per share. As a result of the transaction, Zargar Ehsan now holds 145,415 shares, worth roughly $12.21 million.
Monness Crespi & Hardt reiterated its Spectrum Brands Holdings Inc. [SPB] rating to a Buy in a research note published on February 09, 2024; the price target was $98. A number of analysts have revised their coverage, including Canaccord Genuity’s analysts, who decreased its forecast for the stock in early February from “a Buy” to “a Hold”. Wells Fargo also remained covering SPB and has decreased its forecast on November 20, 2023 with a “an Equal weight” recommendation from previously “an Overweight” rating.
Price Performance Review of SPB
On Tuesday, Spectrum Brands Holdings Inc. [NYSE:SPB] saw its stock jump 0.32% to $84.00. Over the last five days, the stock has lost -1.28%. Spectrum Brands Holdings Inc. shares have risen nearly 5.30% since the year began. Nevertheless, the stocks have risen 27.49% over the past one year. While a 52-week high of $89.64 was reached on 03/28/24, a 52-week low of $63.64 was recorded on 01/23/24. SMA at 50 days reached $83.28, while 200 days put it at $78.76. A total of 0.27 million shares were traded, compared to the trading of 0.35 million shares in the previous session.
Levels Of Support And Resistance For SPB Stock
The 24-hour chart illustrates a support level at 83.32, which if violated will result in even more drops to 82.63. On the upside, there is a resistance level at 84.73. A further resistance level may holdings at 85.46. The Relative Strength Index (RSI) on the 14-day chart is 47.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.89%. Stochastics %K at 11.86% indicates the stock is a buying.
How much short interest is there in Spectrum Brands Holdings Inc.?
A steep rise in short interest was recorded in Spectrum Brands Holdings Inc. stocks on Mar 15, 2024, dropping by 40000.0 shares to a total of 2.28 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 2.32 million shares. There was a decline of -1.75%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 9.12% of the overall stock float, the days-to-cover ratio (short ratio) fell to 5.75.
The most recent change occurred on March 30, 2023 when Wolfe Research began covering the stock and recommended ‘”a Peer perform”‘ rating .
