In a filing, Pool Corporation revealed its General Counsel/Secretary NEIL JENNIFER M unloaded Company’s shares for reported $0.44 million on Mar 01 ’24. In the deal valued at $401.00 per share,1,100 shares were sold. As a result of this transaction, NEIL JENNIFER M now holds 8,622 shares worth roughly $3.45 million.
Then, PEREZ DE LA MESA MANUEL J sold 3,512 shares, generating $1,362,937 in total proceeds. Upon selling the shares at $388.08, the Director now owns 62,577 shares.
Before that, PEREZ DE LA MESA MANUEL J sold 33,988 shares. Pool Corporation shares valued at $13,157,646 were divested by the Director at a price of $387.13 per share. As a result of the transaction, PEREZ DE LA MESA MANUEL J now holds 62,577 shares, worth roughly $25.04 million.
Loop Capital downgraded its Pool Corporation [POOL] rating to a Hold from a a Buy in a research note published on January 08, 2024; the price target was increased to $415 from $380. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who began to cover the stock in mid December with a ‘”an Equal weight”‘ rating. Deutsche Bank also remained covering POOL and has decreased its forecast on December 08, 2023 with a “Hold” recommendation from previously “Buy” rating. Stephens revised its rating on April 21, 2023. It rated POOL as “an Overweight” which previously was an “an Equal-weight”.
Price Performance Review of POOL
On Tuesday, Pool Corporation [NASDAQ:POOL] saw its stock jump 0.82% to $400.08. Over the last five days, the stock has gained 2.14%. Pool Corporation shares have risen nearly 0.34% since the year began. Nevertheless, the stocks have risen 22.63% over the past one year. While a 52-week high of $422.73 was reached on 03/08/24, a 52-week low of $307.77 was recorded on 02/02/24. SMA at 50 days reached $394.50, while 200 days put it at $369.09. A total of 0.28 million shares were traded, compared to the trading of 0.37 million shares in the previous session.
Levels Of Support And Resistance For POOL Stock
The 24-hour chart illustrates a support level at 397.14, which if violated will result in even more drops to 394.19. On the upside, there is a resistance level at 402.74. A further resistance level may holdings at 405.39. The Relative Strength Index (RSI) on the 14-day chart is 50.22, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.64, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 62.71%. Stochastics %K at 30.21% indicates the stock is a holding.
How much short interest is there in Pool Corporation?
A steep rise in short interest was recorded in Pool Corporation stocks on Mar 28, 2024, dropping by -0.36 million shares to a total of 3.5 million shares. Yahoo Finance data shows the prior-month short interest on Feb 29, 2024 was 3.86 million shares. There was a decline of -10.29%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 10.65% of the overall stock float, the days-to-cover ratio (short ratio) fell to 10.38.
