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. Camping World Holdings Inc shares valued at $2,562,887 were sold by LEMONIS MARCUS on Mar 15 ’24. At $25.63 per share, LEMONIS MARCUS sold 100,000 shares. The insider’s holdings dropped to 405,268 shares worth approximately $9.6 million following the completion of this transaction.
Also, SCHICKLI KENT DILLON sold 10,101 shares, netting a total of over 272,727 in proceeds. Following the sale of shares at $27.00 each, the insider now holds 72,124 shares.
As published in a research note from Stephens on January 18, 2024, Camping World Holdings Inc [CWH] has been retained to an Overweight and the price target has been revised to $28. Analysts at ROTH MKM started covering the stock with ‘”a Buy”‘ outlook in a report released in mid December. As of September 01, 2023, Citigroup has initiated its “Buy” rating for CWH. Earlier on August 07, 2023, Truist upgraded its rating. Their new recommendation was “a Buy” for CWH stock which previously was a “a Hold”.
Analyzing CWH Stock Performance
During the last five days, there has been a drop of approximately -8.57%. Over the course of the year, Camping World Holdings Inc shares have dropped approximately -9.82%. Shares of the company reached a 52-week high of $28.72 on 03/08/24 and a 52-week low of $23.01 on 04/11/24. A 50-day SMA is recorded $26.03, while a 200-day SMA reached $24.51. Nevertheless, trading volume fell to 1.25 million shares from 0.66 million shares the previous day.
Support And Resistance Levels for Camping World Holdings Inc (CWH)
According to the 24-hour chart, there is a support level at 23.16, which, if violated, would cause prices to drop to 22.64. In the upper region, resistance lies at 24.05. The next price resistance is at 24.42. RSI (Relative Strength Index) is 35.32 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.57, which suggests the price will decrease in the coming days. Percent R is at 87.41%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Camping World Holdings Inc subject to short interest?
Stocks of Camping World Holdings Inc saw a sharp rise in short interest on Mar 15, 2024 jumping by 0.57 million shares to 7.94 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 7.37 million shares. A jump of 7.18% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 7.39 of the overall float, the days-to-cover ratio (short ratio) jumped to 7.39.
