Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Hayward Holdings Inc shares valued at $929,961 were sold by HOLLERAN KEVIN on Apr 01 ’24. At $15.14 per share, HOLLERAN KEVIN sold 61,429 shares. The insider’s holdings dropped to 522,799 shares worth approximately $7.33 million following the completion of this transaction.
Also, HOLLERAN KEVIN sold 42,858 shares, netting a total of over 612,162 in proceeds. Following the sale of shares at $14.28 each, the insider now holds 522,799 shares.
Before that, BLASCO FERNANDO had sold 9,250 shares from its account. In a trade valued at $133,067, the VP&GM, Europe & Rest of World traded Hayward Holdings Inc shares for $14.39 each. Upon closing the transaction, the insider’s holdings decreased to 9,250 shares, worth approximately $0.21 million.
As published in a research note from Jefferies on January 11, 2024, Hayward Holdings Inc [HAYW] has been rated down from a Buy to a Hold and the price target has been revised to $14 from $15. Analysts at Stifel downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in mid December. As of August 03, 2023, Stifel has increased its “Hold” rating to a “Buy” for HAYW. Earlier on February 06, 2023, Stifel downgraded its rating. Their new recommendation was “a Hold” for HAYW stock which previously was a “a Buy”.
Analyzing HAYW Stock Performance
During the last five days, there has been a drop of approximately -3.11%. Over the course of the year, Hayward Holdings Inc shares have jumped approximately 3.16%. Shares of the company reached a 52-week high of $16.04 on 02/29/24 and a 52-week low of $11.81 on 01/17/24. A 50-day SMA is recorded $13.88, while a 200-day SMA reached $13.18. Nevertheless, trading volume fell to 1.36 million shares from 0.83 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 13.90, which, if violated, would cause prices to drop to 13.77. In the upper region, resistance lies at 14.15. The next price resistance is at 14.28. RSI (Relative Strength Index) is 43.72 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.56, which suggests the price will decrease in the coming days. Percent R is at 89.86%, 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 steep in short interest on Mar 15, 2024 dropping by -1.02 million shares to 18.89 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 19.91 million shares. A decline of -5.4% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 11.65 of the overall float, the days-to-cover ratio (short ratio) decline to 11.65.
