In a filing, Logitech International S.A. revealed 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 $0.95 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 $4.96 million.
Morgan Stanley downgraded its Logitech International S.A. [LOGI] rating to an Underweight from a an Equal-weight in a research note published on April 15, 2024; the price target was decreased to $75 from $85. Citigroup also remained covering LOGI and has decreased its forecast on June 14, 2023 with a “Neutral” recommendation from previously “Buy” rating. UBS revised its rating on May 03, 2023. It rated LOGI as “a Sell” which previously was an “a Neutral”.
Price Performance Review of LOGI
On Monday, Logitech International S.A. [NASDAQ:LOGI] saw its stock fall -6.43% to $81.26. Over the last five days, the stock has lost -7.39%. Logitech International S.A. shares have fallen nearly -14.52% since the year began. Nevertheless, the stocks have risen 39.91% 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 04/15/24. SMA at 50 days reached $88.21, while 200 days put it at $79.73. A total of 1.22 million shares were traded, compared to the trading of 0.24 million shares in the previous session.
Levels Of Support And Resistance For LOGI Stock
The 24-hour chart illustrates a support level at 79.81, which if violated will result in even more drops to 78.35. On the upside, there is a resistance level at 83.25. A further resistance level may holdings at 85.24. The Relative Strength Index (RSI) on the 14-day chart is 32.46, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.66, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.79%. Stochastics %K at 16.38% indicates the stock is a buying.
