Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Logitech International S.A. shares valued at $8,818 were sold by Harnett Samantha on Apr 08 ’24. At $88.18 per share, Harnett Samantha sold 100 shares. The insider’s holdings dropped to 11,710 shares worth approximately $0.91 million following the completion of this transaction.
Also, Harnett Samantha sold 100 shares, netting a total of over 9,046 in proceeds. Following the sale of shares at $90.46 each, the insider now holds 11,810 shares.
Before that, Arunkundrum Prakash had sold 23,023 shares from its account. In a trade valued at $2,072,070, the CHIEF OPERATING OFFICER traded Logitech International S.A. shares for $90.00 each. Upon closing the transaction, the insider’s holdings decreased to 23,023 shares, worth approximately $4.77 million.
As published in a research note from Deutsche Bank on April 16, 2024, Logitech International S.A. [LOGI] has been rated down from a Hold to a Sell. Analysts at Morgan Stanley downgraded the stock from ‘”an Equal-weight”‘ to ‘”an Underweight”‘ outlook in a report released in mid April. Earlier on June 14, 2023, Citigroup downgraded its rating. Their new recommendation was “a Neutral” for LOGI stock which previously was a “a Buy”.
Analyzing LOGI Stock Performance
During the last five days, there has been a drop of approximately -10.67%. Over the course of the year, Logitech International S.A. shares have dropped approximately -17.86%. Shares of the company reached a 52-week high of $96.66 on 01/22/24 and a 52-week low of $77.69 on 04/18/24. A 50-day SMA is recorded $87.88, while a 200-day SMA reached $80.03. Nevertheless, trading volume fell to 0.66 million shares from 1.01 million shares the previous day.
Support And Resistance Levels for Logitech International S.A. (LOGI)
According to the 24-hour chart, there is a support level at 77.52, which, if violated, would cause prices to drop to 76.96. In the upper region, resistance lies at 78.82. The next price resistance is at 79.55. RSI (Relative Strength Index) is 27.72 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -6.63, which suggests the price will decrease in the coming days. Percent R is at 97.03%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
