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 $0.93 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 $4.82 million.
Deutsche Bank downgraded its Logitech International S.A. [LOGI] rating to a Sell from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in mid April from “an Equal-weight” to “an Underweight”. Citigroup revised its rating on June 14, 2023. It rated LOGI as “a Neutral” which previously was an “a Buy”.
Price Performance Review of LOGI
On Tuesday, Logitech International S.A. [NASDAQ:LOGI] saw its stock jump 1.00% to $79.01. Over the last five days, the stock has lost -0.85%. Logitech International S.A. shares have fallen nearly -16.88% since the year began. Nevertheless, the stocks have risen 38.69% 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 04/19/24. SMA at 50 days reached $87.51, while 200 days put it at $80.31. A total of 0.35 million shares were traded, compared to the trading of 0.45 million shares in the previous session.
Levels Of Support And Resistance For LOGI Stock
The 24-hour chart illustrates a support level at 78.18, which if violated will result in even more drops to 77.35. On the upside, there is a resistance level at 79.43. A further resistance level may holdings at 79.86. The Relative Strength Index (RSI) on the 14-day chart is 33.18, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.96, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.36%. Stochastics %K at 8.09% indicates the stock is a buying.
