Spectrum Brands Holdings Inc.’s recent filing unveils that its Executive Chairman and CEO Maura David M acquired Company’s shares for reported $1.34 million on Nov 28 ’23. In the deal valued at $67.03 per share,20,000 shares were bought. As a result of this transaction, Maura David M now holds 764,391 shares worth roughly $65.2 million.
Then, Maura David M bought 20,000 shares, generating $1,328,100 in total proceeds. Upon buying the shares at $66.41, the Executive Chairman and CEO now owns 744,391 shares.
Before that, Zargar Ehsan bought 1,053 shares. Spectrum Brands Holdings Inc. shares valued at $70,024 were divested by the EVP, GC & Corporate Secretary at a price of $66.50 per share. As a result of the transaction, Zargar Ehsan now holds 145,415 shares, worth roughly $12.4 million.
Monness Crespi & Hardt reiterated its Spectrum Brands Holdings Inc. [SPB] rating to a Buy in a research note published on February 09, 2024; the price target was $98. A number of analysts have revised their coverage, including Canaccord Genuity’s analysts, who decreased its forecast for the stock in early February from “a Buy” to “a Hold”. Wells Fargo also remained covering SPB and has decreased its forecast on November 20, 2023 with a “an Equal weight” recommendation from previously “an Overweight” rating.
Price Performance Review of SPB
On Tuesday, Spectrum Brands Holdings Inc. [NYSE:SPB] saw its stock fall -0.11% to $85.30. Over the last five days, the stock has gained 4.19%. Spectrum Brands Holdings Inc. shares have risen nearly 6.93% since the year began. Nevertheless, the stocks have risen 21.22% over the past one year. While a 52-week high of $89.64 was reached on 03/28/24, a 52-week low of $65.27 was recorded on 01/23/24. SMA at 50 days reached $83.05, while 200 days put it at $79.14. A total of 0.27 million shares were traded, compared to the trading of 0.35 million shares in the previous session.
Levels Of Support And Resistance For SPB Stock
The 24-hour chart illustrates a support level at 84.74, which if violated will result in even more drops to 84.19. On the upside, there is a resistance level at 86.02. A further resistance level may holdings at 86.75. The Relative Strength Index (RSI) on the 14-day chart is 62.40, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.82, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 12.02%. Stochastics %K at 90.64% indicates the stock is a selling.
The most recent change occurred on March 30, 2023 when Wolfe Research began covering the stock and recommended ‘”a Peer perform”‘ rating.
