Solo Brands Inc’s filing revealed that its President & CEO METZ CHRISTOPHER T acquired Company’s shares for reported $0.23 million on Mar 15 ’24. In the deal valued at $2.27 per share,100,000 shares were bought. As a result of this transaction, METZ CHRISTOPHER T now holds 100,000 shares worth roughly $0.2 million.
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Then, Webb Somer sold 115,537 shares, generating $502,725 in total proceeds. Upon selling the shares at $4.35, the Chief Financial Officer now owns 58,793 shares.
JP Morgan downgraded its Solo Brands Inc [DTC] rating to an Underweight from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including Jefferies’s analysts, who decreased its forecast for the stock in early January from “a Buy” to “a Hold”. Citigroup also remained covering DTC and has decreased its forecast on January 10, 2024 with a “Neutral” recommendation from previously “Buy” rating. William Blair revised its rating on January 08, 2024. It rated DTC as “a Mkt perform” which previously was an “an Outperform”.
Price Performance Review of DTC
On Tuesday, Solo Brands Inc [NYSE:DTC] saw its stock jump 1.49% to $2.05. Over the last five days, the stock has gained 1.99%. Solo Brands Inc shares have fallen nearly -66.72% since the year began. Nevertheless, the stocks have fallen -59.72% over the past one year. While a 52-week high of $6.67 was reached on 01/02/24, a 52-week low of $1.74 was recorded on 04/19/24. SMA at 50 days reached $2.00, while 200 days put it at $3.82. A total of 0.39 million shares were traded, compared to the trading of 0.31 million shares in the previous session.
Levels Of Support And Resistance For DTC Stock
The 24-hour chart illustrates a support level at 2.00, which if violated will result in even more drops to 1.95. On the upside, there is a resistance level at 2.08. A further resistance level may holdings at 2.11. The Relative Strength Index (RSI) on the 14-day chart is 55.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 48.89%. Stochastics %K at 46.67% indicates the stock is a holding.
