Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Leslies Inc shares valued at $346,410 were purchased by Egeck Michael R. on Aug 07 ’23. At $6.93 per share, Egeck Michael R. acquired 50,000 shares. The insider’s holdings grew to 2,391,814 shares worth approximately $13.2 million following the completion of this transaction.
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Also, Weddell Steven M purchased 25,000 shares, netting a total of over 173,078 in proceeds. Following the buying of shares at $6.92 each, the insider now holds 1,436,377 shares.
As published in their initiating research note from Mizuho on March 19, 2024, Leslies Inc [LESL] has been a Neutral and the price target has been revised to $7. Analysts at Telsey Advisory Group resumed the stock at ‘”a Market perform”‘ outlook in a report released in late November. As of November 29, 2023, Goldman has decreased its “Buy” rating to a “Neutral” for LESL. Earlier on July 18, 2023, Loop Capital downgraded its rating. Their new recommendation was “a Hold” for LESL stock which previously was a “a Buy”.
Analyzing LESL Stock Performance
During the last five days, there has been a surge of approximately 4.55%. Over the course of the year, Leslies Inc shares have dropped approximately -20.12%. Shares of the company reached a 52-week high of $8.21 on 02/12/24 and a 52-week low of $3.79 on 04/30/24. A 50-day SMA is recorded $5.05, while a 200-day SMA reached $5.92. Nevertheless, trading volume fell to 2.83 million shares from 2.71 million shares the previous day.
Support And Resistance Levels for Leslies Inc (LESL)
According to the 24-hour chart, there is a support level at 5.38, which, if violated, would cause prices to drop to 5.25. In the upper region, resistance lies at 5.72. The next price resistance is at 5.92. RSI (Relative Strength Index) is 55.94 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.32, which suggests the price will decrease in the coming days. Percent R is at 42.24%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
