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Logitech International S.A. (LOGI) gets rating Downgrade from JP Morgan

Logitech International S.A.’s recently made public that its Chief Financial Officer BOYNTON CHARLES D acquired Company’s shares for reported $99560.0 on May 03 ’24. In the deal valued at $81.27 per share,1,225 shares were bought. As a result of this transaction, BOYNTON CHARLES D now holds 1,225 shares worth roughly $0.11 million.

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Then, Harnett Samantha sold 100 shares, generating $8,818 in total proceeds. Upon selling the shares at $88.18, the CHIEF LEGAL OFFICER now owns 11,710 shares.

Before that, Harnett Samantha sold 100 shares. Logitech International S.A. shares valued at $9,046 were divested by the CHIEF LEGAL OFFICER at a price of $90.46 per share. As a result of the transaction, Harnett Samantha now holds 11,810 shares, worth roughly $1.05 million.

JP Morgan downgraded its Logitech International S.A. [LOGI] rating to a Neutral from a an Overweight in a research note published on May 01, 2024; the price target was decreased to $85 from $92. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who decreased its forecast for the stock in mid April from “a Hold” to “a Sell”. Morgan Stanley also remained covering LOGI and has decreased its forecast on April 15, 2024 with a “an Underweight” recommendation from previously “an Equal-weight” rating.

Price Performance Review of LOGI

On Tuesday, Logitech International S.A. [NASDAQ:LOGI] saw its stock jump 0.67% to $88.85. Over the last five days, the stock has lost -0.62%. Logitech International S.A. shares have fallen nearly -6.53% since the year began. Nevertheless, the stocks have risen 24.30% over the past one year. While a 52-week high of $102.59 was reached on 06/06/24, a 52-week low of $65.31 was recorded on 04/30/24. SMA at 50 days reached $94.96, while 200 days put it at $88.27. A total of 0.4 million shares were traded, compared to the trading of 0.3 million shares in the previous session.

Levels Of Support And Resistance For LOGI Stock

The 24-hour chart illustrates a support level at 88.37, which if violated will result in even more drops to 87.90. On the upside, there is a resistance level at 89.55. A further resistance level may holdings at 90.26. The Relative Strength Index (RSI) on the 14-day chart is 39.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.50, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 68.60%. Stochastics%K at 26.04% indicates the stock is a holding.

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