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Potential Price Increase for Smith & Wesson Brands Inc (SWBI) After Recent Insider Activity

Smith & Wesson Brands Inc’s recently made public that its Director ROBERT L SCOTT acquired Company’s shares for reported $32140.0 on Jul 29 ’24. In the deal valued at $16.07 per share,2,000 shares were bought.

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Then, SCOTT ROBERT L sold 2,000 shares, generating $32,140 in total proceeds. Upon selling the shares at $16.07, the Director now owns 67,569 shares.

Before that, SCOTT ROBERT L sold 2,000 shares. Smith & Wesson Brands Inc shares valued at $29,600 were divested by the Director at a price of $14.80 per share. As a result of the transaction, SCOTT ROBERT L now holds 69,569 shares, worth roughly $1.02 million.

Craig Hallum upgraded its Smith & Wesson Brands Inc [SWBI] rating to a Buy from a a Hold in a research note published on March 08, 2024; the price target was increased to $18 from $14. A number of analysts have revised their coverage, including Lake Street’s analysts, who remained covering the stock and in early December has reiterated a ‘”a Buy”‘ rating for it. Cowen also remained covering SWBI and has decreased its forecast on December 03, 2021 with a “Market perform” recommendation from previously “an Outperform” rating. Craig Hallum maintained its rating on September 02, 2021. It rated SWBI as “a Hold”.

Price Performance Review of SWBI

On Tuesday, Smith & Wesson Brands Inc [NASDAQ:SWBI] saw its stock fall -0.41% to $14.72. Over the last five days, the stock has gained 0.27%. Smith & Wesson Brands Inc shares have risen nearly 8.55% since the year began. Nevertheless, the stocks have risen 14.73% over the past one year. While a 52-week high of $18.05 was reached on 03/21/24, a 52-week low of $10.38 was recorded on 02/05/24. SMA at 50 days reached $15.32, while 200 days put it at $15.01.

Levels Of Support And Resistance For SWBI Stock

The 24-hour chart illustrates a support level at 14.63, which if violated will result in even more drops to 14.55. On the upside, there is a resistance level at 14.83. A further resistance level may holdings at 14.95. The Relative Strength Index (RSI) on the 14-day chart is 41.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.68, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.03%. Stochastics%K at 12.39% indicates the stock is a buying.

How much short interest is there in Smith & Wesson Brands Inc?

A steep rise in short interest was recorded in Smith & Wesson Brands Inc stocks on , growing by 0.12 million shares to a total of 1.32 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 1.2 million shares. There was a rise of 9.23%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on June 18, 2021 when Cowen resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $30.50.

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