The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Solo Brands Inc shares valued at $175,274 were purchased by METZ CHRISTOPHER T on Aug 12 ’24. At $1.30 per share, METZ CHRISTOPHER T acquired 134,826 shares. The insider’s holdings grew to 500,000 shares worth approximately $0.74 million following the completion of this transaction.
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Also, METZ CHRISTOPHER T purchased 115,174 shares, netting a total of over 149,530 in proceeds. Following the buying of shares at $1.30 each, the insider now holds 365,174 shares.
Before that, METZ CHRISTOPHER T had added 52,366 shares to its account. In a trade valued at $101,721, the President & CEO bought Solo Brands Inc shares for $1.94 each. Upon closing the transaction, the insider’s holdings increased to 52,366 shares, worth approximately $0.23 million.
As published in a research note from JP Morgan on February 02, 2024, Solo Brands Inc [DTC] has been rated down from an Overweight to an Underweight. Analysts at Jefferies downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early January. As of January 10, 2024, Citigroup has decreased its “Buy” rating to a “Neutral” for DTC. Earlier on January 08, 2024, William Blair downgraded its rating. Their new recommendation was “a Mkt perform” for DTC stock which previously was a “an Outperform”.
Analyzing DTC Stock Performance
During the last five days, there has been a drop of approximately -5.73%. Over the course of the year, Solo Brands Inc shares have dropped approximately -75.97%. Shares of the company reached a 52-week high of $6.2250 on 01/02/24 and a 52-week low of $1.0800 on 08/07/24. A 50-day SMA is recorded $1.6824, while a 200-day SMA reached $2.4499. Nevertheless, trading volume fell to 0.51 million shares from 0.22 million shares the previous day.
Support And Resistance Levels for Solo Brands Inc (DTC)
According to the 24-hour chart, there is a support level at 1.4233, which, if violated, would cause prices to drop to 1.3667. In the upper region, resistance lies at 1.5933. The next price resistance is at 1.7067. RSI (Relative Strength Index) is 46.03 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0071, which suggests the price will decrease in the coming days. Percent R is at 60.71%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
