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. Sportsman’s Warehouse Holdings Inc shares valued at $51,000 were purchased by MCBEE RICHARD D on Sep 10 ’24. At $2.55 per share, MCBEE RICHARD D acquired 20,000 shares. The insider’s holdings grew to 205,608 shares worth approximately $0.5 million following the completion of this transaction.
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Also, Stone Paul purchased 39,920 shares, netting a total of over 101,225 in proceeds. Following the buying of shares at $2.54 each, the insider now holds 904,157 shares.
Before that, Bejar Martha Helena had sold 17,000 shares from its account. In a trade valued at $45,373, the Director traded Sportsman’s Warehouse Holdings Inc shares for $2.67 each. Upon closing the transaction, the insider’s holdings decreased to 17,000 shares, worth approximately $0.16 million.
As published in their initiating research note from ROTH MKM on June 03, 2024, Sportsman’s Warehouse Holdings Inc [SPWH] has been a Buy and the price target has been revised to $5. As of April 13, 2023, Craig Hallum has decreased its “Buy” rating to a “Hold” for SPWH. Earlier on May 17, 2022, B. Riley Securities initiated its rating. Their recommendation was “a Buy” for SPWH stock.
Analyzing SPWH Stock Performance
During the last five days, there has been a drop of approximately -13.43%. Over the course of the year, Sportsman’s Warehouse Holdings Inc shares have dropped approximately -42.49%. Shares of the company reached a 52-week high of $4.62 on 01/02/24 and a 52-week low of $1.81 on 08/14/24. A 50-day SMA is recorded $2.41, while a 200-day SMA reached $3.14. Nevertheless, trading volume fell to 1.03 million shares from 0.26 million shares the previous day.
Support And Resistance Levels for Sportsman’s Warehouse Holdings Inc (SPWH)
According to the 24-hour chart, there is a support level at 2.27, which, if violated, would cause prices to drop to 2.09. In the upper region, resistance lies at 2.58. The next price resistance is at 2.71. RSI (Relative Strength Index) is 43.50 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.30, which suggests the price will decrease in the coming days. Percent R is at 77.45%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
