Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Latham Group Inc shares valued at $169,066 were sold by Rajeski Scott Michael on Aug 26 ’24. At $6.54 per share, Rajeski Scott Michael sold 25,851 shares. The insider’s holdings dropped to 490,829 shares worth approximately $3.36 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Rajeski Scott Michael purchased 35,851 shares, netting a total of over 236,032 in proceeds.
Before that, Scott Michael Rajeski had added 33,000 shares to its account. In a trade valued at $201,022, the Chief Executive Officer, Direc bought Latham Group Inc shares for $6.09 each.
As published in a research note from Stifel on March 18, 2024, Latham Group Inc [SWIM] has been rated up from a Hold to a Buy and the price target has been revised to $4 from $3. Analysts at BofA Securities downgraded the stock from ‘”a Buy”‘ to ‘”an Underperform”‘ outlook in a report released in mid March. As of December 14, 2022, Barclays has decreased its “an Overweight” rating to a “an Equal weight” for SWIM. Earlier on December 13, 2022, Stifel initiated its rating. Their recommendation was “a Hold” for SWIM stock.
Analyzing SWIM Stock Performance
During the last five days, there has been a surge of approximately 4.91%. Over the course of the year, Latham Group Inc shares have jumped approximately 160.08%. Shares of the company reached a 52-week high of $7.13 on 10/10/24 and a 52-week low of $2.11 on 01/19/24. A 50-day SMA is recorded $5.93, while a 200-day SMA reached $3.85. Nevertheless, trading volume fell to 0.66 million shares from 0.33 million shares the previous day.
Support And Resistance Levels for Latham Group Inc (SWIM)
According to the 24-hour chart, there is a support level at 6.69, which, if violated, would cause prices to drop to 6.54. In the upper region, resistance lies at 7.06. The next price resistance is at 7.28. RSI (Relative Strength Index) is 63.22 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.18, which suggests the price will decrease in the coming days. Percent R is at 29.08%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
