Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Logitech International S.A. shares valued at $99,560 were purchased by BOYNTON CHARLES D on May 03 ’24. At $81.27 per share, BOYNTON CHARLES D acquired 1,225 shares. The insider’s holdings grew to 1,225 shares worth approximately $0.11 million following the completion of this transaction.
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Also, Harnett Samantha sold 100 shares, netting a total of over 8,818 in proceeds. Following the sale of shares at $88.18 each, the insider now holds 11,710 shares.
Before that, Harnett Samantha had sold 100 shares from its account. In a trade valued at $9,046, the CHIEF LEGAL OFFICER traded Logitech International S.A. shares for $90.46 each. Upon closing the transaction, the insider’s holdings decreased to 100 shares, worth approximately $1.02 million.
As published in a research note from JP Morgan on May 01, 2024, Logitech International S.A. [LOGI] has been rated down from an Overweight to a Neutral and the price target has been revised to $85 from $92. Analysts at Deutsche Bank downgraded the stock from ‘”a Hold”‘ to ‘”a Sell”‘ outlook in a report released in mid April. As of April 15, 2024, Morgan Stanley has decreased its “an Equal-weight” rating to a “an Underweight” for LOGI.
Analyzing LOGI Stock Performance
During the last five days, there has been a surge of approximately 1.01%. Over the course of the year, Logitech International S.A. shares have dropped approximately -9.39%. Shares of the company reached a 52-week high of $102.59 on 06/06/24 and a 52-week low of $74.72 on 04/30/24. A 50-day SMA is recorded $87.44, while a 200-day SMA reached $89.26. Nevertheless, trading volume fell to 1.03 million shares from 0.47 million shares the previous day.
Support And Resistance Levels for Logitech International S.A. (LOGI)
According to the 24-hour chart, there is a support level at 85.60, which, if violated, would cause prices to drop to 85.06. In the upper region, resistance lies at 86.99. The next price resistance is at 87.84. RSI (Relative Strength Index) is 47.20 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.60, which suggests the price will decrease in the coming days. Percent R is at 70.27%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
