Logitech International S.A.’s filing revealed that its Director GECHT GUY acquired Company’s shares for reported $0.2 million on Oct 24 ’24. In the deal valued at $81.12 per share,2,500 shares were bought. As a result of this transaction, GECHT GUY now holds 18,503 shares worth roughly $1.55 million.
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Then, BOYNTON CHARLES D bought 1,225 shares, generating $99,560 in total proceeds. Upon buying the shares at $81.27, the Chief Financial Officer now owns 1,225 shares.
Before that, Harnett Samantha sold 100 shares. Logitech International S.A. shares valued at $8,818 were divested by the CHIEF LEGAL OFFICER at a price of $88.18 per share. As a result of the transaction, Harnett Samantha now holds 11,710 shares, worth roughly $0.98 million.
JP Morgan downgraded its Logitech International S.A. [LOGI] rating to a Neutral from a an Overweight in a research note published on May 01, 2024; the price target was decreased to $85 from $92. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who decreased its forecast for the stock in mid April from “a Hold” to “a Sell”. Morgan Stanley also remained covering LOGI and has decreased its forecast on April 15, 2024 with a “an Underweight” recommendation from previously “an Equal-weight” rating.
Price Performance Review of LOGI
On Monday, Logitech International S.A. [NASDAQ:LOGI] saw its stock jump 3.73% to $83.72. Over the last five days, the stock has lost -8.81%. Logitech International S.A. shares have fallen nearly -11.93% since the year began. Nevertheless, the stocks have risen 9.42% over the past one year. While a 52-week high of $102.59 was reached on 06/06/24, a 52-week low of $74.72 was recorded on 04/30/24. SMA at 50 days reached $87.05, while 200 days put it at $88.89.
Levels Of Support And Resistance For LOGI Stock
The 24-hour chart illustrates a support level at 82.58, which if violated will result in even more drops to 81.44. On the upside, there is a resistance level at 84.35. A further resistance level may holdings at 84.98. The Relative Strength Index (RSI) on the 14-day chart is 45.46, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.66, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 69.95%. Stochastics %K at 14.13% indicates the stock is a buying.
How much short interest is there in Logitech International S.A.?
A steep rise in short interest was recorded in Logitech International S.A. stocks on 2024-10-15, dropping by -0.28 million shares to a total of 5.25 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 5.54 million shares. There was a decline of -5.4%, which implies that there is a negative sentiment for the stock.
