Latham Group Inc’s filing revealed that its CHIEF FINANCIAL OFFICER Gloe Oliver C. unloaded Company’s shares for reported $65791.0 on Oct 31 ’24. In the deal valued at $6.44 per share,10,216 shares were sold. As a result of this transaction, Gloe Oliver C. now holds 282,706 shares worth roughly $1.86 million.
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Then, Rajeski Scott Michael sold 25,851 shares, generating $169,066 in total proceeds. Upon selling the shares at $6.54, the CHIEF EXECUTIVE OFFICER now owns 490,829 shares.
Before that, Rajeski Scott Michael bought 35,851 shares. Latham Group Inc shares valued at $236,032 were divested by the Officer at a price of $6.58 per share.
Stifel upgraded its Latham Group Inc [SWIM] rating to a Buy from a a Hold in a research note published on March 18, 2024; the price target was increased to $4 from $3. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in mid March from “a Buy” to “an Underperform”. Barclays also remained covering SWIM and has decreased its forecast on December 14, 2022 with a “an Equal weight” recommendation from previously “an Overweight” rating. Stifel started covering the stock on December 13, 2022. It rated SWIM as “a Hold”.
Price Performance Review of SWIM
On Tuesday, Latham Group Inc [NASDAQ:SWIM] saw its stock jump 3.13% to $6.58. Over the last five days, the stock has gained 1.70%. Latham Group Inc shares have risen nearly 150.19% since the year began. Nevertheless, the stocks have risen 163.20% over the past one year. While a 52-week high of $7.33 was reached on 10/17/24, a 52-week low of $2.09 was recorded on 01/19/24. SMA at 50 days reached $6.50, while 200 days put it at $4.23.
Levels Of Support And Resistance For SWIM Stock
The 24-hour chart illustrates a support level at 6.32, which if violated will result in even more drops to 6.06. On the upside, there is a resistance level at 6.71. A further resistance level may holdings at 6.84. The Relative Strength Index (RSI) on the 14-day chart is 49.63, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 63.03%. Stochastics %K at 28.29% indicates the stock is a holding.
How much short interest is there in Latham Group Inc?
A steep rise in short interest was recorded in Latham Group Inc stocks on 2024-10-15, growing by 0.18 million shares to a total of 1.4 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 1.22 million shares. There was a rise of 12.73%, which implies that there is a positive sentiment for the stock.
