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. Logitech International S.A shares valued at $202,800 were purchased by GECHT GUY on Oct 24 ’24. At $81.12 per share, GECHT GUY acquired 2,500 shares. The insider’s holdings grew to 18,503 shares worth approximately $1.5 million following the completion of this transaction.
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Also, BOYNTON CHARLES D purchased 1,225 shares, netting a total of over 99,560 in proceeds. Following the buying of shares at $81.27 each, the insider now holds 1,225 shares.
Before that, Harnett Samantha had sold 100 shares from its account. In a trade valued at $8,818, the CHIEF LEGAL OFFICER traded Logitech International S.A shares for $88.18 each. Upon closing the transaction, the insider’s holdings decreased to 100 shares, worth approximately $0.95 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 drop of approximately -0.72%. Over the course of the year, Logitech International S.A shares have dropped approximately -14.67%. 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 $85.62, while a 200-day SMA reached $88.48. Nevertheless, trading volume fell to 0.76 million shares from 1.26 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 80.46, which, if violated, would cause prices to drop to 79.81. In the upper region, resistance lies at 82.12. The next price resistance is at 83.13. RSI (Relative Strength Index) is 43.16 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.81, which suggests the price will decrease in the coming days. Percent R is at 73.68%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
