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Jefferies Downgrades Hayward Holdings Inc (HAYW) to a Hold from a Buy

Hayward Holdings Inc’s recently made public that its President and CEO HOLLERAN KEVIN unloaded Company’s shares for reported $1.6 million on Nov 11 ’24. In the deal valued at $15.96 per share,100,000 shares were sold. As a result of this transaction, HOLLERAN KEVIN now holds 522,799 shares worth roughly $8.4 million.

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Then, Jones Eifion sold 75,000 shares, generating $1,207,875 in total proceeds. Upon selling the shares at $16.11, the Senior Vice President and CFO now owns 258,903 shares.

Before that, Kevin Holleran bought 250,000 shares. Hayward Holdings Inc shares valued at $3,997,500 were divested by the Officer at a price of $15.99 per share.

Jefferies downgraded its Hayward Holdings Inc [HAYW] rating to a Hold from a a Buy in a research note published on January 11, 2024; the price target was decreased to $14 from $15. A number of analysts have revised their coverage, including Stifel’s analysts, who decreased its forecast for the stock in mid December from “a Buy” to “a Hold”. Stifel also remained covering HAYW and has increased its forecast on August 03, 2023 with a “Buy” recommendation from previously “Hold” rating. Stifel revised its rating on February 06, 2023. It rated HAYW as “a Hold” which previously was an “a Buy”.

Price Performance Review of HAYW

On Friday, Hayward Holdings Inc [NYSE:HAYW] saw its stock jump 1.97% to $16.06. Over the last five days, the stock has gained 0.06%. Hayward Holdings Inc shares have risen nearly 18.09% since the year began. Nevertheless, the stocks have risen 36.45% over the past one year. While a 52-week high of $16.87 was reached on 11/06/24, a 52-week low of $11.29 was recorded on 01/17/24. SMA at 50 days reached $15.13, while 200 days put it at $14.13.

Levels Of Support And Resistance For HAYW Stock

The 24-hour chart illustrates a support level at 15.77, which if violated will result in even more drops to 15.48. On the upside, there is a resistance level at 16.21. A further resistance level may holdings at 16.36. The Relative Strength Index (RSI) on the 14-day chart is 58.24, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 60.90%. Stochastics %K at 45.44% indicates the stock is a holding.

How much short interest is there in Hayward Holdings Inc?

A steep rise in short interest was recorded in Hayward Holdings Inc stocks on 2024-10-31, dropping by -2.8 million shares to a total of 10.85 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 13.65 million shares. There was a decline of -25.77%, which implies that there is a negative sentiment for the stock.

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