In a filing, Solo Brands Inc revealed its President & CEO METZ CHRISTOPHER T acquired Company’s shares for reported $0.18 million on Aug 12 ’24. In the deal valued at $1.30 per share,134,826 shares were bought. As a result of this transaction, METZ CHRISTOPHER T now holds 500,000 shares worth roughly $0.64 million.
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Then, METZ CHRISTOPHER T bought 115,174 shares, generating $149,530 in total proceeds. Upon buying the shares at $1.30, the President & CEO now owns 365,174 shares.
Before that, METZ CHRISTOPHER T bought 52,366 shares. Solo Brands Inc shares valued at $101,721 were divested by the President & CEO at a price of $1.94 per share. As a result of the transaction, METZ CHRISTOPHER T now holds 152,366 shares, worth roughly $0.19 million.
JP Morgan downgraded its Solo Brands Inc [DTC] rating to an Underweight from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including Jefferies’s analysts, who decreased its forecast for the stock in early January from “a Buy” to “a Hold”. Citigroup also remained covering DTC and has decreased its forecast on January 10, 2024 with a “Neutral” recommendation from previously “Buy” rating. William Blair revised its rating on January 08, 2024. It rated DTC as “a Mkt perform” which previously was an “an Outperform”.
Price Performance Review of DTC
On Friday, Solo Brands Inc [NYSE:DTC] saw its stock jump 6.72% to $1.27. Over the last five days, the stock has gained 13.39%. Solo Brands Inc shares have fallen nearly -79.38% since the year began. Nevertheless, the stocks have fallen -76.61% over the past one year. While a 52-week high of $6.36 was reached on 01/02/24, a 52-week low of $1.03 was recorded on 11/20/24. SMA at 50 days reached $1.3394, while 200 days put it at $1.8635.
Levels Of Support And Resistance For DTC Stock
The 24-hour chart illustrates a support level at 1.1842, which if violated will result in even more drops to 1.0984. On the upside, there is a resistance level at 1.3379. A further resistance level may holdings at 1.4058. The Relative Strength Index (RSI) on the 14-day chart is 51.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0550, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 56.82%. Stochastics %K at 26.99% indicates the stock is a holding.
How much short interest is there in Solo Brands Inc?
A steep rise in short interest was recorded in Solo Brands Inc stocks on 2024-10-31, dropping by -0.16 million shares to a total of 2.53 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 2.68 million shares. There was a decline of -6.13%, which implies that there is a negative sentiment for the stock.
