Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Smith & Wesson Brands Inc shares valued at $32,140 were sold by SCOTT ROBERT L on Jul 29 ’24. At $16.07 per share, SCOTT ROBERT L sold 2,000 shares. The insider’s holdings dropped to 67,569 shares worth approximately $0.95 million following the completion of this transaction.
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Also, ROBERT L SCOTT purchased 2,000 shares, netting a total of over 32,140 in proceeds.
Before that, SCOTT ROBERT L had sold 2,000 shares from its account. In a trade valued at $29,600, the Director traded Smith & Wesson Brands Inc shares for $14.80 each. Upon closing the transaction, the insider’s holdings decreased to 2,000 shares, worth approximately $0.98 million.
As published in a research note from Craig Hallum on March 08, 2024, Smith & Wesson Brands Inc [SWBI] has been rated up from a Hold to a Buy and the price target has been revised to $18 from $14. Analysts at Lake Street resumed the stock at ‘”a Buy”‘ outlook in a report released in early December. As of December 03, 2021, Cowen has decreased its “an Outperform” rating to a “Market perform” for SWBI. Earlier on September 02, 2021, Craig Hallum resumed its rating. Their recommendation was “a Hold” for SWBI stock.
Analyzing SWBI Stock Performance
During the last five days, there has been a surge of approximately 4.29%. Over the course of the year, Smith & Wesson Brands Inc shares have jumped approximately 3.98%. Shares of the company reached a 52-week high of $18.05 on 03/21/24 and a 52-week low of $12.16 on 09/10/24. A 50-day SMA is recorded $13.21, while a 200-day SMA reached $14.97. Nevertheless, trading volume fell to 0.73 million shares from 0.49 million shares the previous day.
Support And Resistance Levels for Smith & Wesson Brands Inc (SWBI)
According to the 24-hour chart, there is a support level at 13.61, which, if violated, would cause prices to drop to 13.12. In the upper region, resistance lies at 14.36. The next price resistance is at 14.62. RSI (Relative Strength Index) is 61.31 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.37, which suggests the price will decrease in the coming days. Percent R is at 2.38%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
