Latham Group Inc’s recent filing unveils that its CHIEF OPERATING OFFICER Bahl Sanjeev unloaded Company’s shares for reported $69377.0 on Nov 11 ’24. In the deal valued at $5.90 per share,11,750 shares were sold. As a result of this transaction, Bahl Sanjeev now holds 262,811 shares worth roughly $2.06 million.
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Then, Gloe Oliver C. bought 9,000 shares, generating $51,570 in total proceeds. Upon buying the shares at $5.73, the CHIEF FINANCIAL OFFICER now owns 291,706 shares.
Before that, Bahl Sanjeev bought 11,750 shares. Latham Group Inc shares valued at $69,378 were divested by the Officer at a price of $5.90 per share.
Craig Hallum initiated its Latham Group Inc [SWIM] rating to a Buy in a research note published on December 09, 2024; the price target was $10. A number of analysts have revised their coverage, including Stifel’s analysts, who increased its forecast for the stock in mid March from “a Hold” to “a Buy”. BofA Securities also remained covering SWIM and has decreased its forecast on March 13, 2024 with a “an Underperform” recommendation from previously “Buy” rating. Barclays revised its rating on December 14, 2022. It rated SWIM as “an Equal weight” which previously was an “an Overweight”.
Price Performance Review of SWIM
On Tuesday, Latham Group Inc [NASDAQ:SWIM] saw its stock jump 10.42% to $7.84. Over the last five days, the stock has gained 15.12%. Latham Group Inc shares have risen nearly 198.10% since the year began. Nevertheless, the stocks have risen 216.13% over the past one year. While a 52-week high of $7.33 was reached on 12/10/24, a 52-week low of $2.11 was recorded on 01/19/24. SMA at 50 days reached $6.52, while 200 days put it at $4.67.
Levels Of Support And Resistance For SWIM Stock
The 24-hour chart illustrates a support level at 7.06, which if violated will result in even more drops to 6.28. On the upside, there is a resistance level at 8.27. A further resistance level may holdings at 8.70. The Relative Strength Index (RSI) on the 14-day chart is 71.07, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.45, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 3.51%. Stochastics %K at 80.75% indicates the stock is a selling.
How much short interest is there in Latham Group Inc?
A steep rise in short interest was recorded in Latham Group Inc stocks on 2024-11-29, growing by 0.66 million shares to a total of 2.36 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 1.7 million shares. There was a rise of 27.81%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on December 13, 2022 when Stifel began covering the stock and recommended ‘”a Hold”‘ rating along with a $3 price target.
