Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Sportsman’s Warehouse Holdings Inc shares valued at $23,000 were purchased by White Jeffrey Justin on Oct 02 ’24. At $2.30 per share, White Jeffrey Justin acquired 10,000 shares. The insider’s holdings grew to 116,326 shares worth approximately $0.33 million following the completion of this transaction.
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Also, Stone Paul purchased 31,895 shares, netting a total of over 74,988 in proceeds. Following the buying of shares at $2.35 each, the insider now holds 936,052 shares.
Before that, MCBEE RICHARD D had added 20,000 shares to its account. In a trade valued at $51,000, the Director bought Sportsman’s Warehouse Holdings Inc shares for $2.55 each. Upon closing the transaction, the insider’s holdings increased to 20,000 shares, worth approximately $0.58 million.
As published in a research note from B. Riley Securities on December 11, 2024, Sportsman’s Warehouse Holdings Inc [SPWH] has been rated up from a Neutral to a Buy and the price target has been revised to $4 from $2. Analysts at ROTH MKM started covering the stock with ‘”a Buy”‘ outlook in a report released in early June. Earlier on April 13, 2023, Craig Hallum downgraded its rating. Their new recommendation was “a Hold” for SPWH stock which previously was a “a Buy”.
Analyzing SPWH Stock Performance
During the last five days, there has been a surge of approximately 29.68%. Over the course of the year, Sportsman’s Warehouse Holdings Inc shares have dropped approximately -33.33%. Shares of the company reached a 52-week high of $4.62 on 01/02/24 and a 52-week low of $1.81 on 08/14/24. A 50-day SMA is recorded $2.50, while a 200-day SMA reached $2.75. Nevertheless, trading volume fell to 3.46 million shares from 1.64 million shares the previous day.
Support And Resistance Levels for Sportsman’s Warehouse Holdings Inc (SPWH)
According to the 24-hour chart, there is a support level at 2.65, which, if violated, would cause prices to drop to 2.45. In the upper region, resistance lies at 3.14. The next price resistance is at 3.43. RSI (Relative Strength Index) is 67.10 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.35, which suggests the price will decrease in the coming days. Percent R is at 28.99%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
