Logitech International S.A’s recently made public that its CHIEF LEGAL OFFICER Harnett Samantha unloaded Company’s shares for reported $22425.0 on Nov 27 ’24. In the deal valued at $80.09 per share,280 shares were sold. As a result of this transaction, Harnett Samantha now holds 7,648 shares worth roughly $0.64 million.
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Then, GECHT GUY bought 2,500 shares, generating $202,800 in total proceeds. Upon buying the shares at $81.12, the Director now owns 18,503 shares.
Before that, BOYNTON CHARLES D bought 1,225 shares. Logitech International S.A shares valued at $99,560 were divested by the Chief Financial Officer at a price of $81.27 per share. As a result of the transaction, BOYNTON CHARLES D now holds 1,225 shares, worth roughly $0.1 million.
BofA Securities downgraded its Logitech International S.A [LOGI] rating to a Neutral from a a Buy in a research note published on December 16, 2024; the price target was decreased to $92 from $114. A number of analysts have revised their coverage, including UBS’s analysts, who increased its forecast for the stock in mid November from “a Sell” to “a Neutral”. JP Morgan also remained covering LOGI and has decreased its forecast on May 01, 2024 with a “Neutral” recommendation from previously “an Overweight” rating. Deutsche Bank revised its rating on April 16, 2024. It rated LOGI as “a Sell” which previously was an “a Hold”.
Price Performance Review of LOGI
On Tuesday, Logitech International S.A [NASDAQ:LOGI] saw its stock jump 1.52% to $83.66. Over the last five days, the stock has lost -0.94%. Logitech International S.A shares have fallen nearly -11.99% since the year began. Nevertheless, the stocks have fallen -11.08% over the past one year. While a 52-week high of $102.59 was reached on 06/06/24, a 52-week low of $74.72 was recorded on 04/30/24. SMA at 50 days reached $82.66, while 200 days put it at $87.79.
Levels Of Support And Resistance For LOGI Stock
The 24-hour chart illustrates a support level at 83.28, which if violated will result in even more drops to 82.90. On the upside, there is a resistance level at 84.17. A further resistance level may holdings at 84.68. The Relative Strength Index (RSI) on the 14-day chart is 53.52, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 30.31%. Stochastics %K at 67.23% indicates the stock is a holding.
How much short interest is there in Logitech International S.A?
A steep rise in short interest was recorded in Logitech International S.A stocks on 2024-11-29, growing by 0.54 million shares to a total of 4.95 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 4.41 million shares. There was a rise of 10.98%, which implies that there is a positive sentiment for the stock.
