Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Latham Group Inc shares valued at $184,971 were sold by Rajeski Scott Michael on Dec 11 ’24. At $8.34 per share, Rajeski Scott Michael sold 22,191 shares. The insider’s holdings dropped to 480,829 shares worth approximately $3.46 million following the completion of this transaction.
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Also, Rajeski Scott Michael purchased 28,292 shares, netting a total of over 236,220 in proceeds.
Before that, Bahl Sanjeev had sold 11,750 shares from its account. In a trade valued at $69,377, the CHIEF OPERATING OFFICER traded Latham Group Inc shares for $5.90 each. Upon closing the transaction, the insider’s holdings decreased to 11,750 shares, worth approximately $1.89 million.
As published in their initiating research note from Craig Hallum on December 09, 2024, Latham Group Inc [SWIM] has been a Buy and the price target has been revised to $10. Analysts at Stifel upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in mid March. As of March 13, 2024, BofA Securities has decreased its “Buy” rating to a “an Underperform” for SWIM. Earlier on December 14, 2022, Barclays downgraded its rating. Their new recommendation was “an Equal weight” for SWIM stock which previously was a “an Overweight”.
Analyzing SWIM Stock Performance
During the last five days, there has been a drop of approximately -13.77%. Over the course of the year, Latham Group Inc shares have jumped approximately 173.76%. Shares of the company reached a 52-week high of $8.41 on 12/11/24 and a 52-week low of $2.11 on 01/19/24. A 50-day SMA is recorded $6.65, while a 200-day SMA reached $4.81. Nevertheless, trading volume fell to 1.08 million shares from 0.58 million shares the previous day.
Support And Resistance Levels for Latham Group Inc (SWIM)
According to the 24-hour chart, there is a support level at 6.94, which, if violated, would cause prices to drop to 6.68. In the upper region, resistance lies at 7.64. The next price resistance is at 8.08. RSI (Relative Strength Index) is 53.57 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.29, which suggests the price will decrease in the coming days. Percent R is at 57.08%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
