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A company insider recently bought 6,000 shares of Leslies Inc [LESL]. Should You Buy?

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Leslies Inc shares valued at $18,540 were purchased by Daniel Yolanda on Sep 06 ’24. At $3.09 per share, Daniel Yolanda acquired 6,000 shares. The insider’s holdings grew to 32,015 shares worth approximately $69792.70000000001 following the completion of this transaction.

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Also, Estep Jonathan S purchased 17,200 shares, netting a total of over 49,880 in proceeds. Following the buying of shares at $2.90 each, the insider now holds 24,680 shares.

Before that, Naylor Maile had added 8,300 shares to its account. In a trade valued at $24,900, the Director bought Leslies Inc shares for $3.00 each. Upon closing the transaction, the insider’s holdings increased to 8,300 shares, worth approximately $18094.0.

As published in a research note from Telsey Advisory Group on November 26, 2024, Leslies Inc [LESL] has been retained to a Market perform and the price target has been revised to $3.75. Analysts at Telsey Advisory Group resumed the stock at ‘”a Market perform”‘ outlook in a report released in mid July. As of July 18, 2024, Stifel has decreased its “Hold” rating to a “Sell” for LESL. Earlier on March 19, 2024, Mizuho initiated its rating. Their recommendation was “a Neutral” for LESL stock.

Analyzing LESL Stock Performance

During the last five days, there has been a drop of approximately -6.99%. Over the course of the year, Leslies Inc shares have dropped approximately -69.18%. Shares of the company reached a 52-week high of $8.21 on 02/12/24 and a 52-week low of $2.02 on 12/19/24. A 50-day SMA is recorded $2.67, while a 200-day SMA reached $3.78. Nevertheless, trading volume fell to 2.79 million shares from 5.13 million shares the previous day.

Support And Resistance Levels for Leslies Inc (LESL)

According to the 24-hour chart, there is a support level at 2.11, which, if violated, would cause prices to drop to 2.04. In the upper region, resistance lies at 2.24. The next price resistance is at 2.30. RSI (Relative Strength Index) is 39.05 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.15, which suggests the price will decrease in the coming days. Percent R is at 76.98%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

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