Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Logitech International S.A shares valued at $22,425 were sold by Harnett Samantha on Nov 27 ’24. At $80.09 per share, Harnett Samantha sold 280 shares. The insider’s holdings dropped to 7,648 shares worth approximately $0.67 million following the completion of this transaction.
Also, GECHT GUY purchased 2,500 shares, netting a total of over 202,800 in proceeds. Following the buying of shares at $81.12 each, the insider now holds 18,503 shares.
Before that, BOYNTON CHARLES D had added 1,225 shares to its account. In a trade valued at $99,560, the Chief Financial Officer bought Logitech International S.A shares for $81.27 each. Upon closing the transaction, the insider’s holdings increased to 1,225 shares, worth approximately $0.11 million.
As published in a research note from BofA Securities on December 16, 2024, Logitech International S.A [LOGI] has been rated down from a Buy to a Neutral and the price target has been revised to $92 from $114. Analysts at UBS upgraded the stock from ‘”a Sell”‘ to ‘”a Neutral”‘ outlook in a report released in mid November. As of May 01, 2024, JP Morgan has decreased its “an Overweight” rating to a “Neutral” for LOGI. Earlier on April 16, 2024, Deutsche Bank downgraded its rating. Their new recommendation was “a Sell” for LOGI stock which previously was a “a Hold”.
Analyzing LOGI Stock Performance
During the last five days, there has been a surge of approximately 5.62%. Over the course of the year, Logitech International S.A shares have jumped approximately 5.62%. Shares of the company reached a 52-week high of $89.76 on 01/07/25 and a 52-week low of $81.45 on 01/02/25. A 50-day SMA is recorded $82.04, while a 200-day SMA reached $87.28. Nevertheless, trading volume fell to 0.39 million shares from 1.1 million shares the previous day.
Support And Resistance Levels for Logitech International S.A (LOGI)
According to the 24-hour chart, there is a support level at 86.30, which, if violated, would cause prices to drop to 85.61. In the upper region, resistance lies at 87.36. The next price resistance is at 87.73. RSI (Relative Strength Index) is 64.01 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.41, which suggests the price will increase in the coming days. Percent R is at 30.85%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
