Logitech ( (CH:LOGN) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Logitech’s stock movement comes amidst cautious analyst ratings, with concerns over sector-wide memory exposure highlighted by Mizuho Securities and Morgan Stanley maintaining a Hold rating. Insider sentiment adds further pressure as multiple executives, including a director, have sold shares. Despite this, some optimism persists in the market as Goldman Sachs reiterated its Buy rating, and Berenberg raised the price target for the company.
More about Logitech
YTD Price Performance: 38.29%
Average Trading Volume: 599,731
Technical Sentiment Signal: Buy
Current Market Cap: $15.79B
For further insights into LOGN stock on TipRanks’ Stock Analysis page.
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