What Happened?
Shares of pool products retailer Leslie’s (NASDAQ: LESL) jumped 4.4% in the afternoon session after a continuation of positive technical momentum. The stock's movement appears to be driven by technical factors rather than fundamental company news. On the previous trading day, Friday, August 22nd, Leslie's stock saw a significant gain of 7.89% on increased trading volume, which is considered a positive technical indicator. According to market analysis, a "buy signal" was issued from a pivot bottom point on August 12, 2025, suggesting potential for a further rise and contributing to the recent upward momentum.
The shares closed the day at $0.34, up 4.7% from previous close.
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What Is The Market Telling Us
Leslie’s shares are extremely volatile and have had 90 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.
The previous big move we wrote about was 4 days ago when the stock dropped 3.2% on the news that markets continued to decline, as investors grew cautious ahead of a key speech by Federal Reserve Chair Jerome Powell. The move came as U.S. equity markets recorded a fifth consecutive day of losses for major indexes like the S&P 500, with technology stocks experiencing the largest declines. Investors have grown wary that the sharp rally in the tech sector since April may have advanced too far. The market-wide caution is largely driven by the upcoming Jackson Hole symposium, a meeting of central bankers, where traders are anxiously awaiting Fed Chair Powell's speech on Friday for guidance on the future path of interest rates.
Leslie's is down 85.2% since the beginning of the year, and at $0.34 per share, it is trading 90.4% below its 52-week high of $3.51 from November 2024. Investors who bought $1,000 worth of Leslie’s shares at the IPO in October 2020 would now be looking at an investment worth $15.49.
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