Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Skyline Champion Corporation shares valued at $241,920 were sold by Burkhardt Timothy A. on Feb 28. At $69.12 per share, Burkhardt Timothy A. sold 3,500 shares. The insider’s holdings dropped to 26,066 shares worth approximately $1.67 million following the completion of this transaction.
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Also, KIMMELL JOSEPH A. sold 8,547 shares, netting a total of over 579,828 in proceeds. Following the sale of shares at $67.84 each, the insider now holds 27,204 shares.
Before that, LYALL JONATHAN WADE had sold 11,928 shares from its account. In a trade valued at $868,952, the EVP traded Skyline Champion Corporation shares for $72.85 each. Upon closing the transaction, the insider’s holdings decreased to 11,928 shares, worth approximately $1.85 million.
Analyzing SKY Stock Performance
On Thursday, Skyline Champion Corporation [NYSE: SKY] plunged -1.90% to $64.13. The stock’s lowest price that day was $63.885, but it reached a high of $65.79 in the same session. During the last five days, there has been a drop of approximately -7.75%. Over the course of the year, Skyline Champion Corporation shares have jumped approximately 24.50%. Shares of the company reached a 52-week high of $76.82 on 05/03/23 and a 52-week low of $51.37 on 01/03/23. A 50-day SMA is recorded $70.61, while a 200-day SMA reached $60.99. Nevertheless, trading volume fell to 0.51 million shares from 0.49 million shares the previous day.
Support And Resistance Levels for Skyline Champion Corporation (SKY)
According to the 24-hour chart, there is a support level at 63.41, which, if violated, would cause prices to drop to 62.70. In the upper region, resistance lies at 65.32. The next price resistance is at 66.51. RSI (Relative Strength Index) is 31.65 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.88, which suggests the price will decrease in the coming days. Percent R is at 97.59%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Skyline Champion Corporation subject to short interest?
Stocks of Skyline Champion Corporation saw a sharp rise in short interest on May 14, 2023 jumping by 70000.0 shares to 2.06 million. Data from Yahoo Finance shows that the short interest on Apr 13, 2023 was 1.99 million shares. A jump of 3.4% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 5.77 of the overall float, the days-to-cover ratio (short ratio) jumped to 5.77.
Which companies own the most shares of Skyline Champion Corporation (SKY)?
According to Wellington Management Co. LLP filings, the company currently owns 6,845,850 shares, which is about 12.00% of the total SKY shares outstanding. The investor’s shares have plunged by -1,109,321 from its previous 13-F filing of 7955171.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $441,865,327. BlackRock Fund Advisors acquire a 1.88% interest valued at $263.87 million while MAK Capital One LLC 0 stake. In its current portfolio, Wasatch Advisors, Inc. holds 1,706,879 shares valued at $126.6 million.
In terms of Skyline Champion Corporation share price expectations, FactSet research, analysts set an average price target of $76.17 in the next 12 months, up nearly 20.85% from the previous closing price of $65.37. Analysts anticipate Skyline Champion Corporation stock to reach $85.00 by 2023, with the lowest price target being $65.00. In spite of this, 6 analysts ranked Skyline Champion Corporation stock as an Overweight at the end of 2023.