AZEK Company Inc’s recently made public that its CEO and President Singh Jesse G unloaded Company’s shares for reported $0.62 million on Mar 11 ’24. In the deal valued at $47.76 per share,13,000 shares were sold. As a result of this transaction, Singh Jesse G now holds 1,096,444 shares worth roughly $54.56 million.
Then, Kasson Michelle A sold 94,431 shares, generating $4,671,502 in total proceeds. Upon selling the shares at $49.47, the CIO now owns 23,544 shares.
Before that, Singh Jesse G sold 25,000 shares. AZEK Company Inc shares valued at $1,200,750 were divested by the CEO and President at a price of $48.03 per share. As a result of the transaction, Singh Jesse G now holds 12,207 shares, worth roughly $0.61 million.
Wolfe Research initiated its AZEK Company Inc [AZEK] rating to an Outperform in a research note published on December 12, 2023; the price target was $43. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who decreased its forecast for the stock in early December from “a Buy” to “a Hold”. Loop Capital also remained covering AZEK and has increased its forecast on April 24, 2023 with a “Buy” recommendation from previously “Hold” rating. BofA Securities revised its rating on April 19, 2023. It rated AZEK as “a Buy” which previously was an “a Neutral”.
Price Performance Review of AZEK
On Friday, AZEK Company Inc [NYSE:AZEK] saw its stock jump 1.34% to $49.76. Over the last five days, the stock has lost -0.92%. AZEK Company Inc shares have risen nearly 30.09% since the year began. Nevertheless, the stocks have risen 116.16% over the past one year. While a 52-week high of $50.78 was reached on 03/28/24, a 52-week low of $22.20 was recorded on 01/04/24. SMA at 50 days reached $46.21, while 200 days put it at $35.39. A total of 1.32 million shares were traded, compared to the trading of 1.19 million shares in the previous session.
Levels Of Support And Resistance For AZEK Stock
The 24-hour chart illustrates a support level at 49.13, which if violated will result in even more drops to 48.50. On the upside, there is a resistance level at 50.30. A further resistance level may holdings at 50.84. The Relative Strength Index (RSI) on the 14-day chart is 60.76, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 30.96%. Stochastics %K at 57.68% indicates the stock is a holding.
How much short interest is there in AZEK Company Inc?
A steep rise in short interest was recorded in AZEK Company Inc stocks on Mar 15, 2024, growing by 0.28 million shares to a total of 4.31 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 4.03 million shares. There was a rise of 6.5%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.01% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.61.
