Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Zumiez Inc shares valued at $143,100 were purchased by ELLIS ADAM CHRISTOPHER on Apr 04 ’24. At $14.31 per share, ELLIS ADAM CHRISTOPHER acquired 10,000 shares. The insider’s holdings grew to 57,917 shares worth approximately $0.84 million following the completion of this transaction.
Also, Murphy James P. purchased 5,000 shares, netting a total of over 74,350 in proceeds. Following the buying of shares at $14.87 each, the insider now holds 16,312 shares.
Before that, Brooks Richard Miles had added 74,930 shares to its account. In a trade valued at $1,016,800, the CEO bought Zumiez Inc shares for $13.57 each. Upon closing the transaction, the insider’s holdings increased to 74,930 shares, worth approximately $38.45 million.
As published in a research note from William Blair on September 09, 2022, Zumiez Inc [ZUMZ] has been rated down from an Outperform to a Mkt perform. Analysts at B. Riley Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early September. As of January 18, 2022, Seaport Research Partners has initiated its “Neutral” rating for ZUMZ.
Analyzing ZUMZ Stock Performance
During the last five days, there has been a surge of approximately 1.33%. Over the course of the year, Zumiez Inc shares have dropped approximately -28.61%. Shares of the company reached a 52-week high of $20.72 on 01/02/24 and a 52-week low of $12.90 on 03/15/24. A 50-day SMA is recorded $16.21, while a 200-day SMA reached $17.53. Nevertheless, trading volume fell to 0.6 million shares from 0.15 million shares the previous day.
Support And Resistance Levels for Zumiez Inc (ZUMZ)
According to the 24-hour chart, there is a support level at 14.13, which, if violated, would cause prices to drop to 13.74. In the upper region, resistance lies at 14.78. The next price resistance is at 15.04. RSI (Relative Strength Index) is 43.44 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.05, which suggests the price will decrease in the coming days. Percent R is at 58.73%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Zumiez Inc subject to short interest?
Stocks of Zumiez Inc saw a sharp rise in short interest on Mar 15, 2024 jumping by 0.24 million shares to 0.81 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 0.57 million shares. A jump of 29.44% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 4.13 of the overall float, the days-to-cover ratio (short ratio) jumped to 4.13.
