In a filing, Zurn Elkay Water Solutions Corp revealed its 10% Owner Ice Mountain LLC unloaded Company’s shares for reported $1.6 million on Apr 08 ’24. In the deal valued at $32.07 per share,49,828 shares were sold. As a result of this transaction, Ice Mountain LLC now holds 24,948,932 shares worth roughly $796.12 million.
Then, Ice Mountain LLC sold 50,172 shares, generating $1,614,535 in total proceeds. Upon selling the shares at $32.18, the 10% Owner now owns 24,998,760 shares.
Before that, Troutman Michael sold 897 shares. Zurn Elkay Water Solutions Corp shares valued at $27,538 were divested by the Chief Information Officer at a price of $30.70 per share. As a result of the transaction, Troutman Michael now holds 43,026 shares, worth roughly $1.37 million.
Exane BNP Paribas initiated its Zurn Elkay Water Solutions Corp [ZWS] rating to an Outperform in a research note published on March 12, 2024; the price target was $40. A number of analysts have revised their coverage, including Mizuho’s analysts, who decreased its forecast for the stock in early February from “a Buy” to “a Neutral”. Stifel also remained covering ZWS and has decreased its forecast on December 19, 2023 with a “Hold” recommendation from previously “Buy” rating. KeyBanc Capital Markets revised its rating on December 13, 2023. It rated ZWS as “a Sector weight” which previously was an “an Overweight”.
Price Performance Review of ZWS
On Friday, Zurn Elkay Water Solutions Corp [NYSE:ZWS] saw its stock fall -0.90% to $31.91. Over the last five days, the stock has lost -0.78%. Zurn Elkay Water Solutions Corp shares have risen nearly 8.50% since the year began. Nevertheless, the stocks have risen 55.05% over the past one year. While a 52-week high of $34.58 was reached on 04/01/24, a 52-week low of $20.06 was recorded on 01/09/24. SMA at 50 days reached $31.91, while 200 days put it at $29.33. A total of 0.81 million shares were traded, compared to the trading of 0.67 million shares in the previous session.
Levels Of Support And Resistance For ZWS Stock
The 24-hour chart illustrates a support level at 31.53, which if violated will result in even more drops to 31.14. On the upside, there is a resistance level at 32.44. A further resistance level may holdings at 32.96. The Relative Strength Index (RSI) on the 14-day chart is 48.40, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.41, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 70.63%. Stochastics %K at 30.60% indicates the stock is a holding.
