AZEK Company Inc’s recent filing unveils that its CEO and President Singh Jesse G unloaded Company’s shares for reported $0.63 million on Apr 10 ’24. In the deal valued at $48.30 per share,13,000 shares were sold. As a result of this transaction, Singh Jesse G now holds 1,083,444 shares worth roughly $51.24 million.
Then, Singh Jesse G sold 13,000 shares, generating $620,880 in total proceeds. Upon selling the shares at $47.76, the CEO and President now owns 1,096,444 shares.
Before that, Kasson Michelle A sold 94,431 shares. AZEK Company Inc shares valued at $4,671,502 were divested by the CIO at a price of $49.47 per share. As a result of the transaction, Kasson Michelle A now holds 23,544 shares, worth roughly $1.11 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 fall -1.34% to $47.29. Over the last five days, the stock has lost -4.96%. AZEK Company Inc shares have risen nearly 23.63% since the year began. Nevertheless, the stocks have risen 86.03% over the past one year. While a 52-week high of $50.78 was reached on 03/28/24, a 52-week low of $23.08 was recorded on 01/04/24. SMA at 50 days reached $47.23, while 200 days put it at $35.90. A total of 1.12 million shares were traded, compared to the trading of 0.94 million shares in the previous session.
Levels Of Support And Resistance For AZEK Stock
The 24-hour chart illustrates a support level at 46.91, which if violated will result in even more drops to 46.54. On the upside, there is a resistance level at 47.79. A further resistance level may holdings at 48.30. The Relative Strength Index (RSI) on the 14-day chart is 43.00, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.41, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.32%. Stochastics %K at 9.91% indicates the stock is a buying.
