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Understanding the Risks of Investing in Zumiez Inc (ZUMZ)

Zumiez Inc’s recently made public that its President International ELLIS ADAM CHRISTOPHER acquired Company’s shares for reported $0.14 million on Apr 04 ’24. In the deal valued at $14.31 per share,10,000 shares were bought. As a result of this transaction, ELLIS ADAM CHRISTOPHER now holds 57,917 shares worth roughly $0.82 million.

Then, Murphy James P. bought 5,000 shares, generating $74,350 in total proceeds. Upon buying the shares at $14.87, the Director now owns 16,312 shares.

Before that, Brooks Richard Miles bought 74,930 shares. Zumiez Inc shares valued at $1,016,800 were divested by the CEO at a price of $13.57 per share. As a result of the transaction, Brooks Richard Miles now holds 2,647,954 shares, worth roughly $37.39 million.

William Blair downgraded its Zumiez Inc [ZUMZ] rating to a Mkt perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who decreased its forecast for the stock in early September from “a Buy” to “a Neutral”. Seaport Research Partners began covering ZUMZ with “Neutral” recommendation on January 18, 2022.

Price Performance Review of ZUMZ

On Tuesday, Zumiez Inc [NASDAQ:ZUMZ] saw its stock fall -1.19% to $14.12. Over the last five days, the stock has lost -4.53%. Zumiez Inc shares have fallen nearly -30.58% since the year began. Nevertheless, the stocks have fallen -24.09% over the past one year. While a 52-week high of $21.49 was reached on 01/02/24, a 52-week low of $12.90 was recorded on 03/15/24. SMA at 50 days reached $15.96, while 200 days put it at $17.48. A total of 0.24 million shares were traded, compared to the trading of 0.19 million shares in the previous session.

Levels Of Support And Resistance For ZUMZ Stock

The 24-hour chart illustrates a support level at 13.94, which if violated will result in even more drops to 13.75. On the upside, there is a resistance level at 14.24. A further resistance level may holdings at 14.36. The Relative Strength Index (RSI) on the 14-day chart is 40.18, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.01%. Stochastics %K at 30.60% indicates the stock is a holding.

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