The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. AZEK Company Inc shares valued at $627,958 were sold by Singh Jesse G on Apr 10 ’24. At $48.30 per share, Singh Jesse G sold 13,000 shares. The insider’s holdings dropped to 1,083,444 shares worth approximately $49.45 million following the completion of this transaction.
Also, Singh Jesse G sold 13,000 shares, netting a total of over 620,880 in proceeds. Following the sale of shares at $47.76 each, the insider now holds 1,096,444 shares.
Before that, Kasson Michelle A had sold 94,431 shares from its account. In a trade valued at $4,671,502, the CIO traded AZEK Company Inc shares for $49.47 each. Upon closing the transaction, the insider’s holdings decreased to 94,431 shares, worth approximately $1.07 million.
As published in their initiating research note from Wolfe Research on December 12, 2023, AZEK Company Inc [AZEK] has been an Outperform and the price target has been revised to $43. Analysts at Deutsche Bank downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early December. As of April 24, 2023, Loop Capital has increased its “Hold” rating to a “Buy” for AZEK. Earlier on April 19, 2023, BofA Securities upgraded its rating. Their new recommendation was “a Buy” for AZEK stock which previously was a “a Neutral”.
Analyzing AZEK Stock Performance
During the last five days, there has been a drop of approximately -4.82%. Over the course of the year, AZEK Company Inc shares have jumped approximately 19.32%. Shares of the company reached a 52-week high of $50.78 on 03/28/24 and a 52-week low of $35.38 on 01/04/24. A 50-day SMA is recorded $47.59, while a 200-day SMA reached $36.14. Nevertheless, trading volume fell to 0.78 million shares from 1.04 million shares the previous day.
Support And Resistance Levels for AZEK Company Inc (AZEK)
According to the 24-hour chart, there is a support level at 44.91, which, if violated, would cause prices to drop to 44.17. In the upper region, resistance lies at 46.61. The next price resistance is at 47.57. RSI (Relative Strength Index) is 34.87 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.32, which suggests the price will decrease in the coming days. Percent R is at 91.13%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
