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. Columbia Sportswear Co. shares valued at $473,264 were sold by Nelson Ronald E. on Feb 22 ’24. At $82.05 per share, Nelson Ronald E. sold 5,768 shares. The insider’s holdings dropped to 16,857 shares worth approximately $1.34 million following the completion of this transaction.
Also, BABSON STEPHEN E sold 2,411 shares, netting a total of over 195,243 in proceeds. Following the sale of shares at $80.98 each, the insider now holds 122,879 shares.
Before that, Nelson Ronald E. had sold 7,394 shares from its account. In a trade valued at $564,310, the Director traded Columbia Sportswear Co. shares for $76.32 each. Upon closing the transaction, the insider’s holdings decreased to 7,394 shares, worth approximately $1.34 million.
As published in a research note from UBS on January 05, 2024, Columbia Sportswear Co. [COLM] has been rated down from a Neutral to a Sell and the price target has been revised to $62 from $76. Analysts at Seaport Research Partners downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid October. As of August 03, 2023, TD Cowen has decreased its “an Outperform” rating to a “Market perform” for COLM. Earlier on April 25, 2023, Piper Sandler initiated its rating. Their recommendation was “a Neutral” for COLM stock.
Analyzing COLM Stock Performance
During the last five days, there has been a surge of approximately 6.37%. Over the course of the year, Columbia Sportswear Co. shares have jumped approximately 0.30%. Shares of the company reached a 52-week high of $83.15 on 02/23/24 and a 52-week low of $73.04 on 04/16/24. A 50-day SMA is recorded $78.86, while a 200-day SMA reached $76.65. Nevertheless, trading volume fell to 0.55 million shares from 0.57 million shares the previous day.
Support And Resistance Levels for Columbia Sportswear Co. (COLM)
According to the 24-hour chart, there is a support level at 78.97, which, if violated, would cause prices to drop to 78.16. In the upper region, resistance lies at 80.43. The next price resistance is at 81.07. RSI (Relative Strength Index) is 60.72 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.46, which suggests the price will increase in the coming days. Percent R is at 6.71%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
