Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Utz Brands Inc shares valued at $4,439,076 were sold by CC Collier Holdings, LLC on Mar 14 ’24. At $18.14 per share, CC Collier Holdings, LLC sold 244,712 shares. The insider’s holdings dropped to 3,311,442 shares worth approximately $62.06 million following the completion of this transaction.
Also, Chu Chinh sold 244,712 shares, netting a total of over 4,439,076 in proceeds. Following the sale of shares at $18.14 each, the insider now holds 3,311,442 shares.
Before that, Chu Chinh had sold 92,226 shares from its account. In a trade valued at $1,641,623, the 10% Owner traded Utz Brands Inc shares for $17.80 each. Upon closing the transaction, the insider’s holdings decreased to 92,226 shares, worth approximately $66.64 million.
As published in a research note from BofA Securities on March 14, 2024, Utz Brands Inc [UTZ] has been rated up from a Neutral to a Buy and the price target has been revised to $22 from $19. Analysts at DA Davidson started covering the stock with ‘”a Neutral”‘ outlook in a report released in early March. As of January 03, 2024, Needham has initiated its “Buy” rating for UTZ. Earlier on December 20, 2023, Mizuho initiated its rating. Their recommendation was “a Buy” for UTZ stock.
Analyzing UTZ Stock Performance
During the last five days, there has been a surge of approximately 8.01%. Over the course of the year, Utz Brands Inc shares have jumped approximately 15.39%. Shares of the company reached a 52-week high of $19.21 on 02/23/24 and a 52-week low of $15.93 on 01/19/24. A 50-day SMA is recorded $18.06, while a 200-day SMA reached $15.63. Nevertheless, trading volume fell to 0.88 million shares from 0.42 million shares the previous day.
Support And Resistance Levels for Utz Brands Inc (UTZ)
According to the 24-hour chart, there is a support level at 18.28, which, if violated, would cause prices to drop to 17.81. In the upper region, resistance lies at 19.02. The next price resistance is at 19.29. RSI (Relative Strength Index) is 63.34 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.75, which suggests the price will decrease in the coming days. Percent R is at 4.13%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
