Steven Madden Ltd.’s filing revealed that its Chief Executive Officer Rosenfeld Edward R. unloaded Company’s shares for reported $2.01 million on Mar 15 ’24. In the deal valued at $41.49 per share,48,500 shares were sold. As a result of this transaction, Rosenfeld Edward R. now holds 697,038 shares worth roughly $28.22 million.
Then, Mazouzi Zine sold 7,246 shares, generating $301,836 in total proceeds. Upon selling the shares at $41.66, the Chief Financial Officer now owns 68,785 shares.
Before that, Keith Lisa sold 2,400 shares. Steven Madden Ltd. shares valued at $100,148 were divested by the EVP, Gen. Counsel, Secretary at a price of $41.73 per share. As a result of the transaction, Keith Lisa now holds 20,687 shares, worth roughly $0.84 million.
Telsey Advisory Group reiterated its Steven Madden Ltd. [SHOO] rating to a Market perform in a research note published on February 29, 2024; the price target was $44. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who began to cover the stock in mid February with a ‘”a Neutral”‘ rating. Citigroup also remained covering SHOO and has decreased its forecast on February 07, 2024 with a “Neutral” recommendation from previously “Buy” rating. Jefferies revised its rating on January 04, 2024. It rated SHOO as “a Hold” which previously was an “a Buy”.
Price Performance Review of SHOO
On Friday, Steven Madden Ltd. [NASDAQ:SHOO] saw its stock jump 1.91% to $40.48. Over the last five days, the stock has gained 3.48%. Steven Madden Ltd. shares have fallen nearly -3.62% since the year began. Nevertheless, the stocks have risen 18.36% over the past one year. While a 52-week high of $45.63 was reached on 02/23/24, a 52-week low of $29.92 was recorded on 04/19/24. SMA at 50 days reached $41.45, while 200 days put it at $37.65. A total of 0.59 million shares were traded, compared to the trading of 8793.0 shares in the previous session.
Levels Of Support And Resistance For SHOO Stock
The 24-hour chart illustrates a support level at 39.91, which if violated will result in even more drops to 39.33. On the upside, there is a resistance level at 41.13. A further resistance level may holdings at 41.77. The Relative Strength Index (RSI) on the 14-day chart is 51.12, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.64, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 28.42%. Stochastics %K at 62.46% indicates the stock is a holding.
