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Utz Brands Inc [UTZ] Investment Appeal on the Rise

In a filing, Utz Brands Inc revealed its 10% Owner CC Collier Holdings, LLC unloaded Company’s shares for reported $4.44 million on Mar 14 ’24. In the deal valued at $18.14 per share,244,712 shares were sold. As a result of this transaction, CC Collier Holdings, LLC now holds 3,311,442 shares worth roughly $60.1 million.

Then, Chu Chinh sold 244,712 shares, generating $4,439,076 in total proceeds. Upon selling the shares at $18.14, the 10% Owner now owns 3,311,442 shares.

Before that, Chu Chinh sold 92,226 shares. Utz Brands Inc shares valued at $1,641,623 were divested by the 10% Owner at a price of $17.80 per share. As a result of the transaction, Chu Chinh now holds 3,556,154 shares, worth roughly $64.54 million.

BofA Securities upgraded its Utz Brands Inc [UTZ] rating to a Buy from a a Neutral in a research note published on March 14, 2024; the price target was increased to $22 from $19. A number of analysts have revised their coverage, including DA Davidson’s analysts, who began to cover the stock in early March with a ‘”a Neutral”‘ rating. Needham began covering UTZ with “Buy” recommendation on January 03, 2024. Mizuho started covering the stock on December 20, 2023. It rated UTZ as “a Buy”.

Price Performance Review of UTZ

On Monday, Utz Brands Inc [NYSE:UTZ] saw its stock fall -2.47% to $18.15. Over the last five days, the stock has gained 0.72%. Utz Brands Inc shares have risen nearly 11.76% since the year began. Nevertheless, the stocks have fallen -2.99% over the past one year. While a 52-week high of $19.21 was reached on 02/23/24, a 52-week low of $11.17 was recorded on 01/19/24. SMA at 50 days reached $18.04, while 200 days put it at $15.66. A total of 0.72 million shares were traded, compared to the trading of 0.88 million shares in the previous session.

Levels Of Support And Resistance For UTZ Stock

The 24-hour chart illustrates a support level at 17.72, which if violated will result in even more drops to 17.29. On the upside, there is a resistance level at 18.65. A further resistance level may holdings at 19.15. The Relative Strength Index (RSI) on the 14-day chart is 53.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.70, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 35.34%. Stochastics %K at 79.89% indicates the stock is a holding.

The most recent change occurred on December 18, 2023 when RBC Capital Mkts resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $19.

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