Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Simpson Manufacturing Co., Inc. shares valued at $168,368 were sold by Dankel Roger on Mar 20 ’24. At $198.08 per share, Dankel Roger sold 850 shares. The insider’s holdings dropped to 28,764 shares worth approximately $5.06 million following the completion of this transaction.
Also, Burton Phillip sold 2,000 shares, netting a total of over 422,780 in proceeds. Following the sale of shares at $211.39 each, the insider now holds 4,044 shares.
Before that, Dankel Roger had sold 850 shares from its account. In a trade valued at $162,206, the EVP, NA Sales traded Simpson Manufacturing Co., Inc. shares for $190.83 each. Upon closing the transaction, the insider’s holdings decreased to 850 shares, worth approximately $5.21 million.
As published in a research note from Sidoti on February 08, 2022, Simpson Manufacturing Co., Inc. [SSD] has been rated up from a Neutral to a Buy and the price target has been revised to $152. Analysts at CJS Securities upgraded the stock from ‘”a Market perform”‘ to ‘”a Market outperform”‘ outlook in a report released in early February. As of October 15, 2020, Robert W. Baird has increased its “Neutral” rating to a “an Outperform” for SSD. Earlier on July 28, 2020, DA Davidson downgraded its rating. Their new recommendation was “a Neutral” for SSD stock which previously was a “a Buy”.
Analyzing SSD Stock Performance
During the last five days, there has been a surge of approximately 3.67%. Over the course of the year, Simpson Manufacturing Co., Inc. shares have dropped approximately -11.18%. Shares of the company reached a 52-week high of $218.38 on 03/08/24 and a 52-week low of $162.69 on 04/23/24. A 50-day SMA is recorded $194.37, while a 200-day SMA reached $171.13. Nevertheless, trading volume fell to 0.41 million shares from 0.47 million shares the previous day.
Support And Resistance Levels for Simpson Manufacturing Co., Inc. (SSD)
According to the 24-hour chart, there is a support level at 171.93, which, if violated, would cause prices to drop to 168.01. In the upper region, resistance lies at 180.39. The next price resistance is at 184.94. RSI (Relative Strength Index) is 39.68 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.02, which suggests the price will decrease in the coming days. Percent R is at 47.84%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
