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AZEK Shares Experience Surge in Value

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. AZEK Company Inc shares valued at $597,550 were sold by Singh Jesse G on May 10 ’24. At $45.97 per share, Singh Jesse G sold 13,000 shares. The insider’s holdings dropped to 1,070,444 shares worth approximately $51.69 million following the completion of this transaction.

Also, Singh Jesse G sold 13,000 shares, netting a total of over 627,958 in proceeds. Following the sale of shares at $48.30 each, the insider now holds 1,083,444 shares.

Before that, Singh Jesse G had sold 13,000 shares from its account. In a trade valued at $620,880, the CEO and President traded AZEK Company Inc shares for $47.76 each. Upon closing the transaction, the insider’s holdings decreased to 13,000 shares, worth approximately $52.95 million.

As published in their initiating research note from The Benchmark Company on April 19, 2024, AZEK Company Inc [AZEK] has been a Buy and the price target has been revised to $55. Analysts at Wolfe Research started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid December. As of December 08, 2023, Deutsche Bank has decreased its “Buy” rating to a “Hold” for AZEK. Earlier on April 24, 2023, Loop Capital upgraded its rating. Their new recommendation was “a Buy” for AZEK stock which previously was a “a Hold”.

Analyzing AZEK Stock Performance

During the last five days, there has been a surge of approximately 7.50%. Over the course of the year, AZEK Company Inc shares have jumped approximately 26.25%. Shares of the company reached a 52-week high of $50.78 on 03/28/24 and a 52-week low of $35.38 on 01/04/24. A 50-day SMA is recorded $47.50, while a 200-day SMA reached $37.70. Nevertheless, trading volume fell to 2.15 million shares from 1.67 million shares the previous day.

Support And Resistance Levels for AZEK Company Inc (AZEK)

According to the 24-hour chart, there is a support level at 46.98, which, if violated, would cause prices to drop to 45.67. In the upper region, resistance lies at 49.03. The next price resistance is at 49.77. RSI (Relative Strength Index) is 58.75 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.17, which suggests the price will decrease in the coming days. Percent R is at 2.85%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.

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