AZEK Company Inc’s recently made public that its CEO and President Singh Jesse G unloaded Company’s shares for reported $0.6 million on May 10 ’24. In the deal valued at $45.97 per share,13,000 shares were sold. As a result of this transaction, Singh Jesse G now holds 1,070,444 shares worth roughly $47.55 million.
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Then, Singh Jesse G sold 13,000 shares, generating $627,958 in total proceeds. Upon selling the shares at $48.30, the CEO and President now owns 1,083,444 shares.
Before that, Singh Jesse G sold 13,000 shares. AZEK Company Inc shares valued at $620,880 were divested by the CEO and President at a price of $47.76 per share. As a result of the transaction, Singh Jesse G now holds 1,096,444 shares, worth roughly $48.7 million.
The Benchmark Company initiated its AZEK Company Inc [AZEK] rating to a Buy in a research note published on April 19, 2024; the price target was $55. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who began to cover the stock in mid December with a ‘”an Outperform”‘ rating. Deutsche Bank also remained covering AZEK and has decreased its forecast on December 08, 2023 with a “Hold” recommendation from previously “Buy” rating. Loop Capital revised its rating on April 24, 2023. It rated AZEK as “a Buy” which previously was an “a Hold”.
Price Performance Review of AZEK
On Friday, AZEK Company Inc [NYSE:AZEK] saw its stock fall -0.36% to $44.42. Over the last five days, the stock has lost -7.38%. AZEK Company Inc shares have risen nearly 16.13% since the year began. Nevertheless, the stocks have risen 64.88% over the past one year. While a 52-week high of $50.78 was reached on 03/28/24, a 52-week low of $25.03 was recorded on 01/04/24. SMA at 50 days reached $46.73, while 200 days put it at $38.83. A total of 0.99 million shares were traded, compared to the trading of 1.75 million shares in the previous session.
Levels Of Support And Resistance For AZEK Stock
The 24-hour chart illustrates a support level at 43.84, which if violated will result in even more drops to 43.25. On the upside, there is a resistance level at 44.92. A further resistance level may holdings at 45.41. The Relative Strength Index (RSI) on the 14-day chart is 39.66, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.62, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.80%. Stochastics %K at 10.04% indicates the stock is a buying.
