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SHOO (Steven Madden Ltd.) may reap gains as insiders became active recently

In a filing, Steven Madden Ltd. revealed its Director LYNCH ROSE PEABODY unloaded Company’s shares for reported $71058.0 on Jun 05 ’24. In the deal valued at $44.41 per share,1,600 shares were sold. As a result of this transaction, LYNCH ROSE PEABODY now holds 21,303 shares worth roughly $0.95 million.

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Then, Frieders Karla sold 10,000 shares, generating $449,052 in total proceeds. Upon selling the shares at $44.91, the Chief Merchandising Officer now owns 86,658 shares.

Before that, Rosenfeld Edward R. sold 48,500 shares. Steven Madden Ltd. shares valued at $2,012,144 were divested by the Chief Executive Officer at a price of $41.49 per share. As a result of the transaction, Rosenfeld Edward R. now holds 697,038 shares, worth roughly $31.04 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 fall -1.72% to $44.53. Over the last five days, the stock has gained 0.18%. Steven Madden Ltd. shares have risen nearly 6.02% since the year began. Nevertheless, the stocks have risen 32.14% over the past one year. While a 52-week high of $45.91 was reached on 06/03/24, a 52-week low of $30.35 was recorded on 05/01/24. SMA at 50 days reached $41.35, while 200 days put it at $38.84. A total of 0.57 million shares were traded, compared to the trading of 0.52 million shares in the previous session.

Levels Of Support And Resistance For SHOO Stock

The 24-hour chart illustrates a support level at 44.18, which if violated will result in even more drops to 43.84. On the upside, there is a resistance level at 45.11. A further resistance level may holdings at 45.70. The Relative Strength Index (RSI) on the 14-day chart is 62.56, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.32, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 27.60%. Stochastics %K at 76.33% indicates the stock is a holding.

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