Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Columbia Sportswear Co. shares valued at $42,564 were sold by SIMMONS SABRINA on May 03 ’24. At $82.17 per share, SIMMONS SABRINA sold 518 shares. The insider’s holdings dropped to 5,965 shares worth approximately $0.47 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, SIMMONS SABRINA sold 523 shares, netting a total of over 42,729 in proceeds. Following the sale of shares at $81.70 each, the insider now holds 6,483 shares.
Before that, Swanson Jim A had sold 7,199 shares from its account. In a trade valued at $557,922, the EVP & CFO traded Columbia Sportswear Co. shares for $77.50 each. Upon closing the transaction, the insider’s holdings decreased to 7,199 shares, worth approximately $0.74 million.
As published in a research note from UBS on January 05, 2024, Columbia Sportswear Co. [COLM] has been rated down from a Neutral to a Sell and the price target has been revised to $62 from $76. Analysts at Seaport Research Partners downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid October. As of August 03, 2023, TD Cowen has decreased its “an Outperform” rating to a “Market perform” for COLM. Earlier on April 25, 2023, Piper Sandler initiated its rating. Their recommendation was “a Neutral” for COLM stock.
Analyzing COLM Stock Performance
During the last five days, there has been a drop of approximately -4.35%. Over the course of the year, Columbia Sportswear Co. shares have dropped approximately -1.37%. Shares of the company reached a 52-week high of $87.23 on 06/03/24 and a 52-week low of $73.04 on 04/16/24. A 50-day SMA is recorded $81.99, while a 200-day SMA reached $78.28. Nevertheless, trading volume fell to 0.51 million shares from 0.49 million shares the previous day.
Support And Resistance Levels for Columbia Sportswear Co. (COLM)
According to the 24-hour chart, there is a support level at 77.93, which, if violated, would cause prices to drop to 77.40. In the upper region, resistance lies at 79.31. The next price resistance is at 80.16. RSI (Relative Strength Index) is 35.66 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.63, which suggests the price will decrease in the coming days. Percent R is at 97.04%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
