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Recent Insider Activity Suggests Potential Gains for Simpson Manufacturing Co., Inc. (SSD)

Simpson Manufacturing Co., Inc.’s recently made public that its EVP, Human Resources Lutz Jennifer unloaded Company’s shares for reported $0.13 million on May 20 ’24. In the deal valued at $171.14 per share,750 shares were sold. As a result of this transaction, Lutz Jennifer now holds 5,033 shares worth roughly $0.83 million.

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Then, Dankel Roger sold 2,000 shares, generating $350,260 in total proceeds. Upon selling the shares at $175.13, the EVP, NA Sales now owns 26,764 shares.

Before that, Dankel Roger sold 850 shares. Simpson Manufacturing Co., Inc. shares valued at $168,368 were divested by the EVP, NA Sales at a price of $198.08 per share. As a result of the transaction, Dankel Roger now holds 28,764 shares, worth roughly $4.75 million.

Sidoti upgraded its Simpson Manufacturing Co., Inc. [SSD] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including CJS Securities’s analysts, who increased its forecast for the stock in early February from “a Market perform” to “a Market outperform”. Robert W. Baird also remained covering SSD and has increased its forecast on October 15, 2020 with a “an Outperform” recommendation from previously “Neutral” rating. DA Davidson revised its rating on July 28, 2020. It rated SSD as “a Neutral” which previously was an “a Buy”.

Price Performance Review of SSD

On Tuesday, Simpson Manufacturing Co., Inc. [NYSE:SSD] saw its stock jump 0.66% to $165.00. Over the last five days, the stock has lost -2.09%. Simpson Manufacturing Co., Inc. shares have fallen nearly -16.66% since the year began. Nevertheless, the stocks have risen 19.13% over the past one year. While a 52-week high of $218.38 was reached on 03/08/24, a 52-week low of $123.93 was recorded on 06/11/24. SMA at 50 days reached $170.52, while 200 days put it at $174.07. A total of 0.33 million shares were traded, compared to the trading of 0.29 million shares in the previous session.

Levels Of Support And Resistance For SSD Stock

The 24-hour chart illustrates a support level at 164.03, which if violated will result in even more drops to 163.06. On the upside, there is a resistance level at 165.83. A further resistance level may holdings at 166.67. The Relative Strength Index (RSI) on the 14-day chart is 44.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.41, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 70.08%. Stochastics%K at 41.25% indicates the stock is a holding.

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