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Telsey Advisory Group analysts reiterates a Market perform rating for Steven Madden Ltd. (SHOO)

In a filing, Steven Madden Ltd. revealed its Director MIGLIORINI PETER unloaded Company’s shares for reported $0.13 million on Jun 12 ’24. In the deal valued at $43.81 per share,3,000 shares were sold. As a result of this transaction, MIGLIORINI PETER now holds 16,006 shares worth roughly $0.67 million.

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Then, LYNCH ROSE PEABODY sold 1,600 shares, generating $71,058 in total proceeds. Upon selling the shares at $44.41, the Director now owns 21,303 shares.

Before that, Frieders Karla sold 10,000 shares. Steven Madden Ltd. shares valued at $449,052 were divested by the Chief Merchandising Officer at a price of $44.91 per share. As a result of the transaction, Frieders Karla now holds 86,658 shares, worth roughly $3.6 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 Monday, Steven Madden Ltd. [NASDAQ:SHOO] saw its stock fall -1.70% to $41.58. Over the last five days, the stock has lost -6.37%. Steven Madden Ltd. shares have fallen nearly -1.00% since the year began. Nevertheless, the stocks have risen 27.86% 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 $42.27, while 200 days put it at $39.55. A total of 0.69 million shares were traded, compared to the trading of 1.7 million shares in the previous session.

Levels Of Support And Resistance For SHOO Stock

The 24-hour chart illustrates a support level at 41.04, which if violated will result in even more drops to 40.49. On the upside, there is a resistance level at 42.34. A further resistance level may holdings at 43.09. The Relative Strength Index (RSI) on the 14-day chart is 38.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.21, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.43%. Stochastics%K at 11.63% indicates the stock is a buying.

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