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Taking a look at what insiders are doing to gauge the AZEK Company Inc (AZEK)’s direction

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. AZEK Company Inc shares valued at $934,400 were sold by Singh Jesse G on Jun 18 ’24. At $46.72 per share, Singh Jesse G sold 20,000 shares. The insider’s holdings dropped to 1,037,444 shares worth approximately $43.61 million following the completion of this transaction.

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Also, Singh Jesse G sold 20,000 shares, netting a total of over 929,000 in proceeds. Following the sale of shares at $46.45 each, the insider now holds 234,793 shares.

Before that, Skelly Jonathan had sold 12,000 shares from its account. In a trade valued at $560,640, the Pres. Res. & Comm. traded AZEK Company Inc shares for $46.72 each. Upon closing the transaction, the insider’s holdings decreased to 12,000 shares, worth approximately $7.99 million.

As published in a research note from DA Davidson on July 03, 2024, AZEK Company Inc [AZEK] has been rated down from a Buy to a Neutral and the price target has been revised to $44 from $57. Analysts at The Benchmark Company started covering the stock with ‘”a Buy”‘ outlook in a report released in mid April. As of December 12, 2023, Wolfe Research has initiated its “an Outperform” rating for AZEK. Earlier on December 08, 2023, Deutsche Bank downgraded its rating. Their new recommendation was “a Hold” for AZEK stock which previously was a “a Buy”.

Analyzing AZEK Stock Performance

During the last five days, there has been a surge of approximately 0.60%. Over the course of the year, AZEK Company Inc shares have jumped approximately 9.91%. Shares of the company reached a 52-week high of $50.78 on 03/28/24 and a 52-week low of $35.38 on 01/04/24. A 50-day SMA is recorded $45.55, while a 200-day SMA reached $39.82. Nevertheless, trading volume fell to 2.24 million shares from 1.31 million shares the previous day.

Support And Resistance Levels for AZEK Company Inc (AZEK)

According to the 24-hour chart, there is a support level at 39.72, which, if violated, would cause prices to drop to 38.77. In the upper region, resistance lies at 41.24. The next price resistance is at 41.81. RSI (Relative Strength Index) is 37.58 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.74, which suggests the price will decrease in the coming days. Percent R is at 86.15%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

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