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Skyline Champion Corp (SKY) may enjoy gains as insiders got busy in the recent days

In a filing, Skyline Champion Corp revealed its Director Berman Michael B acquired Company’s shares for reported $0.29 million on Aug 12 ’24. In the deal valued at $81.59 per share,3,496 shares were bought.

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Then, ROBINETTE FAMILY LLC,LPC bought 1,730 shares, generating $143,590 in total proceeds.

Before that, Anderson Keith A bought 1,205 shares. Skyline Champion Corp shares valued at $100,802 were divested by the Director at a price of $83.65 per share.

Wedbush downgraded its Skyline Champion Corp [SKY] rating to a Neutral from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Barclays’s analysts, who decreased its forecast for the stock in mid December from “an Overweight” to “an Equal weight”. RBC Capital Mkts also remained covering SKY and has decreased its forecast on November 03, 2022 with a “Sector perform” recommendation from previously “an Outperform” rating. Wedbush revised its rating on July 07, 2022. It rated SKY as “an Outperform” which previously was an “a Neutral”.

Price Performance Review of SKY

On Tuesday, Skyline Champion Corp [NYSE:SKY] saw its stock jump 2.46% to $86.17. Over the last five days, the stock has gained 15.74%. Skyline Champion Corp shares have risen nearly 16.04% since the year began. Nevertheless, the stocks have risen 29.99% over the past one year. While a 52-week high of $86.81 was reached on 08/07/24, a 52-week low of $52.12 was recorded on 07/02/24. SMA at 50 days reached $73.60, while 200 days put it at $73.26.

Levels Of Support And Resistance For SKY Stock

The 24-hour chart illustrates a support level at 84.62, which if violated will result in even more drops to 83.08. On the upside, there is a resistance level at 87.00. A further resistance level may holdings at 87.84. The Relative Strength Index (RSI) on the 14-day chart is 67.05, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.03, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.68%. Stochastics%K at 86.80% indicates the stock is a selling.

How much short interest is there in Skyline Champion Corp?

A steep rise in short interest was recorded in Skyline Champion Corp stocks on , dropping by -0.66 million shares to a total of 1.11 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 1.77 million shares. There was a decline of -59.59%, which implies that there is a negative sentiment for the stock.

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