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Analyzing Rocky Brands, Inc (RCKY) After Recent Trading Activity

In a filing, Rocky Brands, Inc revealed its Officer Haning G Courtney acquired Company’s shares for reported $0.14 million on Aug 01 ’24. In the deal valued at $34.28 per share,4,000 shares were bought.

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Then, LOVELAND CURTIS A sold 4,000 shares, generating $148,000 in total proceeds. Upon selling the shares at $37.00, the Assistant Secretary now owns 95,804 shares.

Before that, Moore Robert Burton Jr. sold 9,000 shares. Rocky Brands, Inc shares valued at $349,380 were divested by the Director at a price of $38.82 per share. As a result of the transaction, Moore Robert Burton Jr. now holds 29,517 shares, worth roughly $0.95 million.

B. Riley Securities initiated its Rocky Brands, Inc [RCKY] rating to a Neutral in a research note published on March 30, 2023; the price target was $28. A number of analysts have revised their coverage, including BTIG Research’s analysts, who began to cover the stock in early February with a ‘”a Neutral”‘ rating. BTIG Research began covering RCKY with “Buy” recommendation on July 27, 2021. B. Riley Securities started covering the stock on March 25, 2021. It rated RCKY as “a Buy”.

Price Performance Review of RCKY

On Friday, Rocky Brands, Inc [NASDAQ:RCKY] saw its stock jump 2.35% to $32.24. Over the last five days, the stock has gained 1.64%. Rocky Brands, Inc shares have risen nearly 6.83% since the year began. Nevertheless, the stocks have risen 78.71% over the past one year. While a 52-week high of $40.14 was reached on 05/20/24, a 52-week low of $11.77 was recorded on 03/27/24. SMA at 50 days reached $32.70, while 200 days put it at $30.37.

Levels Of Support And Resistance For RCKY Stock

The 24-hour chart illustrates a support level at 31.26, which if violated will result in even more drops to 30.28. On the upside, there is a resistance level at 32.98. A further resistance level may holdings at 33.72. The Relative Strength Index (RSI) on the 14-day chart is 55.12, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.65, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 8.57%. Stochastics %K at 86.92% indicates the stock is a selling.

How much short interest is there in Rocky Brands, Inc?

A steep rise in short interest was recorded in Rocky Brands, Inc stocks on 2024-08-15, dropping by 67607.0 shares to a total of 0.11 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 0.18 million shares. There was a decline of -59.0%, which implies that there is a negative sentiment for the stock.

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