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. Quanex Building Products Corp shares valued at $115,566 were sold by Cornett Paul on Mar 21 ’24. At $37.72 per share, Cornett Paul sold 3,064 shares. The insider’s holdings dropped to 43,902 shares worth approximately $1.11 million following the completion of this transaction.
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Also, Cornett Paul sold 2,436 shares, netting a total of over 91,480 in proceeds. Following the sale of shares at $37.55 each, the insider now holds 44,530 shares.
Before that, STEVENS CURTIS M had sold 4,880 shares from its account. In a trade valued at $148,665, the Director traded Quanex Building Products Corp shares for $30.46 each. Upon closing the transaction, the insider’s holdings decreased to 4,880 shares, worth approximately $0.13 million.
As published in a research note from CJS Securities on September 04, 2020, Quanex Building Products Corp [NX] has been rated up from a Market perform to a Market outperform. Analysts at The Benchmark Company started covering the stock with ‘”a Buy”‘ outlook in a report released in early April. As of March 10, 2020, Sidoti has increased its “Neutral” rating to a “Buy” for NX. Earlier on December 10, 2019, CJS Securities downgraded its rating. Their new recommendation was “a Market perform” for NX stock which previously was a “a Market outperform”.
Analyzing NX Stock Performance
During the last five days, there has been a drop of approximately -10.07%. Over the course of the year, Quanex Building Products Corp shares have dropped approximately -17.34%. Shares of the company reached a 52-week high of $39.31 on 03/28/24 and a 52-week low of $25.00 on 09/04/24. A 50-day SMA is recorded $28.72, while a 200-day SMA reached $31.91. Nevertheless, trading volume fell to 0.87 million shares from 0.44 million shares the previous day.
Support And Resistance Levels for Quanex Building Products Corp (NX)
According to the 24-hour chart, there is a support level at 24.89, which, if violated, would cause prices to drop to 24.51. In the upper region, resistance lies at 25.76. The next price resistance is at 26.25. RSI (Relative Strength Index) is 32.29 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.30, which suggests the price will decrease in the coming days. Percent R is at 93.72%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
