Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Champion Homes Inc. shares valued at $53,610,000 were purchased by MAK Capital Fund LP and its wh on Sep 04 ’24. At $89.35 per share, MAK Capital Fund LP and its wh acquired 600,000 shares.
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Also, LYALL JONATHAN WADE sold 10,000 shares, netting a total of over 899,000 in proceeds. Following the sale of shares at $89.90 each, the insider now holds 36,082 shares.
Before that, SPENCE ROBERT had added 3,500 shares to its account. In a trade valued at $326,060, the Former Officer bought Champion Homes Inc. shares for $93.16 each.
As published in a research note from Wedbush on December 18, 2023, Champion Homes Inc. [SKY] has been rated down from an Outperform to a Neutral and the price target has been revised to $72. Analysts at Barclays downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal weight”‘ outlook in a report released in mid December. As of November 03, 2022, RBC Capital Mkts has decreased its “an Outperform” rating to a “Sector perform” for SKY. Earlier on July 07, 2022, Wedbush upgraded its rating. Their new recommendation was “an Outperform” for SKY stock which previously was a “a Neutral”.
Analyzing SKY Stock Performance
During the last five days, there has been a drop of approximately -0.87%. Over the course of the year, Champion Homes Inc. shares have jumped approximately 21.12%. Shares of the company reached a 52-week high of $93.67 on 08/30/24 and a 52-week low of $64.82 on 07/02/24. A 50-day SMA is recorded $79.58, while a 200-day SMA reached $75.68. Nevertheless, trading volume fell to 0.51 million shares from 0.4 million shares the previous day.
Support And Resistance Levels for Champion Homes Inc. (SKY)
According to the 24-hour chart, there is a support level at 88.20, which, if violated, would cause prices to drop to 86.46. In the upper region, resistance lies at 91.28. The next price resistance is at 92.62. RSI (Relative Strength Index) is 58.47 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.65, which suggests the price will decrease in the coming days. Percent R is at 57.23%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
