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. Zurn Elkay Water Solutions Corp shares valued at $1,720,157 were sold by Chhabra Sudhanshu on Sep 12 ’24. At $32.55 per share, Chhabra Sudhanshu sold 52,851 shares. The insider’s holdings dropped to 80,151 shares worth approximately $2.73 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, SUDHANSHU CHHABRA purchased 52,851 shares, netting a total of over 1,720,152 in proceeds.
Before that, JAHNKE TIMOTHY J had sold 15,600 shares from its account. In a trade valued at $515,276, the Director traded Zurn Elkay Water Solutions Corp shares for $33.03 each. Upon closing the transaction, the insider’s holdings decreased to 15,600 shares, worth approximately $13.1 million.
As published in their initiating research note from Exane BNP Paribas on March 12, 2024, Zurn Elkay Water Solutions Corp [ZWS] has been an Outperform and the price target has been revised to $40. Analysts at Mizuho downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early February. As of December 19, 2023, Stifel has decreased its “Buy” rating to a “Hold” for ZWS. Earlier on December 13, 2023, KeyBanc Capital Markets downgraded its rating. Their new recommendation was “a Sector weight” for ZWS stock which previously was a “an Overweight”.
Analyzing ZWS Stock Performance
During the last five days, there has been a surge of approximately 5.98%. Over the course of the year, Zurn Elkay Water Solutions Corp shares have jumped approximately 15.67%. Shares of the company reached a 52-week high of $34.94 on 09/18/24 and a 52-week low of $27.55 on 01/09/24. A 50-day SMA is recorded $31.40, while a 200-day SMA reached $30.99. Nevertheless, trading volume fell to 2.01 million shares from 1.22 million shares the previous day.
Support And Resistance Levels for Zurn Elkay Water Solutions Corp (ZWS)
According to the 24-hour chart, there is a support level at 33.53, which, if violated, would cause prices to drop to 33.03. In the upper region, resistance lies at 34.73. The next price resistance is at 35.43. RSI (Relative Strength Index) is 65.17 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.61, which suggests the price will increase in the coming days. Percent R is at 17.25%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
#####
#####
