Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Steven Madden Ltd. shares valued at $380,299 were sold by Kumar Maria Teresa on Sep 04 ’24. At $43.99 per share, Kumar Maria Teresa sold 8,646 shares. The insider’s holdings dropped to 4,400 shares worth approximately $0.21 million following the completion of this transaction.
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Also, Maria Teresa Kumar purchased 8,646 shares, netting a total of over 389,070 in proceeds.
Before that, MIGLIORINI PETER had sold 3,000 shares from its account. In a trade valued at $131,438, the Director traded Steven Madden Ltd. shares for $43.81 each. Upon closing the transaction, the insider’s holdings decreased to 3,000 shares, worth approximately $0.77 million.
Analysts at Telsey Advisory Group resumed the stock at ‘”a Market perform”‘ outlook in a report released in early August. As of February 29, 2024, Telsey Advisory Group has reiterated its “Market perform” rating for SHOO. Earlier on February 14, 2024, Piper Sandler initiated its rating. Their recommendation was “a Neutral” for SHOO stock.
Analyzing SHOO Stock Performance
During the last five days, there has been a drop of approximately -0.83%. Over the course of the year, Steven Madden Ltd. shares have jumped approximately 14.24%. Shares of the company reached a 52-week high of $50.01 on 10/01/24 and a 52-week low of $37.99 on 05/01/24. A 50-day SMA is recorded $44.97, while a 200-day SMA reached $42.89. Nevertheless, trading volume fell to 0.68 million shares from 0.43 million shares the previous day.
Support And Resistance Levels for Steven Madden Ltd. (SHOO)
According to the 24-hour chart, there is a support level at 47.54, which, if violated, would cause prices to drop to 47.11. In the upper region, resistance lies at 48.62. The next price resistance is at 49.26. RSI (Relative Strength Index) is 57.24 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.82, which suggests the price will decrease in the coming days. Percent R is at 41.77%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
