Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. AZZ Inc shares valued at $1,233,276 were sold by Stovall Bryan Lee on Jul 18 ’24. At $84.79 per share, Stovall Bryan Lee sold 14,545 shares. The insider’s holdings dropped to 20,000 shares worth approximately $1.55 million following the completion of this transaction.
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Also, Mackey Tara D sold 9,434 shares, netting a total of over 798,834 in proceeds. Following the sale of shares at $84.68 each, the insider now holds 24,795 shares.
Before that, Mackey Tara D had sold 331 shares from its account. In a trade valued at $27,638, the Chief Legal Officer traded AZZ Inc shares for $83.50 each. Upon closing the transaction, the insider’s holdings decreased to 331 shares, worth approximately $2.65 million.
As published in their initiating research note from Wolfe Research on July 31, 2024, AZZ Inc [AZZ] has been a Peer perform. Analysts at Robert W. Baird started covering the stock with ‘”a Neutral”‘ outlook in a report released in late July. As of June 14, 2024, Evercore ISI has initiated its “an Outperform” rating for AZZ. Earlier on May 20, 2024, Jefferies initiated its rating. Their recommendation was “a Buy” for AZZ stock.
Analyzing AZZ Stock Performance
During the last five days, there has been a drop of approximately -3.65%. Over the course of the year, AZZ Inc shares have jumped approximately 33.07%. Shares of the company reached a 52-week high of $88.67 on 07/18/24 and a 52-week low of $55.78 on 01/10/24. A 50-day SMA is recorded $78.69, while a 200-day SMA reached $74.92. Nevertheless, trading volume fell to 0.54 million shares from 0.26 million shares the previous day.
Support And Resistance Levels for AZZ Inc (AZZ)
According to the 24-hour chart, there is a support level at 74.24, which, if violated, would cause prices to drop to 71.18. In the upper region, resistance lies at 80.68. The next price resistance is at 84.06. RSI (Relative Strength Index) is 41.65 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.39, which suggests the price will decrease in the coming days. Percent R is at 68.46%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
