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Keeping an Eye on Zurn Elkay Water Solutions Corp (ZWS) After Insider Trading Activity

Zurn Elkay Water Solutions Corp’s recently made public that its Director JAHNKE TIMOTHY J unloaded Company’s shares for reported $0.35 million on Sep 19 ’24. In the deal valued at $35.00 per share,10,035 shares were sold. As a result of this transaction, JAHNKE TIMOTHY J now holds 374,982 shares worth roughly $13.69 million.

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Then, JAHNKE TIMOTHY J sold 9,965 shares, generating $348,775 in total proceeds. Upon selling the shares at $35.00, the Director now owns 365,017 shares.

Before that, JAHNKE TIMOTHY J bought 9,965 shares. Zurn Elkay Water Solutions Corp shares valued at $348,459 were divested by the Director at a price of $34.97 per share.

Exane BNP Paribas initiated its Zurn Elkay Water Solutions Corp [ZWS] rating to an Outperform in a research note published on March 12, 2024; the price target was $40. A number of analysts have revised their coverage, including Mizuho’s analysts, who decreased its forecast for the stock in early February from “a Buy” to “a Neutral”. Stifel also remained covering ZWS and has decreased its forecast on December 19, 2023 with a “Hold” recommendation from previously “Buy” rating. KeyBanc Capital Markets revised its rating on December 13, 2023. It rated ZWS as “a Sector weight” which previously was an “an Overweight”.

Price Performance Review of ZWS

On Friday, Zurn Elkay Water Solutions Corp [NYSE:ZWS] saw its stock jump 1.59% to $36.52. Over the last five days, the stock has gained 0.38%. Zurn Elkay Water Solutions Corp shares have risen nearly 24.18% since the year began. Nevertheless, the stocks have risen 34.02% over the past one year. While a 52-week high of $36.86 was reached on 10/08/24, a 52-week low of $25.09 was recorded on 01/09/24. SMA at 50 days reached $32.89, while 200 days put it at $31.51.

Levels Of Support And Resistance For ZWS Stock

The 24-hour chart illustrates a support level at 36.11, which if violated will result in even more drops to 35.71. On the upside, there is a resistance level at 36.73. A further resistance level may holdings at 36.95. The Relative Strength Index (RSI) on the 14-day chart is 65.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.39, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 12.73%. Stochastics %K at 78.07% indicates the stock is a holding.

How much short interest is there in Zurn Elkay Water Solutions Corp?

A steep rise in short interest was recorded in Zurn Elkay Water Solutions Corp stocks on 2024-09-30, growing by 5.16 million shares to a total of 9.29 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 4.13 million shares. There was a rise of 55.5%, which implies that there is a positive sentiment for the stock.

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