Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Zurn Elkay Water Solutions Corp shares valued at $751,800 were sold by JAHNKE TIMOTHY J on Oct 16 ’24. At $37.59 per share, JAHNKE TIMOTHY J sold 20,000 shares. The insider’s holdings dropped to 345,017 shares worth approximately $12.47 million following the completion of this transaction.
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Also, JAHNKE TIMOTHY J purchased 20,000 shares, netting a total of over 751,094 in proceeds.
Before that, JAHNKE TIMOTHY J had sold 10,035 shares from its account. In a trade valued at $351,225, the Director traded Zurn Elkay Water Solutions Corp shares for $35.00 each. Upon closing the transaction, the insider’s holdings decreased to 10,035 shares, worth approximately $13.55 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 drop of approximately -3.68%. Over the course of the year, Zurn Elkay Water Solutions Corp shares have jumped approximately 22.85%. Nevertheless, trading volume fell to 0.75 million shares from 0.8 million shares the previous day.
Support And Resistance Levels for Zurn Elkay Water Solutions Corp (ZWS)
RSI (Relative Strength Index) is 54.04 on the 14-day chart, showing neutral technical sentiment.
