Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Utz Brands Inc shares valued at $15,045 were purchased by Stewart Pamela J on Aug 06 ’24. At $16.81 per share, Stewart Pamela J acquired 895 shares. The insider’s holdings grew to 27,971 shares worth approximately $0.46 million following the completion of this transaction.
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Also, Lindeman Bruce John purchased 4,000 shares, netting a total of over 64,440 in proceeds. Following the buying of shares at $16.11 each, the insider now holds 42,480 shares.
Before that, Choi Christina had sold 3,160 shares from its account. In a trade valued at $56,817, the Director traded Utz Brands Inc shares for $17.98 each. Upon closing the transaction, the insider’s holdings decreased to 3,160 shares, worth approximately $0.49 million.
As published in a research note from BofA Securities on March 14, 2024, Utz Brands Inc [UTZ] has been rated up from a Neutral to a Buy and the price target has been revised to $22 from $19. Analysts at DA Davidson started covering the stock with ‘”a Neutral”‘ outlook in a report released in early March. As of January 03, 2024, Needham has initiated its “Buy” rating for UTZ. Earlier on December 20, 2023, Mizuho initiated its rating. Their recommendation was “a Buy” for UTZ stock.
Analyzing UTZ Stock Performance
During the last five days, there has been a drop of approximately -5.78%. Over the course of the year, Utz Brands Inc shares have jumped approximately 2.53%. Shares of the company reached a 52-week high of $20.04 on 05/02/24 and a 52-week low of $14.17 on 07/29/24. A 50-day SMA is recorded $17.34, while a 200-day SMA reached $17.45. Nevertheless, trading volume fell to 0.54 million shares from 0.41 million shares the previous day.
Support And Resistance Levels for Utz Brands Inc (UTZ)
According to the 24-hour chart, there is a support level at 16.51, which, if violated, would cause prices to drop to 16.41. In the upper region, resistance lies at 16.77. The next price resistance is at 16.92. RSI (Relative Strength Index) is 39.93 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.40, which suggests the price will decrease in the coming days. Percent R is at 93.92%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
