Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. 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 $12.39 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
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 $13.46 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 -0.64%. Over the course of the year, Zurn Elkay Water Solutions Corp shares have jumped approximately 22.07%. Shares of the company reached a 52-week high of $38.11 on 10/16/24 and a 52-week low of $27.55 on 01/09/24. A 50-day SMA is recorded $34.46, while a 200-day SMA reached $32.03. Nevertheless, trading volume fell to 1.64 million shares from 1.4 million shares the previous day.
Support And Resistance Levels for Zurn Elkay Water Solutions Corp (ZWS)
According to the 24-hour chart, there is a support level at 35.39, which, if violated, would cause prices to drop to 34.89. In the upper region, resistance lies at 36.61. The next price resistance is at 37.33. RSI (Relative Strength Index) is 51.16 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.60, which suggests the price will decrease in the coming days. Percent R is at 80.95%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
