Zurn Elkay Water Solutions Corp’s recently made public that its Chief Information Officer Troutman Michael unloaded Company’s shares for reported $3.66 million on Oct 31 ’24. In the deal valued at $36.34 per share,100,851 shares were sold. As a result of this transaction, Troutman Michael now holds 42,927 shares worth roughly $1.59 million.
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Then, MICHAEL D TROUTMAN bought 100,851 shares, generating $3,664,455 in total proceeds.
Before that, JAHNKE TIMOTHY J sold 20,000 shares. Zurn Elkay Water Solutions Corp shares valued at $751,800 were divested by the Director at a price of $37.59 per share. As a result of the transaction, JAHNKE TIMOTHY J now holds 345,017 shares, worth roughly $12.79 million.
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 2.71% to $37.08. Over the last five days, the stock has gained 3.09%. Zurn Elkay Water Solutions Corp shares have risen nearly 26.08% since the year began. Nevertheless, the stocks have risen 35.58% over the past one year. While a 52-week high of $38.11 was reached on 10/16/24, a 52-week low of $25.54 was recorded on 01/09/24. SMA at 50 days reached $34.66, while 200 days put it at $32.11.
Levels Of Support And Resistance For ZWS Stock
The 24-hour chart illustrates a support level at 36.44, which if violated will result in even more drops to 35.80. On the upside, there is a resistance level at 37.43. A further resistance level may holdings at 37.78. The Relative Strength Index (RSI) on the 14-day chart is 62.41, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 37.73%. Stochastics %K at 35.90% 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 2024-10-15, growing by 2.77 million shares to a total of 7.95 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 5.18 million shares. There was a rise of 34.84%, which implies that there is a positive sentiment for the stock.
