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Keeping an Eye on Utz Brands Inc (UTZ) After Insider Trading Activity

Utz Brands Inc’s filing revealed that its EVP, Chief Op & Transform Ofc Devore Cary unloaded Company’s shares for reported $0.52 million on Nov 04 ’24. In the deal valued at $17.32 per share,30,000 shares were sold. As a result of this transaction, Devore Cary now holds 451,117 shares worth roughly $7.77 million.

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Then, CARY D DEVORE bought 30,000 shares, generating $519,499 in total proceeds.

Before that, Stewart Pamela J bought 895 shares. Utz Brands Inc shares valued at $15,045 were divested by the Director at a price of $16.81 per share. As a result of the transaction, Stewart Pamela J now holds 27,971 shares, worth roughly $0.48 million.

BofA Securities upgraded its Utz Brands Inc [UTZ] rating to a Buy from a a Neutral in a research note published on March 14, 2024; the price target was increased to $22 from $19. A number of analysts have revised their coverage, including DA Davidson’s analysts, who began to cover the stock in early March with a ‘”a Neutral”‘ rating. Needham began covering UTZ with “Buy” recommendation on January 03, 2024. Mizuho started covering the stock on December 20, 2023. It rated UTZ as “a Buy”.

Price Performance Review of UTZ

On Tuesday, Utz Brands Inc [NYSE:UTZ] saw its stock fall -0.63% to $17.23. Over the last five days, the stock has gained 4.74%. Utz Brands Inc shares have risen nearly 6.29% since the year began. Nevertheless, the stocks have risen 39.43% over the past one year. While a 52-week high of $20.00 was reached on 05/02/24, a 52-week low of $11.65 was recorded on 07/29/24. SMA at 50 days reached $17.32, while 200 days put it at $17.47.

Levels Of Support And Resistance For UTZ Stock

The 24-hour chart illustrates a support level at 17.03, which if violated will result in even more drops to 16.82. On the upside, there is a resistance level at 17.40. A further resistance level may holdings at 17.56. The Relative Strength Index (RSI) on the 14-day chart is 52.49, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.38, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 41.67%. Stochastics %K at 62.09% indicates the stock is a holding.

How much short interest is there in Utz Brands Inc?

A steep rise in short interest was recorded in Utz Brands Inc stocks on 2024-10-15, dropping by -0.41 million shares to a total of 6.29 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 6.7 million shares. There was a decline of -6.49%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on December 18, 2023 when RBC Capital Mkts resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $19.

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