Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Simpson Manufacturing Co., Inc shares valued at $89,375 were sold by ANDRASICK JAMES S on Aug 28 ’24. At $178.75 per share, ANDRASICK JAMES S sold 500 shares. The insider’s holdings dropped to 866 shares worth approximately $0.16 million following the completion of this transaction.
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Also, ANDRASICK JAMES S purchased 500 shares, netting a total of over 89,375 in proceeds.
Before that, Andersen Michael had sold 1,500 shares from its account. In a trade valued at $281,190, the EVP, Europe traded Simpson Manufacturing Co., Inc shares for $187.46 each. Upon closing the transaction, the insider’s holdings decreased to 1,500 shares, worth approximately $1.56 million.
As published in a research note from Sidoti on February 08, 2022, Simpson Manufacturing Co., Inc [SSD] has been rated up from a Neutral to a Buy and the price target has been revised to $152. Analysts at CJS Securities upgraded the stock from ‘”a Market perform”‘ to ‘”a Market outperform”‘ outlook in a report released in early February. As of October 15, 2020, Robert W. Baird has increased its “Neutral” rating to a “an Outperform” for SSD. Earlier on July 28, 2020, DA Davidson downgraded its rating. Their new recommendation was “a Neutral” for SSD stock which previously was a “a Buy”.
Analyzing SSD Stock Performance
During the last five days, there has been a surge of approximately 2.03%. Over the course of the year, Simpson Manufacturing Co., Inc shares have dropped approximately -6.69%. Shares of the company reached a 52-week high of $218.38 on 03/08/24 and a 52-week low of $157.42 on 06/11/24. A 50-day SMA is recorded $184.53, while a 200-day SMA reached $183.05. Nevertheless, trading volume fell to 0.65 million shares from 0.29 million shares the previous day.
Support And Resistance Levels for Simpson Manufacturing Co., Inc (SSD)
According to the 24-hour chart, there is a support level at 181.19, which, if violated, would cause prices to drop to 177.63. In the upper region, resistance lies at 188.41. The next price resistance is at 192.07. RSI (Relative Strength Index) is 51.03 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.23, which suggests the price will decrease in the coming days. Percent R is at 40.55%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
