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 $1,486,552 were sold by PETERSON MARK W on Nov 04 ’24. At $37.16 per share, PETERSON MARK W sold 40,000 shares. The insider’s holdings dropped to 360,727 shares worth approximately $14.4 million following the completion of this transaction.
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Also, ADAMS TODD A. purchased 130,000 shares, netting a total of over 5,190,900 in proceeds.
Before that, MARK W PETERSON had added 40,000 shares to its account. In a trade valued at $1,486,552, the Officer bought Zurn Elkay Water Solutions Corp shares for $37.16 each.
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 surge of approximately 11.17%. Over the course of the year, Zurn Elkay Water Solutions Corp shares have jumped approximately 35.70%. Shares of the company reached a 52-week high of $40.64 on 11/06/24 and a 52-week low of $27.55 on 01/09/24. A 50-day SMA is recorded $35.05, while a 200-day SMA reached $32.25. Nevertheless, trading volume fell to 1.97 million shares from 1.31 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 39.31, which, if violated, would cause prices to drop to 38.70. In the upper region, resistance lies at 40.58. The next price resistance is at 41.24. RSI (Relative Strength Index) is 77.52 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.67, which suggests the price will increase in the coming days. Percent R is at 13.88%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
