The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Champion Homes Inc shares valued at $1,306,500 were sold by Yost Mark J. on Sep 10 ’24. At $87.10 per share, Yost Mark J. sold 15,000 shares. The insider’s holdings dropped to 212,327 shares worth approximately $19.6 million following the completion of this transaction.
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Also, Yost Mark J. sold 15,000 shares, netting a total of over 1,289,523 in proceeds. Following the sale of shares at $85.97 each, the insider now holds 197,327 shares.
Before that, Yost Mark J. had added 30,000 shares to its account. In a trade valued at $2,623,200, the Officer bought Champion Homes Inc shares for $87.44 each.
As published in a research note from Wedbush on December 18, 2023, Champion Homes Inc [SKY] has been rated down from an Outperform to a Neutral and the price target has been revised to $72. Analysts at Barclays downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal weight”‘ outlook in a report released in mid December. As of November 03, 2022, RBC Capital Mkts has decreased its “an Outperform” rating to a “Sector perform” for SKY. Earlier on July 07, 2022, Wedbush upgraded its rating. Their new recommendation was “an Outperform” for SKY stock which previously was a “a Neutral”.
Analyzing SKY Stock Performance
During the last five days, there has been a surge of approximately 2.60%. Over the course of the year, Champion Homes Inc shares have jumped approximately 24.33%. Shares of the company reached a 52-week high of $101.39 on 10/18/24 and a 52-week low of $64.82 on 07/02/24. A 50-day SMA is recorded $92.51, while a 200-day SMA reached $81.33. Nevertheless, trading volume fell to 0.58 million shares from 0.34 million shares the previous day.
Support And Resistance Levels for Champion Homes Inc (SKY)
According to the 24-hour chart, there is a support level at 90.59, which, if violated, would cause prices to drop to 88.86. In the upper region, resistance lies at 93.74. The next price resistance is at 95.16. RSI (Relative Strength Index) is 50.94 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.42, which suggests the price will decrease in the coming days. Percent R is at 57.78%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
