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Insider Selling: Skelly Jonathan, AZEK Company Inc [AZEK] Pres. Res. & Comm. divested 19,022 shares

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. AZEK Company Inc shares valued at $782,755 were sold by Skelly Jonathan on Aug 16 ’24. At $41.15 per share, Skelly Jonathan sold 19,022 shares. The insider’s holdings dropped to 189,974 shares worth approximately $8.84 million following the completion of this transaction.

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Also, Singh Jesse G sold 20,000 shares, netting a total of over 829,400 in proceeds. Following the sale of shares at $41.47 each, the insider now holds 186,705 shares.

Before that, Edwards Pamela J had added 600 shares to its account. In a trade valued at $25,020, the Director bought AZEK Company Inc shares for $41.70 each. Upon closing the transaction, the insider’s holdings increased to 600 shares, worth approximately $0.41 million.

As published in a research note from Loop Capital on October 04, 2024, AZEK Company Inc [AZEK] has been rated down from a Buy to a Hold and the price target has been revised to $47. Analysts at BMO Capital Markets downgraded the stock from ‘”an Outperform”‘ to ‘”a Market perform”‘ outlook in a report released in late July. As of July 03, 2024, DA Davidson has decreased its “Buy” rating to a “Neutral” for AZEK. Earlier on April 19, 2024, The Benchmark Company initiated its rating. Their recommendation was “a Buy” for AZEK stock.

Analyzing AZEK Stock Performance

During the last five days, there has been a surge of approximately 5.80%. Over the course of the year, AZEK Company Inc shares have jumped approximately 21.70%. Shares of the company reached a 52-week high of $50.78 on 03/28/24 and a 52-week low of $35.38 on 01/04/24. A 50-day SMA is recorded $44.16, while a 200-day SMA reached $44.82. Nevertheless, trading volume fell to 1.36 million shares from 1.66 million shares the previous day.

Support And Resistance Levels for AZEK Company Inc (AZEK)

According to the 24-hour chart, there is a support level at 45.78, which, if violated, would cause prices to drop to 45.00. In the upper region, resistance lies at 46.96. The next price resistance is at 47.36. RSI (Relative Strength Index) is 64.49 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.80, which suggests the price will increase in the coming days. Percent R is at 3.52%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.

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