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. Utz Brands Inc shares valued at $48,678,335 were sold by CC Collier Holdings, LLC on Nov 06 ’24. At $17.29 per share, CC Collier Holdings, LLC sold 2,815,404 shares. The insider’s holdings dropped to 496,038 shares worth approximately $8.22 million following the completion of this transaction.
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Also, CC Collier Holdings, LLC purchased 2,815,404 shares, netting a total of over 48,819,105 in proceeds.
Before that, Devore Cary had sold 30,000 shares from its account. In a trade valued at $519,498, the EVP, Chief Op & Transform Ofc traded Utz Brands Inc shares for $17.32 each. Upon closing the transaction, the insider’s holdings decreased to 30,000 shares, worth approximately $7.48 million.
As published in a research note from BofA Securities on March 14, 2024, Utz Brands Inc [UTZ] has been rated up from a Neutral to a Buy and the price target has been revised to $22 from $19. Analysts at DA Davidson started covering the stock with ‘”a Neutral”‘ outlook in a report released in early March. As of January 03, 2024, Needham has initiated its “Buy” rating for UTZ. Earlier on December 20, 2023, Mizuho initiated its rating. Their recommendation was “a Buy” for UTZ stock.
Analyzing UTZ Stock Performance
During the last five days, there has been a drop of approximately -8.05%. Over the course of the year, Utz Brands Inc shares have jumped approximately 2.22%. Shares of the company reached a 52-week high of $20.04 on 05/02/24 and a 52-week low of $14.17 on 07/29/24. A 50-day SMA is recorded $17.34, while a 200-day SMA reached $17.47. Nevertheless, trading volume fell to 1.12 million shares from 0.77 million shares the previous day.
Support And Resistance Levels for Utz Brands Inc (UTZ)
According to the 24-hour chart, there is a support level at 16.29, which, if violated, would cause prices to drop to 16.00. In the upper region, resistance lies at 17.12. The next price resistance is at 17.66. RSI (Relative Strength Index) is 43.37 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.08, which suggests the price will decrease in the coming days. Percent R is at 76.44%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
