In a filing, Steven Madden Ltd revealed its Director Kumar Maria Teresa unloaded Company’s shares for reported $0.38 million on Sep 04 ’24. In the deal valued at $43.99 per share,8,646 shares were sold. As a result of this transaction, Kumar Maria Teresa now holds 4,400 shares worth roughly $0.19 million.
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Then, Maria Teresa Kumar bought 8,646 shares, generating $389,070 in total proceeds.
Before that, MIGLIORINI PETER sold 3,000 shares. Steven Madden Ltd shares valued at $131,438 were divested by the Director at a price of $43.81 per share. As a result of the transaction, MIGLIORINI PETER now holds 16,006 shares, worth roughly $0.68 million.
A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who remained covering the stock and in early August has reiterated a ‘”a Market perform”‘ rating for it. Telsey Advisory Group also remained covering SHOO and reiterated its “Market perform” recommendation on February 29, 2024. Piper Sandler started covering the stock on February 14, 2024. It rated SHOO as “a Neutral”.
Price Performance Review of SHOO
On Tuesday, Steven Madden Ltd [NASDAQ:SHOO] saw its stock fall -0.61% to $42.53. Over the last five days, the stock has lost -5.43%. Steven Madden Ltd shares have risen nearly 1.26% since the year began. Nevertheless, the stocks have risen 16.39% over the past one year. While a 52-week high of $50.01 was reached on 10/01/24, a 52-week low of $36.23 was recorded on 05/01/24. SMA at 50 days reached $46.40, while 200 days put it at $43.48.
Levels Of Support And Resistance For SHOO Stock
The 24-hour chart illustrates a support level at 42.02, which if violated will result in even more drops to 41.52. On the upside, there is a resistance level at 42.92. A further resistance level may holdings at 43.32. The Relative Strength Index (RSI) on the 14-day chart is 32.12, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.51, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.80%. Stochastics %K at 5.44% indicates the stock is a buying.
How much short interest is there in Steven Madden Ltd?
A steep rise in short interest was recorded in Steven Madden Ltd stocks on 2024-10-31, dropping by -0.28 million shares to a total of 2.74 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 3.02 million shares. There was a decline of -10.09%, which implies that there is a negative sentiment for the stock.
