Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Zurn Elkay Water Solutions Corp shares valued at $6,558,463 were sold by ADAMS TODD A. on Nov 07 ’24. At $39.15 per share, ADAMS TODD A. sold 167,508 shares. The insider’s holdings dropped to 2,272,347 shares worth approximately $88.19 million following the completion of this transaction.
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Also, ADAMS TODD A. sold 120,000 shares, netting a total of over 4,779,600 in proceeds. Following the sale of shares at $39.83 each, the insider now holds 2,242,867 shares.
Before that, PETERSON MARK W had sold 22,203 shares from its account. In a trade valued at $869,247, the Chief Administrative Officer traded Zurn Elkay Water Solutions Corp shares for $39.15 each. Upon closing the transaction, the insider’s holdings decreased to 22,203 shares, worth approximately $14.9 million.
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 drop of approximately -1.52%. Over the course of the year, Zurn Elkay Water Solutions Corp shares have jumped approximately 31.96%. 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 $36.57, while a 200-day SMA reached $32.70. Nevertheless, trading volume fell to 0.56 million shares from 0.81 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 38.58, which, if violated, would cause prices to drop to 38.35. In the upper region, resistance lies at 39.07. The next price resistance is at 39.33. RSI (Relative Strength Index) is 59.63 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.12, which suggests the price will decrease in the coming days. Percent R is at 40.76%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
