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. Steven Madden Ltd shares valued at $22,696 were sold by Davis Peter Allan on Nov 25 ’24. At $45.39 per share, Davis Peter Allan sold 500 shares. The insider’s holdings dropped to 7,757 shares worth approximately $0.33 million following the completion of this transaction.
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Also, Peter Davis purchased 500 shares, netting a total of over 22,696 in proceeds.
Before that, Kumar Maria Teresa had sold 8,646 shares from its account. In a trade valued at $380,299, the Director traded Steven Madden Ltd shares for $43.99 each. Upon closing the transaction, the insider’s holdings decreased to 8,646 shares, worth approximately $0.19 million.
As published in their initiating research note from Needham on November 22, 2024, Steven Madden Ltd [SHOO] has been a Hold. As of August 01, 2024, Telsey Advisory Group has reiterated its “Market perform” rating for SHOO. Earlier on February 29, 2024, Telsey Advisory Group resumed its rating. Their recommendation was “a Market perform” for SHOO stock.
Analyzing SHOO Stock Performance
During the last five days, there has been a drop of approximately -3.23%. Over the course of the year, Steven Madden Ltd shares have jumped approximately 1.40%. Shares of the company reached a 52-week high of $50.01 on 10/01/24 and a 52-week low of $37.99 on 05/01/24. A 50-day SMA is recorded $45.06, while a 200-day SMA reached $43.61. Nevertheless, trading volume fell to 0.7 million shares from 0.37 million shares the previous day.
Support And Resistance Levels for Steven Madden Ltd (SHOO)
According to the 24-hour chart, there is a support level at 42.01, which, if violated, would cause prices to drop to 41.42. In the upper region, resistance lies at 43.62. The next price resistance is at 44.64. RSI (Relative Strength Index) is 38.54 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.15, which suggests the price will decrease in the coming days. Percent R is at 96.75%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
