In a filing, AZZ Inc revealed its COO – Metal Coatings Stovall Bryan Lee unloaded Company’s shares for reported $1.23 million on Jul 18 ’24. In the deal valued at $84.79 per share,14,545 shares were sold. As a result of this transaction, Stovall Bryan Lee now holds 20,000 shares worth roughly $1.65 million.
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Then, Mackey Tara D sold 9,434 shares, generating $798,834 in total proceeds. Upon selling the shares at $84.68, the Chief Legal Officer now owns 24,795 shares.
Before that, Mackey Tara D sold 331 shares. AZZ Inc shares valued at $27,638 were divested by the Chief Legal Officer at a price of $83.50 per share. As a result of the transaction, Mackey Tara D now holds 34,229 shares, worth roughly $2.83 million.
Wolfe Research initiated its AZZ Inc [AZZ] rating to a Peer perform in a research note published recently. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who began to cover the stock in late July with a ‘”a Neutral”‘ rating. Evercore ISI began covering AZZ with “an Outperform” recommendation on June 14, 2024. Jefferies started covering the stock on May 20, 2024. It rated AZZ as “a Buy”.
Price Performance Review of AZZ
On Tuesday, AZZ Inc [NYSE:AZZ] saw its stock jump 1.21% to $82.64. Over the last five days, the stock has lost -8.04%. AZZ Inc shares have risen nearly 42.40% since the year began. Nevertheless, the stocks have risen 45.07% over the past one year. While a 52-week high of $97.98 was reached on 11/25/24, a 52-week low of $55.78 was recorded on 01/10/24. SMA at 50 days reached $85.70, while 200 days put it at $80.30.
Levels Of Support And Resistance For AZZ Stock
The 24-hour chart illustrates a support level at 81.99, which if violated will result in even more drops to 81.25. On the upside, there is a resistance level at 83.09. A further resistance level may holdings at 83.45. The Relative Strength Index (RSI) on the 14-day chart is 37.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -7.89, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.71%. Stochastics %K at 10.06% indicates the stock is a buying.
How much short interest is there in AZZ Inc?
A steep rise in short interest was recorded in AZZ Inc stocks on 2024-11-29, growing by 6292.0 shares to a total of 0.42 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 0.42 million shares. There was a rise of 1.48%, which implies that there is a positive sentiment for the stock.
