Steven Madden Ltd’s filing revealed that its Director Davis Peter Allan unloaded Company’s shares for reported $22696.0 on Nov 25 ’24. In the deal valued at $45.39 per share,500 shares were sold. As a result of this transaction, Davis Peter Allan now holds 7,757 shares worth roughly $0.32 million.
Then, Peter Davis bought 500 shares, generating $22,696 in total proceeds.
Before that, Kumar Maria Teresa sold 8,646 shares. Steven Madden Ltd shares valued at $380,299 were divested by the Director at a price of $43.99 per share. As a result of the transaction, Kumar Maria Teresa now holds 4,400 shares, worth roughly $0.18 million.
Needham initiated its Steven Madden Ltd [SHOO] rating to a Hold in a research note published recently. Telsey Advisory Group also remained covering SHOO and reiterated its “Market perform” recommendation on August 01, 2024. Telsey Advisory Group maintained its rating on February 29, 2024. It rated SHOO as “a Market perform”.
Price Performance Review of SHOO
On Tuesday, Steven Madden Ltd [NASDAQ:SHOO] saw its stock jump 1.44% to $40.84. Over the last five days, the stock has lost -3.11%. Steven Madden Ltd shares have fallen nearly -3.95% since the year began. Nevertheless, the stocks have fallen -2.79% over the past one year. While a 52-week high of $50.01 was reached on 01/02/25, a 52-week low of $37.99 was recorded on 01/13/25. SMA at 50 days reached $43.50, while 200 days put it at $43.65.
Levels Of Support And Resistance For SHOO Stock
The 24-hour chart illustrates a support level at 40.45, which if violated will result in even more drops to 40.07. On the upside, there is a resistance level at 41.12. A further resistance level may holdings at 41.40. The Relative Strength Index (RSI) on the 14-day chart is 34.82, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.12, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.89%. Stochastics %K at 18.62% 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 2024-12-31, growing by 0.45 million shares to a total of 3.7 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 3.25 million shares. There was a rise of 12.05%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on February 14, 2024 when Piper Sandler began covering the stock and recommended ‘”a Neutral”‘ rating along with a $45 price target.
