Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Marinemax, Inc shares valued at $401,000 were sold by Cashman Charles A on Nov 07 ’24. At $32.08 per share, Cashman Charles A sold 12,500 shares. The insider’s holdings dropped to 67,114 shares worth approximately $2.17 million following the completion of this transaction.
Also, Cashman Charles A purchased 12,500 shares, netting a total of over 402,500 in proceeds.
Before that, Moore Clint had sold 2,500 shares from its account. In a trade valued at $75,075, the Director traded Marinemax, Inc shares for $30.03 each. Upon closing the transaction, the insider’s holdings decreased to 2,500 shares, worth approximately $0.58 million.
As published in their initiating research note from The Benchmark Company on October 15, 2024, Marinemax, Inc [HZO] has been a Buy and the price target has been revised to $40. Analysts at Citigroup upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early September. As of October 23, 2023, B. Riley Securities has increased its “Neutral” rating to a “Buy” for HZO. Earlier on July 28, 2023, B. Riley Securities downgraded its rating. Their new recommendation was “a Neutral” for HZO stock which previously was a “a Buy”.
Analyzing HZO Stock Performance
During the last five days, there has been a surge of approximately 16.65%. Over the course of the year, Marinemax, Inc shares have jumped approximately 11.81%. Shares of the company reached a 52-week high of $33.28 on 01/23/25 and a 52-week low of $25.70 on 01/10/25. A 50-day SMA is recorded $29.87, while a 200-day SMA reached $30.68. Nevertheless, trading volume fell to 1.08 million shares from 0.34 million shares the previous day.
Support And Resistance Levels for Marinemax, Inc (HZO)
According to the 24-hour chart, there is a support level at 30.35, which, if violated, would cause prices to drop to 28.34. In the upper region, resistance lies at 33.83. The next price resistance is at 35.30. RSI (Relative Strength Index) is 66.24 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.74, which suggests the price will increase in the coming days. Percent R is at 12.01%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
