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. Zurn Elkay Water Solutions Corp shares valued at $297,593 were sold by Pauli David J on Feb 14 ’25. At $35.47 per share, Pauli David J sold 8,390 shares. The insider’s holdings dropped to 59,410 shares worth approximately $2.1 million following the completion of this transaction.
Also, Schoon Jeffrey A sold 30,698 shares, netting a total of over 1,088,858 in proceeds. Following the sale of shares at $35.47 each, the insider now holds 48,946 shares.
Before that, Katz Aimee had sold 8,912,500 shares from its account. In a trade valued at $299,460,000, the Former 10% Owner traded Zurn Elkay Water Solutions Corp shares for $33.60 each. Upon closing the transaction, the insider’s holdings decreased to 8,912,500 shares, worth approximately $530.35 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 -1.59%. Over the course of the year, Zurn Elkay Water Solutions Corp shares have dropped approximately -5.23%. Shares of the company reached a 52-week high of $39.79 on 01/29/25 and a 52-week low of $35.00 on 02/20/25. A 50-day SMA is recorded $38.00, while a 200-day SMA reached $34.62. Nevertheless, trading volume fell to 0.76 million shares from 0.76 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 35.01, which, if violated, would cause prices to drop to 34.68. In the upper region, resistance lies at 35.67. The next price resistance is at 36.00. RSI (Relative Strength Index) is 30.36 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.66, which suggests the price will decrease in the coming days. Percent R is at 92.55%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
