Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Utz Brands Inc shares valued at $39,968 were purchased by Arends Mitchell Andrew on Feb 28 ’25. At $13.73 per share, Arends Mitchell Andrew acquired 2,911 shares. The insider’s holdings grew to 62,706 shares worth approximately $0.86 million following the completion of this transaction.
Also, Shea Theresa Robbins purchased 1,395 shares, netting a total of over 19,962 in proceeds. Following the buying of shares at $14.31 each, the insider now holds 51,271 shares.
Before that, Friedman Howard A had added 3,525 shares to its account. In a trade valued at $49,912, the CEO bought Utz Brands Inc shares for $14.16 each. Upon closing the transaction, the insider’s holdings increased to 3,525 shares, worth approximately $3.65 million.
As published in a research note from BofA Securities on March 14, 2024, Utz Brands Inc [UTZ] has been rated up from a Neutral to a Buy and the price target has been revised to $22 from $19. Analysts at DA Davidson started covering the stock with ‘”a Neutral”‘ outlook in a report released in early March. As of January 03, 2024, Needham has initiated its “Buy” rating for UTZ. Earlier on December 20, 2023, Mizuho initiated its rating. Their recommendation was “a Buy” for UTZ stock.
Analyzing UTZ Stock Performance
Over the course of the year, Utz Brands Inc shares have dropped approximately -12.26%. Shares of the company reached a 52-week high of $15.79 on 01/02/25 and a 52-week low of $12.71 on 02/04/25. A 50-day SMA is recorded $14.07, while a 200-day SMA reached $16.30.
Support And Resistance Levels for Utz Brands Inc (UTZ)
According to the 24-hour chart, there is a support level at 13.57, which, if violated, would cause prices to drop to 13.40. In the upper region, resistance lies at 13.94. The next price resistance is at 14.14. RSI (Relative Strength Index) is 48.32 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.08, which suggests the price will decrease in the coming days. Percent R is at 47.12%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
