Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Quanex Building Products Corp shares valued at $99,674 were purchased by Wilson George Laverne on Dec 19 ’24. At $23.03 per share, Wilson George Laverne acquired 4,328 shares. The insider’s holdings grew to 287,644 shares worth approximately $5.61 million following the completion of this transaction.
Also, Zuehlke Scott M. purchased 435 shares, netting a total of over 10,048 in proceeds. Following the buying of shares at $23.10 each, the insider now holds 74,297 shares.
Before that, Wilson George Laverne had sold 6,300 shares from its account. In a trade valued at $185,141, the President & CEO traded Quanex Building Products Corp shares for $29.39 each. Upon closing the transaction, the insider’s holdings decreased to 6,300 shares, worth approximately $4.55 million.
As published in a research note from CJS Securities on September 04, 2020, Quanex Building Products Corp [NX] has been rated up from a Market perform to a Market outperform. Analysts at The Benchmark Company started covering the stock with ‘”a Buy”‘ outlook in a report released in early April. As of March 10, 2020, Sidoti has increased its “Neutral” rating to a “Buy” for NX. Earlier on December 10, 2019, CJS Securities downgraded its rating. Their new recommendation was “a Market perform” for NX stock which previously was a “a Market outperform”.
Analyzing NX Stock Performance
During the last five days, there has been a drop of approximately -3.03%. Over the course of the year, Quanex Building Products Corp shares have dropped approximately -19.55%. Shares of the company reached a 52-week high of $24.79 on 01/21/25 and a 52-week low of $18.14 on 03/04/25. A 50-day SMA is recorded $22.24, while a 200-day SMA reached $27.45.
Support And Resistance Levels for Quanex Building Products Corp (NX)
According to the 24-hour chart, there is a support level at 18.93, which, if violated, would cause prices to drop to 18.37. In the upper region, resistance lies at 19.82. The next price resistance is at 20.15. RSI (Relative Strength Index) is 38.08 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.48, which suggests the price will decrease in the coming days. Percent R is at 75.63%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
