Sunday, June 26, 2022

Checking in on Sharecare Inc. (SHCR) after recent insiders movement

Sharecare Inc.’s filing revealed that its Chief Accounting Officer Blalock Michael acquired Company’s shares for reported $10201.0 on Jun 09. In the deal valued at $2.55 per share,4,000 shares were bought. As a result of this transaction, Blalock Michael now holds 10,000 shares worth roughly $ 19700.0.

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Then, Blalock Michael bought 6,000 shares, generating $15,276 in total proceeds. Upon buying the shares at $2.55, the Chief Accounting Officer now owns 10,000 shares.

Following these proceedings, Goldman initiated its Sharecare Inc. [SHCR] rating to a Neutral in a research note published on Tuesday, February 11, 2022; the price target was $4.50. PT values the company’s stock at a premium of 56.22 to its Tuesday closing price. A number of analysts have revised their coverage, including Canaccord Genuity’s analysts, who began to cover the stock in early August with a ‘”a Buy”‘ rating. BTIG Research began covering SHCR with a “Buy” recommendation on July 28, 2021.

Price Performance Review of SHCR

On Tuesday, Sharecare Inc. [NASDAQ:SHCR] saw its stock fall -1.99% to $1.97. On the same session, the stock had its day’s lowest price of $1.94, but rose to a high of $2.15. Over the last five days, the stock has gained 8.24%. Sharecare Inc. shares have fallen nearly -56.12% since the year began. Nevertheless, the stocks have fallen -80.24% over the past one year. While a 52-week high of $10.77 was reached on 01/04/22, a 52-week low of $1.77 was recorded on 06/13/22. SMA at 50 days reached $2.55, while 200 days put it at $4.55. A total of 3.4 million shares were traded, compared to the trading of 3.68 million shares in the previous session.

Levels Of Support And Resistance For SHCR Stock

The 24-hour chart illustrates a support level at 1.89, which if violated will result in even more drops to 1.81. On the upside, there is a resistance level at 2.10. A further resistance level may holdings at 2.23. The Relative Strength Index (RSI) on the 14-day chart is 37.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.36, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.30%. Stochastics %K at 15.57% indicates the stock is a buying.

How much short interest is there in Sharecare Inc.?

A steep rise in short interest was recorded in Sharecare Inc. stocks on Apr 28, 2022, dropping by -0.57 million shares to a total of 5.68 million shares. Yahoo Finance data shows the prior-month short interest on Mar 30, 2022 was 6.25 million shares. There was a decline of -10.04%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.93% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.

Sharecare Inc. [SHCR] – Who Are The Largest Shareholders?

In filings from Columbia Management Investment Ad, it is revealed that the company now owns 9,049,018 shares, or roughly 2.58% of the outstanding SHCR shares. In other words, the investor’s shares have risen by 616,059 from its previous 13-F filing of 8432959.0. Additionally, Koch Industries, Inc. decreased 0.00% of its stake after which the total value it holdings stand at $25,110,000, while Wells Fargo Investment Institute, reduced 0.00% of its stake to hold $21.37 million in the firm. Over the last quarter, BlackRock Fund Advisors purchased 186,973 shares of Sharecare Inc., while The Vanguard Group, Inc. bought -101,810 shares. At present, Palisade Capital Management LLC is holding 3,762,099 shares valued at $10.5 million. Millennium Management LLC owned 2,771,512 shares of the company at the time of its most recent 13F filing, worth $7.73 million.

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