A company insider recently sold 2,613 shares of Service Corporation International [SCI]. Should You Sale?

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. Service Corporation International shares valued at $180,036 were sold by Ochoa Ellen on Jun 10. At $68.90 per share, Ochoa Ellen sold 2,613 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.


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Also, RYAN THOMAS L sold 25,000 shares, netting a total of over 1,783,538 in proceeds. Following the sale of shares at $71.34 each, the insider now holds 968,909 shares.

Before that, Sangalis Gregory T had sold 85 shares from its account. In a trade valued at $6,035, the Sr. V.P. and General Counsel traded Service Corporation International shares for $71.00 each. Upon closing the transaction, the insider’s holdings decreased to 85 shares, worth approximately $8.3 million.

As published in a research note from Raymond James on February 20, 2019, Service Corporation International [SCI] has been rated down from a Strong buy to an Outperform. As of August 02, 2016, Wells Fargo has initiated its “Market perform” rating for SCI. Earlier on April 28, 2016, Credit Suisse upgraded its rating. Their new recommendation was “an Outperform” for SCI stock which previously was a “a Neutral”.

Analyzing SCI’s Price Performance

On Thursday, Service Corporation International [NYSE: SCI] plunged -2.60% to $64.78. The stock’s lowest price that day was $64.41, but it reached a high of $66.795 in the same session. During the last five days, there has been a drop of approximately -12.71%. Over the course of the year, Service Corporation International shares have dropped approximately -8.75%. Shares of the company reached a 52-week high of $75.11 on 08/01/22 and a 52-week low of $57.27 on 02/24/22. A 50-day SMA is recorded $69.55, while a 200-day SMA reached $66.76. Nevertheless, trading volume fell to 2.29 million shares from 1.52 million shares the previous day.

Support And Resistance Levels for Service Corporation International (SCI)

According to the 24-hour chart, there is a support level at 63.86, which, if violated, would cause prices to drop to 62.94. In the upper region, resistance lies at 66.25. The next price resistance is at 67.71. RSI (Relative Strength Index) is 31.90 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.30, which suggests the price will decrease in the coming days. Percent R is at 96.54%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Service Corporation International subject to short interest?

Stocks of Service Corporation International saw a sharp steep in short interest on Jul 14, 2022 dropping by 60000.0 shares to 4.15 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 4.21 million shares. A decline of -1.45% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 4.35 of the overall float, the days-to-cover ratio (short ratio) decline to 4.35.

Which companies own the most shares of Service Corporation International (SCI)?

According to Baillie Gifford & Co. filings, the company currently owns 16,655,846 shares, which is about 10.49% of the total SCI shares outstanding. The investor’s shares have plunged by -1,371,716 from its previous 13-F filing of 18027562.0 shares. With the completion of the sale transaction, The Vanguard Group, Inc.’s stake is now worth $1,102,205,146. BlackRock Fund Advisors reduced a -3.28% interest valued at $908.45 million while SSgA Funds Management, Inc. purchased a 104,551 stake. A total of -138,586 shares of Service Corporation International were bought by Fidelity Investments Canada ULC during the quarter, and -938,406 were sold by AllianceBernstein LP. In its current portfolio, Select Equity Group LP holds 2,595,640 shares valued at $179.41 million.

In terms of Service Corporation International share price expectations, FactSet research, analysts set an average price target of $80.50 in the next 12 months, up nearly 22.54% from the previous closing price of $66.51. Analysts anticipate Service Corporation International stock to reach $85.00 by 2022, with the lowest price target being $74.00. In spite of this, 4 analysts ranked Service Corporation International stock as a Buy at the end of 2022.

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