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. Clear Secure Inc. shares valued at $163,909 were sold by Cornick Kenneth L. on Aug 17. At $30.02 per share, Cornick Kenneth L. sold 5,460 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, Alclear Investments II, LLC sold 5,460 shares, netting a total of over 163,909 in proceeds. Following the sale of shares at $30.02 each, the insider now holds 0 shares.
Before that, Cornick Kenneth L. had sold 77,291 shares from its account. In a trade valued at $2,321,822, the President & CFO traded Clear Secure Inc. shares for $30.04 each. Upon closing the transaction, the insider’s holdings decreased to 77,291 shares, worth approximately $0.0.
As published in a research note from JP Morgan on August 03, 2021, Clear Secure Inc. [YOU] has been rated down from an Overweight to a Neutral and the price target has been revised to $52. This represents a 54.15% premium over Thursday’s closing price. Analysts at Wells Fargo started covering the stock with ‘”an Equal weight”‘ outlook in a report released in late July. As of July 26, 2021, Telsey Advisory Group has initiated its “an Outperform” rating for YOU. Earlier on July 26, 2021, Stifel initiated its rating. Their recommendation was “a Buy” for YOU stock.
Analyzing YOU’s Price Performance
On Thursday, Clear Secure Inc. [NYSE: YOU] plunged -1.81% to $23.84. The stock’s lowest price that day was $23.13, but it reached a high of $24.44 in the same session. During the last five days, there has been a drop of approximately -4.22%. Over the course of the year, Clear Secure Inc. shares have dropped approximately -24.00%. Shares of the company reached a 52-week high of $34.80 on 05/17/22 and a 52-week low of $18.79 on 03/15/22. A 50-day SMA is recorded $25.18, while a 200-day SMA reached $25.76. Nevertheless, trading volume fell to 1.07 million shares from 1.06 million shares the previous day.
Support And Resistance Levels for Clear Secure Inc. (YOU)
According to the 24-hour chart, there is a support level at 23.17, which, if violated, would cause prices to drop to 22.49. In the upper region, resistance lies at 24.48. The next price resistance is at 25.11. RSI (Relative Strength Index) is 44.33 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.43, which suggests the price will decrease in the coming days. Percent R is at 72.03%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Clear Secure Inc. subject to short interest?
Stocks of Clear Secure Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 1.73 million shares to 9.55 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 7.82 million shares. A jump of 18.12% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 5.89 of the overall float, the days-to-cover ratio (short ratio) jumped to 5.89.
Which companies own the most shares of Clear Secure Inc. (YOU)?
According to Durable Capital Partners LP filings, the company currently owns 11,476,588 shares, which is about 13.90% of the total YOU shares outstanding. The investor’s shares have appreciated by 725,218 from its previous 13-F filing of 10751370.0 shares. The Vanguard Group, Inc. acquire a 80.24% interest valued at $133.73 million while Capital Research & Management Co purchased a 2,345,633 stake. A total of -8,825,348 shares of Clear Secure Inc. were bought by T. Rowe Price Associates, Inc. during the quarter, and 2,568,880 were bought by BlackRock Fund Advisors. In its current portfolio, Lord, Abbett & Co. LLC holds 1,692,647 shares valued at $38.83 million.
In terms of Clear Secure Inc. share price expectations, FactSet research, analysts set an average price target of $32.00 in the next 12 months, up nearly 23.56% from the previous closing price of $24.28. Analysts anticipate Clear Secure Inc. stock to reach $38.00 by 2022, with the lowest price target being $28.00. In spite of this, 3 analysts ranked Clear Secure Inc. stock as an Overweight at the end of 2022. On July 26, 2021, Loop Capital assigned a price target of “a Hold” to the stock and initiated coverage with a $44.