A company insider recently sold 11,748 shares of Service Corporation International [SCI]. Should You Sale?


Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Service Corporation International shares valued at $742,017 were sold by Haussler Jakki L. on Sep 12. At $63.16 per share, Haussler Jakki L. sold 11,748 shares. The insider’s holdings dropped to 4,937 shares worth approximately $0.33 million following the completion of this transaction.

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Also, Ochoa Ellen sold 2,613 shares, netting a total of over 180,036 in proceeds. Following the sale of shares at $68.90 each, the insider now holds 0 shares.

Before that, RYAN THOMAS L had sold 25,000 shares from its account. In a trade valued at $1,783,538, the President, CEO & Chairman traded Service Corporation International shares for $71.34 each. Upon closing the transaction, the insider’s holdings decreased to 25,000 shares, worth approximately $65.11 million.

As published in their initiating research note from Truist on October 07, 2022, Service Corporation International [SCI] has been a Buy and the price target has been revised to $72. This represents a 6.67% premium over Thursday’s closing price. Analysts at Raymond James downgraded the stock from ‘”a Strong buy”‘ to ‘”an Outperform”‘ outlook in a report released in mid February. Earlier on August 02, 2016, Wells Fargo initiated its rating. Their recommendation was “a Market perform” for SCI stock.

Analyzing SCI Stock Performance

On Thursday, Service Corporation International [NYSE: SCI] plunged -0.47% to $67.20. The stock’s lowest price that day was $66.08, but it reached a high of $68.44 in the same session. During the last five days, there has been a surge of approximately 13.42%. Over the course of the year, Service Corporation International shares have dropped approximately -5.34%. Shares of the company reached a 52-week high of $75.11 on 08/01/22 and a 52-week low of $56.85 on 09/27/22. A 50-day SMA is recorded $60.99, while a 200-day SMA reached $65.14. Nevertheless, trading volume fell to 1.93 million shares from 1.94 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 66.04, which, if violated, would cause prices to drop to 64.88. In the upper region, resistance lies at 68.40. The next price resistance is at 69.60. RSI (Relative Strength Index) is 66.62 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.12, which suggests the price will increase in the coming days. Percent R is at 10.81%, indicating bullish price movement. Stochastics %K at selling 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 17,395,963 shares, which is about 11.03% of the total SCI shares outstanding. The investor’s shares have plunged by -492,200 from its previous 13-F filing of 17888163.0 shares. With the completion of the sale transaction, The Vanguard Group, Inc.’s stake is now worth $911,722,626. BlackRock Fund Advisors reduced a -5.55% interest valued at $716.78 million while Select Equity Group LP purchased a 2,497,227 stake. A total of -176,975 shares of Service Corporation International were bought by SSgA Funds Management, Inc. during the quarter, and -416,037 were sold by Fidelity Investments Canada ULC. In its current portfolio, Geode Capital Management LLC holds 2,672,491 shares valued at $154.31 million.

In terms of Service Corporation International share price expectations, FactSet research, analysts set an average price target of $80.40 in the next 12 months, up nearly 18.48% from the previous closing price of $67.52. Analysts anticipate Service Corporation International stock to reach $85.00 by 2022, with the lowest price target being $74.00. In spite of this, 5 analysts ranked Service Corporation International stock as a Buy at the end of 2022.


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