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. Stoneridge Inc. shares valued at $205,691 were purchased by Schlather Paul J. on Sep 06. At $18.85 per share, Schlather Paul J. acquired 10,912 shares. The insider’s holdings grew to 62,500 shares worth approximately $1.42 million following the completion of this transaction.
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Also, Schlather Paul J. purchased 486 shares, netting a total of over 9,282 in proceeds. Following the buying of shares at $19.10 each, the insider now holds 51,588 shares.
Before that, Schlather Paul J. had added 3,602 shares to its account. In a trade valued at $66,961, the Director bought Stoneridge Inc. shares for $18.59 each. Upon closing the transaction, the insider’s holdings increased to 3,602 shares, worth approximately $1.16 million.
As published in a research note from Barrington Research on October 13, 2021, Stoneridge Inc. [SRI] has been rated down from an Outperform to a Mkt perform. Analysts at Barrington Research upgraded the stock from ‘”a Mkt perform”‘ to ‘”an Outperform”‘ outlook in a report released in early March. As of February 26, 2021, CL King has decreased its “Buy” rating to a “Neutral” for SRI. Earlier on February 27, 2020, Barrington Research downgraded its rating. Their new recommendation was “a Mkt perform” for SRI stock which previously was a “an Outperform”.
Analyzing SRI Stock Performance
On Thursday, Stoneridge Inc. [NYSE: SRI] rose 7.49% to $22.68. The stock’s lowest price that day was $20.87, but it reached a high of $24.55 in the same session. During the last five days, there has been a surge of approximately 13.00%. Over the course of the year, Stoneridge Inc. shares have jumped approximately 14.89%. Shares of the company reached a 52-week high of $24.55 on 11/03/22 and a 52-week low of $13.64 on 02/14/22. A 50-day SMA is recorded $18.70, while a 200-day SMA reached $18.61. Nevertheless, trading volume fell to 0.63 million shares from 91800.0 shares the previous day.
Support And Resistance Levels for Stoneridge Inc. (SRI)
According to the 24-hour chart, there is a support level at 20.85, which, if violated, would cause prices to drop to 19.02. In the upper region, resistance lies at 24.53. The next price resistance is at 26.38. RSI (Relative Strength Index) is 77.09 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.76, which suggests the price will increase in the coming days. Percent R is at 25.65%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
Is Stoneridge Inc. subject to short interest?
Stocks of Stoneridge Inc. saw a sharp steep in short interest on Jul 14, 2022 dropping by -0.25 million shares to 0.55 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 0.8 million shares. A decline of -46.46% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 5.09 of the overall float, the days-to-cover ratio (short ratio) decline to 5.09.
Which companies own the most shares of Stoneridge Inc. (SRI)?
According to Cooper Creek Partners Management filings, the company currently owns 2,010,192 shares, which is about 7.36% of the total SRI shares outstanding. The investor’s shares have plunged by -24,418 from its previous 13-F filing of 2034610.0 shares. With the completion of the sale transaction, Cooke & Bieler LP’s stake is now worth $33,069,755. BlackRock Fund Advisors reduced a -0.23% interest valued at $27.72 million while Frontier Capital Management Co. L sold a -10,814 stake. A total of 58,549 shares of Stoneridge Inc. were sold by Dimensional Fund Advisors LP during the quarter, and -18,996 were sold by Pembroke Management Ltd. In its current portfolio, The Vanguard Group, Inc. holds 1,329,815 shares valued at $22.54 million.