CCC Intelligent Solutions Holdings Inc’s filing revealed that its insider RAMAMURTHY GITHESH unloaded Company’s shares for reported $11.86 million on Mar 20 ’24. In the deal valued at $11.86 per share,1,000,000 shares were sold. As a result of this transaction, RAMAMURTHY GITHESH now holds 6,463,840 shares worth roughly $77.24 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, Fredman Marc sold 173,232 shares, generating $2,054,046 in total proceeds. Upon selling the shares at $11.86, the SVP, Chief Strategy Officer now owns 212,542 shares.
Before that, Fredman Marc sold 239,990 shares. CCC Intelligent Solutions Holdings Inc shares valued at $2,841,194 were divested by the SVP, Chief Strategy Officer at a price of $11.84 per share. As a result of the transaction, Fredman Marc now holds 212,542 shares, worth roughly $2.54 million.
A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who began to cover the stock in mid December with a ‘”an Equal-weight”‘ rating. Stifel began covering CCCS with “Buy” recommendation on September 22, 2023. Evercore ISI revised its rating on May 23, 2023. It rated CCCS as “an Outperform” which previously was an “an In-line”.
Price Performance Review of CCCS
On Monday, CCC Intelligent Solutions Holdings Inc [NASDAQ:CCCS] saw its stock fall -0.50% to $11.95. Over the last five days, the stock has gained 1.36%. CCC Intelligent Solutions Holdings Inc shares have risen nearly 4.92% since the year began. Nevertheless, the stocks have risen 37.36% over the past one year. While a 52-week high of $13.41 was reached on 03/08/24, a 52-week low of $8.36 was recorded on 01/04/24. SMA at 50 days reached $11.45, while 200 days put it at $11.31. A total of 2.45 million shares were traded, compared to the trading of 2.82 million shares in the previous session.
Levels Of Support And Resistance For CCCS Stock
The 24-hour chart illustrates a support level at 11.86, which if violated will result in even more drops to 11.77. On the upside, there is a resistance level at 12.04. A further resistance level may holdings at 12.13. The Relative Strength Index (RSI) on the 14-day chart is 53.84, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 68.22%. Stochastics %K at 44.56% indicates the stock is a holding.
How much short interest is there in CCC Intelligent Solutions Holdings Inc?
A steep rise in short interest was recorded in CCC Intelligent Solutions Holdings Inc stocks on Feb 29, 2024, dropping by -1.45 million shares to a total of 6.07 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 7.52 million shares. There was a decline of -23.89%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.63% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.76.
