SEI Investments Co.’s filing revealed that its Warner Mark Andrew unloaded Company’s shares for reported $0.2 million on Feb 23 ’24. In the deal valued at $67.31 per share,3,000 shares were sold. As a result of this transaction, Warner Mark Andrew now holds 1,300 shares worth roughly $91624.0.
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Then, Sharma Sanjay sold 15,000 shares, generating $1,008,000 in total proceeds. Upon selling the shares at $67.20, the See Remarks* now owns 16,895 shares.
Before that, WITHROW WAYNE sold 16,970 shares. SEI Investments Co. shares valued at $1,122,803 were divested by the EXECUTIVE VICE PRESIDENT at a price of $66.16 per share. As a result of the transaction, WITHROW WAYNE now holds 55,399 shares, worth roughly $3.9 million.
Piper Sandler initiated its SEI Investments Co. [SEIC] rating to a Neutral in a research note published on March 29, 2023; the price target was $60. Morgan Stanley also remained covering SEIC and has decreased its forecast on July 12, 2022 with a “an Underweight” recommendation from previously “an Equal-weight” rating. Goldman revised its rating on March 28, 2022. It rated SEIC as “a Neutral” which previously was an “a Buy”.
Price Performance Review of SEIC
On Tuesday, SEI Investments Co. [NASDAQ:SEIC] saw its stock fall -0.20% to $70.48. Over the last five days, the stock has gained 2.46%. SEI Investments Co. shares have risen nearly 10.90% since the year began. Nevertheless, the stocks have risen 28.61% over the past one year. While a 52-week high of $71.24 was reached on 03/25/24, a 52-week low of $52.19 was recorded on 01/04/24. SMA at 50 days reached $66.83, while 200 days put it at $61.68. A total of 1.0 million shares were traded, compared to the trading of 0.47 million shares in the previous session.
Levels Of Support And Resistance For SEIC Stock
The 24-hour chart illustrates a support level at 70.22, which if violated will result in even more drops to 69.95. On the upside, there is a resistance level at 70.97. A further resistance level may holdings at 71.45. The Relative Strength Index (RSI) on the 14-day chart is 67.08, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.86, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 27.54%. Stochastics %K at 73.30% indicates the stock is a holding.
How much short interest is there in SEI Investments Co.?
A steep rise in short interest was recorded in SEI Investments Co. stocks on Feb 29, 2024, growing by 30000.0 shares to a total of 1.87 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 1.84 million shares. There was a rise of 1.6%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.66% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.53.
The most recent change occurred on November 02, 2021 when Truist began covering the stock and recommended ‘”a Hold”‘ rating along with a $67 price target.
