Service Corp. International’s filing revealed that its Director COELHO TONY unloaded Company’s shares for reported $0.67 million on Mar 13 ’24. In the deal valued at $75.39 per share,8,950 shares were sold. As a result of this transaction, COELHO TONY now holds 60,887 shares worth roughly $4.41 million.
Then, WARING SUMNER J III sold 50,000 shares, generating $3,753,449 in total proceeds. Upon selling the shares at $75.07, the Sr.VP& Chief Operating Officer now owns 289,400 shares.
Before that, RYAN THOMAS L sold 50,000 shares. Service Corp. International shares valued at $3,770,555 were divested by the President, CEO & Chairman at a price of $75.41 per share. As a result of the transaction, RYAN THOMAS L now holds 988,365 shares, worth roughly $71.65 million.
UBS initiated its Service Corp. International [SCI] rating to a Buy in a research note published on November 30, 2023; the price target was $72. A number of analysts have revised their coverage, including Truist’s analysts, who began to cover the stock in early October with a ‘”a Buy”‘ rating. Raymond James also remained covering SCI and has decreased its forecast on February 20, 2019 with a “an Outperform” recommendation from previously “Strong buy” rating.
Price Performance Review of SCI
On Friday, Service Corp. International [NYSE:SCI] saw its stock jump 1.03% to $72.49. Over the last five days, the stock has lost -2.32%. Service Corp. International shares have risen nearly 5.90% since the year began. Nevertheless, the stocks have risen 4.74% over the past one year. While a 52-week high of $75.97 was reached on 03/07/24, a 52-week low of $52.89 was recorded on 02/06/24. SMA at 50 days reached $71.58, while 200 days put it at $64.77. A total of 0.54 million shares were traded, compared to the trading of 0.58 million shares in the previous session.
Levels Of Support And Resistance For SCI Stock
The 24-hour chart illustrates a support level at 71.72, which if violated will result in even more drops to 70.96. On the upside, there is a resistance level at 72.98. A further resistance level may holdings at 73.48. The Relative Strength Index (RSI) on the 14-day chart is 48.41, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.00, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 68.63%. Stochastics %K at 15.11% indicates the stock is a buying.
How much short interest is there in Service Corp. International?
A steep rise in short interest was recorded in Service Corp. International stocks on Mar 15, 2024, dropping by -0.15 million shares to a total of 6.75 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 6.9 million shares. There was a decline of -2.22%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 5.30% of the overall stock float, the days-to-cover ratio (short ratio) fell to 7.96.
The most recent change occurred on August 02, 2016 when Wells Fargo began covering the stock and recommended ‘”a Market perform”‘ rating .
