CCC Intelligent Solutions Holdings Inc’s recently made public that its insider Herb Brian unloaded Company’s shares for reported $0.83 million on Apr 01 ’24. In the deal valued at $11.83 per share,70,204 shares were sold. As a result of this transaction, Herb Brian now holds 217,872 shares worth roughly $2.54 million.
Then, Fredman Marc sold 28,804 shares, generating $344,784 in total proceeds. Upon selling the shares at $11.97, the SVP, Chief Strategy Officer now owns 183,738 shares.
Before that, Christo Rodney sold 14,154 shares. CCC Intelligent Solutions Holdings Inc shares valued at $169,423 were divested by the Chief Accounting Officer at a price of $11.97 per share. As a result of the transaction, Christo Rodney now holds 0 shares, worth roughly $0.0.
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 Friday, CCC Intelligent Solutions Holdings Inc [NASDAQ:CCCS] saw its stock fall -1.02% to $11.66. Over the last five days, the stock has lost -2.51%. CCC Intelligent Solutions Holdings Inc shares have risen nearly 2.37% since the year began. Nevertheless, the stocks have risen 32.35% over the past one year. While a 52-week high of $13.41 was reached on 03/08/24, a 52-week low of $8.42 was recorded on 01/04/24. SMA at 50 days reached $11.59, while 200 days put it at $11.34. A total of 13.68 million shares were traded, compared to the trading of 2.54 million shares in the previous session.
Levels Of Support And Resistance For CCCS Stock
The 24-hour chart illustrates a support level at 11.48, which if violated will result in even more drops to 11.30. On the upside, there is a resistance level at 11.81. A further resistance level may holdings at 11.95. The Relative Strength Index (RSI) on the 14-day chart is 44.87, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 66.13%. Stochastics %K at 30.97% 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 Mar 15, 2024, dropping by -3.37 million shares to a total of 3.82 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 7.19 million shares. There was a decline of -88.22%, which implies that there is a negative 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) fell to 0.77.
