In a filing, SunCoke Energy Inc revealed its Chief Executive Officer Rippey Michael G unloaded Company’s shares for reported $0.87 million on Mar 13 ’24. In the deal valued at $11.06 per share,78,714 shares were sold. As a result of this transaction, Rippey Michael G now holds 342,359 shares worth roughly $3.76 million.
Then, Rippey Michael G sold 100,000 shares, generating $1,105,000 in total proceeds. Upon selling the shares at $11.05, the Chief Executive Officer now owns 421,073 shares.
Before that, Rippey Michael G sold 122,533 shares. SunCoke Energy Inc shares valued at $1,361,342 were divested by the Chief Executive Officer at a price of $11.11 per share. As a result of the transaction, Rippey Michael G now holds 521,073 shares, worth roughly $5.72 million.
B. Riley Securities downgraded its SunCoke Energy Inc [SXC] rating to a Neutral from a a Buy in a research note published on August 03, 2023; the price target was decreased to $11 from $12. A number of analysts have revised their coverage, including The Benchmark Company’s analysts, who began to cover the stock in early February with a ‘”a Hold”‘ rating. B. Riley FBR also remained covering SXC and has increased its forecast on December 05, 2019 with a “Buy” recommendation from previously “Neutral” rating. B. Riley FBR revised its rating on September 30, 2019. It rated SXC as “a Neutral” which previously was an “a Buy”.
Price Performance Review of SXC
On Tuesday, SunCoke Energy Inc [NYSE:SXC] saw its stock fall -2.58% to $10.97. Over the last five days, the stock has lost -1.35%. SunCoke Energy Inc shares have risen nearly 2.14% since the year began. Nevertheless, the stocks have risen 27.11% over the past one year. While a 52-week high of $11.48 was reached on 03/28/24, a 52-week low of $6.71 was recorded on 01/17/24. SMA at 50 days reached $10.94, while 200 days put it at $9.77. A total of 0.59 million shares were traded, compared to the trading of 0.47 million shares in the previous session.
Levels Of Support And Resistance For SXC Stock
The 24-hour chart illustrates a support level at 10.75, which if violated will result in even more drops to 10.52. On the upside, there is a resistance level at 11.29. A further resistance level may holdings at 11.61. The Relative Strength Index (RSI) on the 14-day chart is 48.67, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 58.38%. Stochastics %K at 61.08% indicates the stock is a holding.
How much short interest is there in SunCoke Energy Inc?
A steep rise in short interest was recorded in SunCoke Energy Inc stocks on Mar 15, 2024, growing by 0.29 million shares to a total of 3.09 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 2.8 million shares. There was a rise of 9.39%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 4.58% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.37.
The most recent change occurred on April 03, 2018 when Seaport Global Securities began covering the stock and recommended ‘”a Buy”‘ rating along with a $13 price target.
