CCC Intelligent Solutions Holdings Inc’s filing revealed that its Director ADVENT INTERNATIONAL, L.P. unloaded Company’s shares for reported $192.71 million on Apr 09 ’24. In the deal valued at $11.58 per share,16,649,197 shares were sold. As a result of this transaction, ADVENT INTERNATIONAL, L.P. now holds 4,777,763 shares worth roughly $55.95 million.
Then, Egan Christopher sold 16,649,197 shares, generating $192,714,455 in total proceeds. Upon selling the shares at $11.58, the Director now owns 4,777,763 shares.
Before that, Wei Eric sold 16,649,197 shares. CCC Intelligent Solutions Holdings Inc shares valued at $192,714,455 were divested by the Director at a price of $11.58 per share. As a result of the transaction, Wei Eric now holds 4,777,763 shares, worth roughly $55.95 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 Friday, CCC Intelligent Solutions Holdings Inc [NASDAQ:CCCS] saw its stock fall -0.85% to $11.71. Over the last five days, the stock has gained 0.43%. CCC Intelligent Solutions Holdings Inc shares have risen nearly 2.81% since the year began. Nevertheless, the stocks have risen 36.48% 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 $11.67, while 200 days put it at $11.37. A total of 2.19 million shares were traded, compared to the trading of 2.6 million shares in the previous session.
Levels Of Support And Resistance For CCCS Stock
The 24-hour chart illustrates a support level at 11.59, which if violated will result in even more drops to 11.47. On the upside, there is a resistance level at 11.83. A further resistance level may holdings at 11.95. The Relative Strength Index (RSI) on the 14-day chart is 46.49, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 56.67%. Stochastics %K at 52.93% indicates the stock is a holding.
