KD Logo

The Potential Rise in the Price of Service Corp. International (SCI) following insiders activity

Service Corp. International’s recent filing unveils 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 $4.25 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 $69.0 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 fall -1.01% to $69.81. Over the last five days, the stock has lost -3.70%. Service Corp. International shares have risen nearly 1.99% since the year began. Nevertheless, the stocks have fallen -2.31% 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 $71.81, while 200 days put it at $64.93. A total of 0.86 million shares were traded, compared to the trading of 0.72 million shares in the previous session.

Levels Of Support And Resistance For SCI Stock

The 24-hour chart illustrates a support level at 69.23, which if violated will result in even more drops to 68.65. On the upside, there is a resistance level at 70.56. A further resistance level may holdings at 71.30. The Relative Strength Index (RSI) on the 14-day chart is 35.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.60%. Stochastics %K at 8.51% indicates the stock is a buying.

The most recent change occurred on August 02, 2016 when Wells Fargo began covering the stock and recommended ‘”a Market perform”‘ rating.

Most Popular

[the_ad id="945"]