Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. CCC Intelligent Solutions Holdings Inc shares valued at $192,714,455 were sold by ADVENT INTERNATIONAL, L.P. on Apr 09 ’24. At $11.58 per share, ADVENT INTERNATIONAL, L.P. sold 16,649,197 shares. The insider’s holdings dropped to 4,777,763 shares worth approximately $54.56 million following the completion of this transaction.
Also, Egan Christopher sold 16,649,197 shares, netting a total of over 192,714,455 in proceeds. Following the sale of shares at $11.58 each, the insider now holds 4,777,763 shares.
Before that, Wei Eric had sold 16,649,197 shares from its account. In a trade valued at $192,714,455, the Director traded CCC Intelligent Solutions Holdings Inc shares for $11.58 each. Upon closing the transaction, the insider’s holdings decreased to 16,649,197 shares, worth approximately $54.56 million.
Analysts at Morgan Stanley started covering the stock with ‘”an Equal-weight”‘ outlook in a report released in mid December. As of September 22, 2023, Stifel has initiated its “Buy” rating for CCCS. Earlier on May 23, 2023, Evercore ISI upgraded its rating. Their new recommendation was “an Outperform” for CCCS stock which previously was a “an In-line”.
Analyzing CCCS Stock Performance
During the last five days, there has been a drop of approximately -3.22%. Over the course of the year, CCC Intelligent Solutions Holdings Inc shares have jumped approximately 0.26%. Shares of the company reached a 52-week high of $12.68 on 03/08/24 and a 52-week low of $10.60 on 01/04/24. A 50-day SMA is recorded $11.70, while a 200-day SMA reached $11.37. Nevertheless, trading volume fell to 3.47 million shares from 2.75 million shares the previous day.
Support And Resistance Levels for CCC Intelligent Solutions Holdings Inc (CCCS)
According to the 24-hour chart, there is a support level at 11.34, which, if violated, would cause prices to drop to 11.27. In the upper region, resistance lies at 11.57. The next price resistance is at 11.73. RSI (Relative Strength Index) is 38.71 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.24, which suggests the price will decrease in the coming days. Percent R is at 95.45%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
