The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Schrodinger Inc shares valued at $87,360 were sold by Porges Geoffrey Craig on Mar 04 ’24. At $26.35 per share, Porges Geoffrey Craig sold 3,315 shares. The insider’s holdings dropped to 5,685 shares worth approximately $0.14 million following the completion of this transaction.
Also, Abel Robert Lorne sold 1,205 shares, netting a total of over 33,198 in proceeds. Following the sale of shares at $27.55 each, the insider now holds 9,340 shares.
Before that, Lorton Kenneth Patrick had sold 901 shares from its account. In a trade valued at $25,489, the EVP, CTO & COO, Software traded Schrodinger Inc shares for $28.29 each. Upon closing the transaction, the insider’s holdings decreased to 901 shares, worth approximately $0.89 million.
As published in their initiating research note from KeyBanc Capital Markets on December 05, 2023, Schrodinger Inc [SDGR] has been an Overweight and the price target has been revised to $38. As of December 19, 2022, Goldman has initiated its “Neutral” rating for SDGR. Earlier on March 01, 2022, Citigroup initiated its rating. Their recommendation was “a Buy” for SDGR stock.
Analyzing SDGR Stock Performance
During the last five days, there has been a drop of approximately -11.10%. Over the course of the year, Schrodinger Inc shares have dropped approximately -32.01%. Shares of the company reached a 52-week high of $36.13 on 01/02/24 and a 52-week low of $24.28 on 04/18/24. A 50-day SMA is recorded $27.21, while a 200-day SMA reached $31.94. Nevertheless, trading volume fell to 0.67 million shares from 0.55 million shares the previous day.
Support And Resistance Levels for Schrodinger Inc (SDGR)
According to the 24-hour chart, there is a support level at 23.97, which, if violated, would cause prices to drop to 23.60. In the upper region, resistance lies at 25.02. The next price resistance is at 25.69. RSI (Relative Strength Index) is 39.74 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.44, which suggests the price will decrease in the coming days. Percent R is at 98.77%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
