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Wells Fargo Downgrades Clear Secure Inc (YOU) to an Underweight from an Equal weight

Clear Secure Inc’s filing revealed that its CISO Patterson Richard N. Jr. unloaded Company’s shares for reported $0.15 million on Feb 14 ’24. In the deal valued at $20.00 per share,7,500 shares were sold. As a result of this transaction, Patterson Richard N. Jr. now holds 41,727 shares worth roughly $0.74 million.

Then, Durable Capital Partners LP sold 2,640,735 shares, generating $66,726,857 in total proceeds. Upon selling the shares at $25.27, the 10% Owner now owns 8,809,211 shares.

Before that, Durable Capital Partners LP sold 26,642 shares. Clear Secure Inc shares valued at $656,106 were divested by the 10% Owner at a price of $24.63 per share. As a result of the transaction, Durable Capital Partners LP now holds 11,449,946 shares, worth roughly $204.38 million.

Wells Fargo downgraded its Clear Secure Inc [YOU] rating to an Underweight from a an Equal weight in a research note published recently. A number of analysts have revised their coverage, including Goldman’s analysts, who began to cover the stock in mid October with a ‘”a Buy”‘ rating. Wedbush started covering the stock on June 06, 2023. It rated YOU as “a Neutral”.

Price Performance Review of YOU

On Tuesday, Clear Secure Inc [NYSE:YOU] saw its stock jump 0.28% to $17.85. Over the last five days, the stock has lost -6.00%. Clear Secure Inc shares have fallen nearly -12.23% since the year began. Nevertheless, the stocks have fallen -27.51% over the past one year. While a 52-week high of $26.59 was reached on 01/12/24, a 52-week low of $14.64 was recorded on 02/28/24. SMA at 50 days reached $19.38, while 200 days put it at $20.34. A total of 1.54 million shares were traded, compared to the trading of 1.82 million shares in the previous session.

Levels Of Support And Resistance For YOU Stock

The 24-hour chart illustrates a support level at 17.64, which if violated will result in even more drops to 17.44. On the upside, there is a resistance level at 18.12. A further resistance level may holdings at 18.40. The Relative Strength Index (RSI) on the 14-day chart is 36.89, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.82%. Stochastics %K at 3.60% indicates the stock is a buying.

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