Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. SEI Investments Co. shares valued at $1,396,847 were sold by WEST ALFRED P JR on Mar 28 ’24. At $72.14 per share, WEST ALFRED P JR sold 19,363 shares. The insider’s holdings dropped to 7,865,471 shares worth approximately $523.84 million following the completion of this transaction.
Also, WEST ALFRED P JR sold 150,000 shares, netting a total of over 10,612,500 in proceeds. Following the sale of shares at $70.75 each, the insider now holds 7,884,834 shares.
Before that, KLAUDER PAUL had sold 2,000 shares from its account. In a trade valued at $139,600, the EXECUTIVE VICE PRESIDENT traded SEI Investments Co. shares for $69.80 each. Upon closing the transaction, the insider’s holdings decreased to 2,000 shares, worth approximately $1.38 million.
As published in their initiating research note from Piper Sandler on March 29, 2023, SEI Investments Co. [SEIC] has been a Neutral and the price target has been revised to $60. As of July 12, 2022, Morgan Stanley has decreased its “an Equal-weight” rating to a “an Underweight” for SEIC. Earlier on March 28, 2022, Goldman downgraded its rating. Their new recommendation was “a Neutral” for SEIC stock which previously was a “a Buy”.
Analyzing SEIC Stock Performance
During the last five days, there has been a surge of approximately 0.79%. Over the course of the year, SEI Investments Co. shares have jumped approximately 4.80%. Shares of the company reached a 52-week high of $72.54 on 03/28/24 and a 52-week low of $61.58 on 01/04/24. A 50-day SMA is recorded $68.43, while a 200-day SMA reached $62.69. Nevertheless, trading volume fell to 1.56 million shares from 0.7 million shares the previous day.
Support And Resistance Levels for SEI Investments Co. (SEIC)
According to the 24-hour chart, there is a support level at 65.97, which, if violated, would cause prices to drop to 65.35. In the upper region, resistance lies at 67.58. The next price resistance is at 68.57. RSI (Relative Strength Index) is 38.16 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.99, which suggests the price will decrease in the coming days. Percent R is at 83.69%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
