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. Sotera Health Co shares valued at $237,423,849 were sold by WARBURG PINCUS & CO. on Mar 04 ’24. At $14.31 per share, WARBURG PINCUS & CO. sold 16,594,363 shares. The insider’s holdings dropped to 88,822,952 shares worth approximately $1.0 billion following the completion of this transaction.
Also, WARBURG PINCUS & CO. sold 16,594,363 shares, netting a total of over 237,423,849 in proceeds. Following the sale of shares at $14.31 each, the insider now holds 88,822,952 shares.
Before that, GTCR INVESTMENT XI LLC had sold 11,062,908 shares from its account. In a trade valued at $158,282,556, the Director traded Sotera Health Co shares for $14.31 each. Upon closing the transaction, the insider’s holdings decreased to 11,062,908 shares, worth approximately $667.36 million.
As published in a research note from Citigroup on April 03, 2024, Sotera Health Co [SHC] has been rated up from a Neutral to a Buy and the price target has been revised to $16 from $18. Analysts at Jefferies upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in late March. Earlier on June 26, 2023, KeyBanc Capital Markets upgraded its rating. Their new recommendation was “an Overweight” for SHC stock which previously was a “a Sector weight”.
Analyzing SHC Stock Performance
During the last five days, there has been a surge of approximately 4.84%. Over the course of the year, Sotera Health Co shares have dropped approximately -33.12%. Shares of the company reached a 52-week high of $17.44 on 02/27/24 and a 52-week low of $10.71 on 04/18/24. A 50-day SMA is recorded $13.28, while a 200-day SMA reached $14.87. Nevertheless, trading volume fell to 1.17 million shares from 1.14 million shares the previous day.
Support And Resistance Levels for Sotera Health Co (SHC)
According to the 24-hour chart, there is a support level at 11.10, which, if violated, would cause prices to drop to 10.93. In the upper region, resistance lies at 11.45. The next price resistance is at 11.63. RSI (Relative Strength Index) is 40.20 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.05, which suggests the price will decrease in the coming days. Percent R is at 41.05%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
