Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Sabre Corp shares valued at $203,760 were sold by MENKE SEAN E on Feb 09 ’24. At $4.08 per share, MENKE SEAN E sold 50,000 shares. The insider’s holdings dropped to 1,517,340 shares worth approximately $4.19 million following the completion of this transaction.
Also, MANDEL GAIL sold 714 shares, netting a total of over 3,184 in proceeds. Following the sale of shares at $4.46 each, the insider now holds 85,521 shares.
Before that, MENKE SEAN E had sold 50,000 shares from its account. In a trade valued at $221,365, the Executive Chair of the Board traded Sabre Corp shares for $4.43 each. Upon closing the transaction, the insider’s holdings decreased to 50,000 shares, worth approximately $4.33 million.
As published in their initiating research note from Cantor Fitzgerald on February 21, 2024, Sabre Corp [SABR] has been an Overweight and the price target has been revised to $5. Analysts at BofA Securities upgraded the stock from ‘”an Underperform”‘ to ‘”a Neutral”‘ outlook in a report released in early January. As of May 15, 2023, Bernstein has increased its “an Underperform” rating to a “Mkt perform” for SABR. Earlier on March 08, 2023, Bernstein initiated its rating. Their recommendation was “an Underperform” for SABR stock.
Analyzing SABR Stock Performance
During the last five days, there has been a surge of approximately 7.39%. Over the course of the year, Sabre Corp shares have dropped approximately -37.27%. Shares of the company reached a 52-week high of $4.63 on 01/08/24 and a 52-week low of $1.81 on 03/14/24. A 50-day SMA is recorded $2.53, while a 200-day SMA reached $3.82. Nevertheless, trading volume fell to 3.07 million shares from 5.5 million shares the previous day.
Support And Resistance Levels for Sabre Corp (SABR)
According to the 24-hour chart, there is a support level at 2.68, which, if violated, would cause prices to drop to 2.60. In the upper region, resistance lies at 2.81. The next price resistance is at 2.86. RSI (Relative Strength Index) is 58.40 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.11, which suggests the price will decrease in the coming days. Percent R is at 9.86%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
