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Taking a Closer Look At Schrodinger Inc (SDGR) Following Its Recent Trade

In a filing, Schrodinger Inc revealed its EVP & CFO Porges Geoffrey Craig unloaded Company’s shares for reported $87360.0 on Mar 04 ’24. In the deal valued at $26.35 per share,3,315 shares were sold. As a result of this transaction, Porges Geoffrey Craig now holds 5,685 shares worth roughly $0.14 million.

Then, Abel Robert Lorne sold 1,205 shares, generating $33,198 in total proceeds. Upon selling the shares at $27.55, the insider now owns 9,340 shares.

Before that, Lorton Kenneth Patrick sold 901 shares. Schrodinger Inc shares valued at $25,489 were divested by the EVP, CTO & COO, Software at a price of $28.29 per share. As a result of the transaction, Lorton Kenneth Patrick now holds 36,487 shares, worth roughly $0.89 million.

KeyBanc Capital Markets initiated its Schrodinger Inc [SDGR] rating to an Overweight in a research note published on December 05, 2023; the price target was $38. Goldman began covering SDGR with “Neutral” recommendation on December 19, 2022. Citigroup started covering the stock on March 01, 2022. It rated SDGR as “a Buy”.

Price Performance Review of SDGR

On Tuesday, Schrodinger Inc [NASDAQ:SDGR] saw its stock fall -0.25% to $24.38. Over the last five days, the stock has lost -1.73%. Schrodinger Inc shares have fallen nearly -31.90% since the year began. Nevertheless, the stocks have fallen -17.41% over the past one year. While a 52-week high of $59.24 was reached on 01/02/24, a 52-week low of $20.76 was recorded on 04/25/24. SMA at 50 days reached $26.56, while 200 days put it at $30.86. A total of 0.56 million shares were traded, compared to the trading of 0.58 million shares in the previous session.

Levels Of Support And Resistance For SDGR Stock

The 24-hour chart illustrates a support level at 24.03, which if violated will result in even more drops to 23.68. On the upside, there is a resistance level at 24.66. A further resistance level may holdings at 24.94. The Relative Strength Index (RSI) on the 14-day chart is 43.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.54, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 68.12%. Stochastics %K at 28.20% indicates the stock is a holding.

The most recent change occurred on November 19, 2021 when Piper Sandler began covering the stock and recommended ‘”an Overweight”‘ rating along with a $87 price target.

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