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Selling Buzz: SunCoke Energy Inc [SXC] Chief Executive Officer Rippey Michael G sells 78,714 shares of the company

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. SunCoke Energy Inc shares valued at $870,577 were sold by Rippey Michael G on Mar 13 ’24. At $11.06 per share, Rippey Michael G sold 78,714 shares. The insider’s holdings dropped to 342,359 shares worth approximately $3.37 million following the completion of this transaction.

Also, Rippey Michael G sold 100,000 shares, netting a total of over 1,105,000 in proceeds. Following the sale of shares at $11.05 each, the insider now holds 421,073 shares.

Before that, Rippey Michael G had sold 122,533 shares from its account. In a trade valued at $1,361,342, the Chief Executive Officer traded SunCoke Energy Inc shares for $11.11 each. Upon closing the transaction, the insider’s holdings decreased to 122,533 shares, worth approximately $5.13 million.

As published in a research note from B. Riley Securities on August 03, 2023, SunCoke Energy Inc [SXC] has been rated down from a Buy to a Neutral and the price target has been revised to $11 from $12. Analysts at The Benchmark Company started covering the stock with ‘”a Hold”‘ outlook in a report released in early February. As of December 05, 2019, B. Riley FBR has increased its “Neutral” rating to a “Buy” for SXC. Earlier on September 30, 2019, B. Riley FBR downgraded its rating. Their new recommendation was “a Neutral” for SXC stock which previously was a “a Buy”.

Analyzing SXC Stock Performance

During the last five days, there has been a drop of approximately -5.11%. Over the course of the year, SunCoke Energy Inc shares have dropped approximately -8.29%. Shares of the company reached a 52-week high of $11.48 on 03/28/24 and a 52-week low of $9.61 on 05/01/24. A 50-day SMA is recorded $10.83, while a 200-day SMA reached $9.98. Nevertheless, trading volume fell to 1.18 million shares from 0.88 million shares the previous day.

Support And Resistance Levels for SunCoke Energy Inc (SXC)

According to the 24-hour chart, there is a support level at 9.52, which, if violated, would cause prices to drop to 9.18. In the upper region, resistance lies at 10.28. The next price resistance is at 10.71. RSI (Relative Strength Index) is 30.41 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.31, which suggests the price will decrease in the coming days. Percent R is at 83.39%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

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