Sotera Health Co’s recent filing unveils that its Director WARBURG PINCUS & CO. unloaded Company’s shares for reported $237.42 million on Mar 04 ’24. In the deal valued at $14.31 per share,16,594,363 shares were sold. As a result of this transaction, WARBURG PINCUS & CO. now holds 88,822,952 shares worth roughly $978.83 million.
Then, WARBURG PINCUS & CO. sold 16,594,363 shares, generating $237,423,849 in total proceeds. Upon selling the shares at $14.31, the Director now owns 88,822,952 shares.
Before that, GTCR INVESTMENT XI LLC sold 11,062,908 shares. Sotera Health Co shares valued at $158,282,556 were divested by the Director at a price of $14.31 per share. As a result of the transaction, GTCR INVESTMENT XI LLC now holds 59,215,301 shares, worth roughly $652.55 million.
Citigroup upgraded its Sotera Health Co [SHC] rating to a Buy from a a Neutral in a research note published on April 03, 2024; the price target was decreased to $16 from $18. A number of analysts have revised their coverage, including Jefferies’s analysts, who increased its forecast for the stock in late March from “a Hold” to “a Buy”. KeyBanc Capital Markets revised its rating on June 26, 2023. It rated SHC as “an Overweight” which previously was an “a Sector weight”.
Price Performance Review of SHC
On Friday, Sotera Health Co [NASDAQ:SHC] saw its stock jump 1.01% to $11.02. Over the last five days, the stock has lost -3.33%. Sotera Health Co shares have fallen nearly -34.60% since the year began. Nevertheless, the stocks have fallen -28.63% over the past one year. While a 52-week high of $19.40 was reached on 02/27/24, a 52-week low of $10.71 was recorded on 04/18/24. SMA at 50 days reached $12.54, while 200 days put it at $14.61. A total of 1.04 million shares were traded, compared to the trading of 1.64 million shares in the previous session.
Levels Of Support And Resistance For SHC Stock
The 24-hour chart illustrates a support level at 10.85, which if violated will result in even more drops to 10.69. On the upside, there is a resistance level at 11.33. A further resistance level may holdings at 11.65. The Relative Strength Index (RSI) on the 14-day chart is 38.46, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 67.02%. Stochastics %K at 37.94% indicates the stock is a holding.
