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Science Applications International Corp. (SAIC) gets rating Downgrade from JP Morgan

Science Applications International Corp.’s recently made public that its Chief Executive Officer Townes-Whitley Toni acquired Company’s shares for reported $0.38 million on Apr 12 ’24. In the deal valued at $125.96 per share,3,000 shares were bought. As a result of this transaction, Townes-Whitley Toni now holds 46,795 shares worth roughly $6.3 million.

Then, DiFronzo Vincent P. bought 795 shares, generating $100,202 in total proceeds. Upon buying the shares at $126.04, the EVP,-Air Force & Comb Commands now owns 8,772 shares.

Before that, Hageman Hilary bought 100 shares. Science Applications International Corp. shares valued at $12,575 were divested by the EVP General Counsel, Secretary at a price of $125.75 per share. As a result of the transaction, Hageman Hilary now holds 18,507 shares, worth roughly $2.49 million.

JP Morgan downgraded its Science Applications International Corp. [SAIC] rating to a Neutral from a an Overweight in a research note published on December 05, 2023; the price target was increased to $142 from $130. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in early January from “an Overweight” to “an Equal-weight”. Citigroup began covering SAIC with “Buy” recommendation on December 08, 2022. Jefferies revised its rating on November 17, 2022. It rated SAIC as “a Hold” which previously was an “a Buy”.

Price Performance Review of SAIC

On Tuesday, Science Applications International Corp. [NASDAQ:SAIC] saw its stock jump 0.64% to $134.67. Over the last five days, the stock has gained 4.64%. Science Applications International Corp. shares have risen nearly 8.33% since the year began. Nevertheless, the stocks have risen 33.23% over the past one year. While a 52-week high of $145.17 was reached on 03/06/24, a 52-week low of $95.43 was recorded on 03/18/24. SMA at 50 days reached $131.89, while 200 days put it at $122.56. A total of 0.33 million shares were traded, compared to the trading of 0.2 million shares in the previous session.

Levels Of Support And Resistance For SAIC Stock

The 24-hour chart illustrates a support level at 133.53, which if violated will result in even more drops to 132.39. On the upside, there is a resistance level at 135.74. A further resistance level may holdings at 136.80. The Relative Strength Index (RSI) on the 14-day chart is 65.86, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.34, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 7.76%. Stochastics %K at 96.18% indicates the stock is a selling.

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