The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Service Corp. International shares valued at $532,420 were sold by LUND VICTOR L on Apr 15 ’24. At $70.00 per share, LUND VICTOR L sold 7,606 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
Also, LUND VICTOR L sold 1,011 shares, netting a total of over 70,770 in proceeds. Following the sale of shares at $70.00 each, the insider now holds 7,606 shares.
Before that, COELHO TONY had sold 8,950 shares from its account. In a trade valued at $674,702, the Director traded Service Corp. International shares for $75.39 each. Upon closing the transaction, the insider’s holdings decreased to 8,950 shares, worth approximately $4.22 million.
As published in their initiating research note from UBS on November 30, 2023, Service Corp. International [SCI] has been a Buy and the price target has been revised to $72. Analysts at Truist started covering the stock with ‘”a Buy”‘ outlook in a report released in early October. As of February 20, 2019, Raymond James has decreased its “Strong buy” rating to a “an Outperform” for SCI.
Analyzing SCI Stock Performance
During the last five days, there has been a drop of approximately -2.87%. Over the course of the year, Service Corp. International shares have jumped approximately 1.31%. Shares of the company reached a 52-week high of $75.97 on 03/07/24 and a 52-week low of $64.10 on 02/06/24. A 50-day SMA is recorded $71.96, while a 200-day SMA reached $65.32. Nevertheless, trading volume fell to 1.44 million shares from 1.04 million shares the previous day.
Support And Resistance Levels for Service Corp. International (SCI)
According to the 24-hour chart, there is a support level at 68.24, which, if violated, would cause prices to drop to 67.14. In the upper region, resistance lies at 70.04. The next price resistance is at 70.74. RSI (Relative Strength Index) is 45.02 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.67, which suggests the price will decrease in the coming days. Percent R is at 62.82%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
