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CCCS stock rated a Neutral by Citigroup

CCC Intelligent Solutions Holdings Inc’s filing revealed that its insider RAMAMURTHY GITHESH unloaded Company’s shares for reported $0.66 million on Apr 24 ’24. In the deal valued at $11.52 per share,57,619 shares were sold. As a result of this transaction, RAMAMURTHY GITHESH now holds 6,463,840 shares worth roughly $68.65 million.

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Then, RAMAMURTHY GITHESH sold 942,084 shares, generating $10,848,757 in total proceeds. Upon selling the shares at $11.52, the insider now owns 6,463,840 shares.

Before that, RAMAMURTHY GITHESH sold 297 shares. CCC Intelligent Solutions Holdings Inc shares valued at $3,421 were divested by the insider at a price of $11.52 per share. As a result of the transaction, RAMAMURTHY GITHESH now holds 6,463,840 shares, worth roughly $68.65 million.

A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who began to cover the stock in mid December with a ‘”an Equal-weight”‘ rating. Stifel began covering CCCS with “Buy” recommendation on September 22, 2023. Evercore ISI revised its rating on May 23, 2023. It rated CCCS as “an Outperform” which previously was an “an In-line”.

Price Performance Review of CCCS

On Friday, CCC Intelligent Solutions Holdings Inc [NASDAQ:CCCS] saw its stock fall -0.47% to $10.62. Over the last five days, the stock has lost -1.76%. CCC Intelligent Solutions Holdings Inc shares have fallen nearly -6.76% since the year began. Nevertheless, the stocks have risen 14.94% over the past one year. While a 52-week high of $13.41 was reached on 03/08/24, a 52-week low of $9.09 was recorded on 05/01/24. SMA at 50 days reached $11.62, while 200 days put it at $11.40. A total of 1.45 million shares were traded, compared to the trading of 2.3 million shares in the previous session.

Levels Of Support And Resistance For CCCS Stock

The 24-hour chart illustrates a support level at 10.57, which if violated will result in even more drops to 10.53. On the upside, there is a resistance level at 10.68. A further resistance level may holdings at 10.74. The Relative Strength Index (RSI) on the 14-day chart is 30.61, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.32, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.71%. Stochastics %K at 23.81% indicates the stock is a holding.

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