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SEMrush Holdings Inc [SEMR] stock was sold by Levin Eugenie at the price of US$0.55 million

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SEMrush Holdings Inc’s filing revealed that its President Levin Eugenie unloaded Company’s shares for reported $0.55 million on May 09 ’24. In the deal valued at $15.05 per share,36,483 shares were sold. As a result of this transaction, Levin Eugenie now holds 449,437 shares worth roughly $6.9 million.

Then, Levin Eugenie sold 276,136 shares, generating $4,194,506 in total proceeds. Upon selling the shares at $15.19, the President now owns 449,437 shares.

Before that, Mason David W sold 1,549 shares. SEMrush Holdings Inc shares valued at $19,548 were divested by the General Counsel at a price of $12.62 per share. As a result of the transaction, Mason David W now holds 163,546 shares, worth roughly $2.51 million.

KeyBanc Capital Markets initiated its SEMrush Holdings Inc [SEMR] rating to an Overweight in a research note published on March 21, 2024; the price target was $17. Piper Sandler also remained covering SEMR and has decreased its forecast on January 09, 2024 with a “Neutral” recommendation from previously “an Overweight” rating. Goldman started covering the stock on July 20, 2023. It rated SEMR as “a Neutral”.

Price Performance Review of SEMR

On Tuesday, SEMrush Holdings Inc [NYSE:SEMR] saw its stock fall -0.45% to $15.35. Over the last five days, the stock has gained 4.78%. SEMrush Holdings Inc shares have risen nearly 12.37% since the year began. Nevertheless, the stocks have risen 83.83% over the past one year. While a 52-week high of $15.49 was reached on 05/14/24, a 52-week low of $7.21 was recorded on 03/05/24. SMA at 50 days reached $12.56, while 200 days put it at $10.86. A total of 0.6 million shares were traded, compared to the trading of 0.43 million shares in the previous session.

Levels Of Support And Resistance For SEMR Stock

The 24-hour chart illustrates a support level at 15.15, which if violated will result in even more drops to 14.95. On the upside, there is a resistance level at 15.68. A further resistance level may holdings at 16.00. The Relative Strength Index (RSI) on the 14-day chart is 75.28, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.73, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 11.35%. Stochastics %K at 93.61% indicates the stock is a selling.

The most recent change occurred on June 06, 2022 when Morgan Stanley began covering the stock and recommended ‘”an Equal-weight”‘ rating along with a $13 price target.

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