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Monitoring SecureWorks Corp (SCWX) after recent insider movements

SecureWorks Corp’s filing revealed that its 10% Owner Gagnon Neil acquired Company’s shares for reported $53778.0 on Jun 03 ’24. In the deal valued at $5.85 per share,9,191 shares were bought. As a result of this transaction, Gagnon Neil now holds 628,058 shares worth roughly $3.77 million.

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Then, Gagnon Neil bought 340 shares, generating $1,989 in total proceeds. Upon buying the shares at $5.85, the 10% Owner now owns 34,919 shares.

Before that, Gagnon Neil bought 13,798 shares. SecureWorks Corp shares valued at $82,585 were divested by the 10% Owner at a price of $5.99 per share. As a result of the transaction, Gagnon Neil now holds 610,947 shares, worth roughly $3.67 million.

Goldman downgraded its SecureWorks Corp [SCWX] rating to a Sell from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in early December from “a Neutral” to “an Underweight”. Goldman also remained covering SCWX and has increased its forecast on March 20, 2020 with a “Neutral” recommendation from previously “Sell” rating. Goldman started covering the stock on November 12, 2019. It rated SCWX as “a Sell”.

Price Performance Review of SCWX

On Tuesday, SecureWorks Corp [NASDAQ:SCWX] saw its stock fall -1.15% to $6.01. Over the last five days, the stock has lost -9.49%. SecureWorks Corp shares have fallen nearly -18.56% since the year began. Nevertheless, the stocks have fallen -17.56% over the past one year. While a 52-week high of $8.20 was reached on 01/23/24, a 52-week low of $5.40 was recorded on 04/22/24. SMA at 50 days reached $6.09, while 200 days put it at $6.30. A total of 83166.0 shares were traded, compared to the trading of 60400.0 shares in the previous session.

Levels Of Support And Resistance For SCWX Stock

The 24-hour chart illustrates a support level at 5.90, which if violated will result in even more drops to 5.78. On the upside, there is a resistance level at 6.19. A further resistance level may holdings at 6.36. The Relative Strength Index (RSI) on the 14-day chart is 46.20, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.76%. Stochastics %K at 32.49% indicates the stock is a holding.

The most recent change occurred on February 05, 2019 when BofA/Merrill resumed its ‘”an Underperform”‘ rating for the stock and retained the price target to $12.50.

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