In a filing, CCC Intelligent Solutions Holdings Inc revealed its Director Young Lauren unloaded Company’s shares for reported $475.75 million on May 30 ’24. In the deal valued at $11.43 per share,41,622,992 shares were sold. As a result of this transaction, Young Lauren now holds 3,812,112 shares worth roughly $43.8 million.
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Then, ADVENT INTERNATIONAL, L.P. sold 41,622,992 shares, generating $475,750,799 in total proceeds. Upon selling the shares at $11.43, the Director now owns 3,812,112 shares.
Before that, Wei Eric sold 41,622,992 shares. CCC Intelligent Solutions Holdings Inc shares valued at $475,750,799 were divested by the Director at a price of $11.43 per share. As a result of the transaction, Wei Eric now holds 3,812,112 shares, worth roughly $43.8 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 jump 2.13% to $11.49. Over the last five days, the stock has lost -0.61%. CCC Intelligent Solutions Holdings Inc shares have risen nearly 0.88% since the year began. Nevertheless, the stocks have risen 7.18% over the past one year. While a 52-week high of $13.41 was reached on 03/08/24, a 52-week low of $10.32 was recorded on 05/01/24. SMA at 50 days reached $11.32, while 200 days put it at $11.50. A total of 5.56 million shares were traded, compared to the trading of 2.17 million shares in the previous session.
Levels Of Support And Resistance For CCCS Stock
The 24-hour chart illustrates a support level at 11.27, which if violated will result in even more drops to 11.04. On the upside, there is a resistance level at 11.65. A further resistance level may holdings at 11.80. The Relative Strength Index (RSI) on the 14-day chart is 52.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 38.27%. Stochastics %K at 48.97% indicates the stock is a holding.
