CCC Intelligent Solutions Holdings Inc’s recently made public that its insider RAMAMURTHY GITHESH unloaded Company’s shares for reported $8.69 million on Jun 26 ’24. In the deal valued at $11.51 per share,755,254 shares were sold. As a result of this transaction, RAMAMURTHY GITHESH now holds 6,463,840 shares worth roughly $71.81 million.
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Then, RAMAMURTHY GITHESH sold 24,541 shares, generating $282,222 in total proceeds. Upon selling the shares at $11.50, the insider now owns 6,463,840 shares.
Before that, RAMAMURTHY GITHESH sold 159,176 shares. CCC Intelligent Solutions Holdings Inc shares valued at $1,831,686 were divested by the insider at a price of $11.51 per share. As a result of the transaction, RAMAMURTHY GITHESH now holds 6,463,840 shares, worth roughly $71.81 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 -3.39% to $11.11. Over the last five days, the stock has lost -3.31%. CCC Intelligent Solutions Holdings Inc shares have fallen nearly -2.46% since the year began. Nevertheless, the stocks have risen 1.09% 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 $11.30, while 200 days put it at $11.51. A total of 22.56 million shares were traded, compared to the trading of 5.34 million shares in the previous session.
Levels Of Support And Resistance For CCCS Stock
The 24-hour chart illustrates a support level at 10.98, which if violated will result in even more drops to 10.85. On the upside, there is a resistance level at 11.27. A further resistance level may holdings at 11.44. The Relative Strength Index (RSI) on the 14-day chart is 39.65, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.90%. Stochastics%K at 37.37% indicates the stock is a holding.
