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Examining the Potential Price Growth of Scholar Rock Holding Corp (SRRK)

In a filing, Scholar Rock Holding Corp revealed its COO & CFO Myles Edward H unloaded Company’s shares for reported $84978.0 on Jun 17 ’24. In the deal valued at $8.98 per share,9,458 shares were sold. As a result of this transaction, Myles Edward H now holds 201,518 shares worth roughly $1.54 million.

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Then, Ho Junlin sold 4,695 shares, generating $42,183 in total proceeds. Upon selling the shares at $8.98, the GENERAL COUNSEL now owns 204,076 shares.

Before that, Parlavecchio Caryn sold 4,305 shares. Scholar Rock Holding Corp shares valued at $38,680 were divested by the CHRO at a price of $8.98 per share. As a result of the transaction, Parlavecchio Caryn now holds 153,439 shares, worth roughly $1.17 million.

Raymond James initiated its Scholar Rock Holding Corp [SRRK] rating to a Strong buy in a research note published on March 28, 2024; the price target was $30. A number of analysts have revised their coverage, including Jefferies’s analysts, who increased its forecast for the stock in late October from “a Hold” to “a Buy”.

Price Performance Review of SRRK

On Tuesday, Scholar Rock Holding Corp [NASDAQ:SRRK] saw its stock fall -6.15% to $7.63. Over the last five days, the stock has lost -5.45%. Scholar Rock Holding Corp shares have fallen nearly -59.41% since the year began. Nevertheless, the stocks have risen 1.19% over the past one year. While a 52-week high of $21.17 was reached on 01/02/24, a 52-week low of $5.93 was recorded on 06/27/24. SMA at 50 days reached $11.39, while 200 days put it at $13.02. A total of 0.53 million shares were traded, compared to the trading of 4.4 million shares in the previous session.

Levels Of Support And Resistance For SRRK Stock

The 24-hour chart illustrates a support level at 7.45, which if violated will result in even more drops to 7.27. On the upside, there is a resistance level at 7.94. A further resistance level may holdings at 8.25. The Relative Strength Index (RSI) on the 14-day chart is 25.89, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.47, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.74%. Stochastics%K at 17.36% indicates the stock is a buying.

The most recent change occurred on July 12, 2022 when Truist began covering the stock and recommended ‘”a Buy”‘ rating along with a $20 price target.

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