Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Science Applications International Corp. shares valued at $11,700 were purchased by Attili Srinivas on Jul 03 ’24. At $117.00 per share, Attili Srinivas acquired 100 shares. The insider’s holdings grew to 11,436 shares worth approximately $1.33 million following the completion of this transaction.
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Also, DiFronzo Vincent P. purchased 215 shares, netting a total of over 25,095 in proceeds. Following the buying of shares at $116.72 each, the insider now holds 2,267 shares.
Before that, Natarajan Prabu had added 2,000 shares to its account. In a trade valued at $229,700, the EVP, Chief Financial Officer bought Science Applications International Corp. shares for $114.85 each. Upon closing the transaction, the insider’s holdings increased to 2,000 shares, worth approximately $7.03 million.
As published in a research note from JP Morgan on December 05, 2023, Science Applications International Corp. [SAIC] has been rated down from an Overweight to a Neutral and the price target has been revised to $142 from $130. Analysts at Morgan Stanley downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal-weight”‘ outlook in a report released in early January. As of December 08, 2022, Citigroup has initiated its “Buy” rating for SAIC. Earlier on November 17, 2022, Jefferies downgraded its rating. Their new recommendation was “a Hold” for SAIC stock which previously was a “a Buy”.
Analyzing SAIC Stock Performance
During the last five days, there has been a drop of approximately -1.71%. Over the course of the year, Science Applications International Corp. shares have dropped approximately -6.69%. Shares of the company reached a 52-week high of $145.17 on 03/06/24 and a 52-week low of $112.00 on 06/14/24. A 50-day SMA is recorded $126.04, while a 200-day SMA reached $124.01. Nevertheless, trading volume fell to 0.23 million shares from 0.21 million shares the previous day.
Support And Resistance Levels for Science Applications International Corp. (SAIC)
According to the 24-hour chart, there is a support level at 115.84, which, if violated, would cause prices to drop to 115.37. In the upper region, resistance lies at 117.06. The next price resistance is at 117.81. RSI (Relative Strength Index) is 36.45 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.11, which suggests the price will decrease in the coming days. Percent R is at 36.66%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.
