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Insider Selling: Marsh Dilek, Grand Canyon Education Inc [LOPE] CHIEF TECHNOLOGY OFFICER divested 1,500 shares

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Grand Canyon Education Inc shares valued at $205,170 were sold by Marsh Dilek on Jun 18 ’24. At $136.78 per share, Marsh Dilek sold 1,500 shares. The insider’s holdings dropped to 24,174 shares worth approximately $3.51 million following the completion of this transaction.

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Also, Browning Lori sold 2,000 shares, netting a total of over 295,600 in proceeds. Following the sale of shares at $147.80 each, the insider now holds 12,478 shares.

Before that, Keegan Lisa Graham had sold 270 shares from its account. In a trade valued at $39,949, the Director traded Grand Canyon Education Inc shares for $147.96 each. Upon closing the transaction, the insider’s holdings decreased to 270 shares, worth approximately $0.38 million.

As published in a research note from Barrington Research on May 03, 2023, Grand Canyon Education Inc [LOPE] has been retained to an Outperform and the price target has been revised to $140. Analysts at Berenberg downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in late January. As of October 20, 2020, Berenberg has initiated its “Buy” rating for LOPE. Earlier on September 11, 2020, Sidoti upgraded its rating. Their new recommendation was “a Buy” for LOPE stock which previously was a “a Neutral”.

Analyzing LOPE Stock Performance

During the last five days, there has been a surge of approximately 6.93%. Over the course of the year, Grand Canyon Education Inc shares have jumped approximately 9.82%. Shares of the company reached a 52-week high of $156.56 on 05/08/24 and a 52-week low of $118.48 on 02/14/24. A 50-day SMA is recorded $139.95, while a 200-day SMA reached $132.12. Nevertheless, trading volume fell to 0.18 million shares from 0.27 million shares the previous day.

Support And Resistance Levels for Grand Canyon Education Inc (LOPE)

According to the 24-hour chart, there is a support level at 141.88, which, if violated, would cause prices to drop to 140.57. In the upper region, resistance lies at 143.93. The next price resistance is at 144.67. RSI (Relative Strength Index) is 63.42 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.28, which suggests the price will increase in the coming days. Percent R is at 1.87%, indicating bullish price movement. Stochastics%K at selling indicates that the stock is to be held.

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