Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. SunCoke Energy Inc shares valued at $48,356 were sold by Quanci John F on May 24 ’24. At $10.67 per share, Quanci John F sold 4,532 shares. The insider’s holdings dropped to 19,922 shares worth approximately $0.19 million following the completion of this transaction.
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Also, Mikhalevsky Andrei Alexander purchased 2,000 shares, netting a total of over 20,760 in proceeds. Following the buying of shares at $10.38 each, the insider now holds 2,000 shares.
Before that, Rippey Michael G had sold 78,714 shares from its account. In a trade valued at $870,577, the Chief Executive Officer traded SunCoke Energy Inc shares for $11.06 each. Upon closing the transaction, the insider’s holdings decreased to 78,714 shares, worth approximately $3.25 million.
As published in a research note from B. Riley Securities on August 03, 2023, SunCoke Energy Inc [SXC] has been rated down from a Buy to a Neutral and the price target has been revised to $11 from $12. Analysts at The Benchmark Company started covering the stock with ‘”a Hold”‘ outlook in a report released in early February. As of December 05, 2019, B. Riley FBR has increased its “Neutral” rating to a “Buy” for SXC. Earlier on September 30, 2019, B. Riley FBR downgraded its rating. Their new recommendation was “a Neutral” for SXC stock which previously was a “a Buy”.
Analyzing SXC Stock Performance
During the last five days, there has been a drop of approximately -0.94%. Over the course of the year, SunCoke Energy Inc shares have dropped approximately -11.55%. Shares of the company reached a 52-week high of $11.48 on 03/28/24 and a 52-week low of $9.31 on 06/17/24. A 50-day SMA is recorded $10.13, while a 200-day SMA reached $10.20. Nevertheless, trading volume fell to 0.35 million shares from 0.58 million shares the previous day.
Support And Resistance Levels for SunCoke Energy Inc (SXC)
According to the 24-hour chart, there is a support level at 10.08, which, if violated, would cause prices to drop to 9.93. In the upper region, resistance lies at 10.38. The next price resistance is at 10.54. RSI (Relative Strength Index) is 40.83 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.42, which suggests the price will decrease in the coming days. Percent R is at 14.49%, indicating bullish price movement. Stochastics%K at selling indicates that the stock is to be held.
