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Selling Buzz: CCC Intelligent Solutions Holdings Inc [CCCS] Director ADVENT INTERNATIONAL, L.P. sells 24,973,795 shares of the company

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. CCC Intelligent Solutions Holdings Inc shares valued at $282,178,910 were sold by ADVENT INTERNATIONAL, L.P. on Jul 01 ’24. At $11.30 per share, ADVENT INTERNATIONAL, L.P. sold 24,973,795 shares. The insider’s holdings dropped to 3,232,721 shares worth approximately $35.56 million following the completion of this transaction.

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Also, Wei Eric sold 24,973,795 shares, netting a total of over 282,178,910 in proceeds. Following the sale of shares at $11.30 each, the insider now holds 3,232,721 shares.

Before that, Egan Christopher had sold 24,973,795 shares from its account. In a trade valued at $282,178,910, the Director traded CCC Intelligent Solutions Holdings Inc shares for $11.30 each. Upon closing the transaction, the insider’s holdings decreased to 24,973,795 shares, worth approximately $35.56 million.

Analysts at Morgan Stanley started covering the stock with ‘”an Equal-weight”‘ outlook in a report released in mid December. As of September 22, 2023, Stifel has initiated its “Buy” rating for CCCS. Earlier on May 23, 2023, Evercore ISI upgraded its rating. Their new recommendation was “an Outperform” for CCCS stock which previously was a “an In-line”.

Analyzing CCCS Stock Performance

During the last five days, there has been a drop of approximately -4.35%. Over the course of the year, CCC Intelligent Solutions Holdings Inc shares have dropped approximately -3.42%. Shares of the company reached a 52-week high of $12.68 on 03/08/24 and a 52-week low of $10.45 on 05/01/24. A 50-day SMA is recorded $11.28, while a 200-day SMA reached $11.51. Nevertheless, trading volume fell to 1.86 million shares from 5.18 million shares the previous day.

Support And Resistance Levels for CCC Intelligent Solutions Holdings Inc (CCCS)

According to the 24-hour chart, there is a support level at 11.05, which, if violated, would cause prices to drop to 11.00. In the upper region, resistance lies at 11.13. The next price resistance is at 11.16. RSI (Relative Strength Index) is 36.62 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.28, which suggests the price will decrease in the coming days. Percent R is at 85.71%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

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