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Understanding the Risks of Investing in Clarivate Plc (CLVT)

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Clarivate Plc’s filing revealed that its Director Snyder Andrew Miles acquired Company’s shares for reported $1.49 million on Aug 09 ’24. In the deal valued at $5.67 per share,262,000 shares were bought. As a result of this transaction, Snyder Andrew Miles now holds 550,334 shares worth roughly $3.03 million.

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Then, Snyder Andrew Miles bought 28,938 shares, generating $158,870 in total proceeds. Upon buying the shares at $5.49, the Director now owns 288,334 shares.

Wells Fargo downgraded its Clarivate Plc [CLVT] rating to an Underweight from a an Equal weight in a research note published recently. A number of analysts have revised their coverage, including Jefferies’s analysts, who increased its forecast for the stock in mid October from “a Hold” to “a Buy”. Barclays also remained covering CLVT and has decreased its forecast on September 08, 2023 with a “an Underweight” recommendation from previously “an Equal weight” rating. RBC Capital Mkts revised its rating on August 25, 2023. It rated CLVT as “a Sector perform” which previously was an “an Outperform”.

Price Performance Review of CLVT

On Monday, Clarivate Plc [NYSE:CLVT] saw its stock fall -3.16% to $5.51. Over the last five days, the stock has lost -10.41%. Clarivate Plc shares have fallen nearly -40.50% since the year began. Nevertheless, the stocks have fallen -21.29% over the past one year. While a 52-week high of $9.60 was reached on 02/12/24, a 52-week low of $4.97 was recorded on 08/08/24. SMA at 50 days reached $5.89, while 200 days put it at $7.23.

Levels Of Support And Resistance For CLVT Stock

The 24-hour chart illustrates a support level at 5.43, which if violated will result in even more drops to 5.36. On the upside, there is a resistance level at 5.65. A further resistance level may holdings at 5.80. The Relative Strength Index (RSI) on the 14-day chart is 39.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.62, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.77%. Stochastics%K at 30.84% indicates the stock is a holding.

How much short interest is there in Clarivate Plc?

A steep rise in short interest was recorded in Clarivate Plc stocks on , dropping by 95250.0 shares to a total of 30.59 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 30.68 million shares. There was a decline of -0.31%, which implies that there is a negative sentiment for the stock.

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