SS&C Technologies Holdings Inc’s recently made public that its President & COO Kanwar Rahul unloaded Company’s shares for reported $30.14 million on Aug 21 ’24. In the deal valued at $73.13 per share,412,190 shares were sold. As a result of this transaction, Kanwar Rahul now holds 57,642 shares worth roughly $4.31 million.
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Then, Kanwar Rahul sold 87,810 shares, generating $6,397,845 in total proceeds. Upon selling the shares at $72.86, the President & COO now owns 57,642 shares.
Before that, RAHUL KANWAR bought 412,190 shares. SS&C Technologies Holdings Inc shares valued at $30,143,372 were divested by the Officer at a price of $73.13 per share.
UBS initiated its SS&C Technologies Holdings Inc [SSNC] rating to a Buy in a research note published on November 07, 2023; the price target was $72. A number of analysts have revised their coverage, including JP Morgan’s analysts, who began to cover the stock in mid March with a ‘”an Overweight”‘ rating. Credit Suisse started covering the stock on January 07, 2022. It rated SSNC as “an Outperform”.
Price Performance Review of SSNC
On Friday, SS&C Technologies Holdings Inc [NASDAQ:SSNC] saw its stock jump 1.41% to $74.74. Over the last five days, the stock has gained 3.66%. SS&C Technologies Holdings Inc shares have risen nearly 22.30% since the year began. Nevertheless, the stocks have risen 36.76% over the past one year. While a 52-week high of $75.10 was reached on 08/30/24, a 52-week low of $46.61 was recorded on 01/05/24. SMA at 50 days reached $70.50, while 200 days put it at $63.82.
Levels Of Support And Resistance For SSNC Stock
The 24-hour chart illustrates a support level at 74.32, which if violated will result in even more drops to 73.90. On the upside, there is a resistance level at 74.98. A further resistance level may holdings at 75.22. The Relative Strength Index (RSI) on the 14-day chart is 62.35, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 9.73%. Stochastics %K at 63.69% indicates the stock is a holding.
How much short interest is there in SS&C Technologies Holdings Inc?
A steep rise in short interest was recorded in SS&C Technologies Holdings Inc stocks on 2024-08-30, dropping by -0.47 million shares to a total of 1.25 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 1.73 million shares. There was a decline of -37.72%, which implies that there is a negative sentiment for the stock.
