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Keeping an Eye on CCC Intelligent Solutions Holdings Inc (CCCS) After Insider Trading Activity

CCC Intelligent Solutions Holdings Inc’s filing revealed that its insider Silva Michael John unloaded Company’s shares for reported $0.31 million on Aug 21 ’24. In the deal valued at $10.75 per share,29,022 shares were sold. As a result of this transaction, Silva Michael John now holds 30,172 shares worth roughly $0.33 million.

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Then, Silva Michael John bought 29,022 shares, generating $312,099 in total proceeds.

Before that, PRIGGE MARY JO sold 38,816 shares. CCC Intelligent Solutions Holdings Inc shares valued at $397,864 were divested by the insider at a price of $10.25 per share. As a result of the transaction, PRIGGE MARY JO now holds 97,268 shares, worth roughly $1.05 million.

Morgan Stanley began covering CCCS with “an Equal-weight” recommendation on December 12, 2023. Stifel started covering the stock on September 22, 2023. It rated CCCS as “a Buy”.

Price Performance Review of CCCS

On Monday, CCC Intelligent Solutions Holdings Inc [NASDAQ:CCCS] saw its stock fall -0.55% to $10.83. Over the last five days, the stock has gained 3.14%. CCC Intelligent Solutions Holdings Inc shares have fallen nearly -4.92% since the year began. Nevertheless, the stocks have fallen -3.82% over the past one year. While a 52-week high of $13.41 was reached on 03/08/24, a 52-week low of $9.79 was recorded on 08/05/24. SMA at 50 days reached $10.73, while 200 days put it at $11.23.

Levels Of Support And Resistance For CCCS Stock

The 24-hour chart illustrates a support level at 10.73, which if violated will result in even more drops to 10.64. On the upside, there is a resistance level at 10.93. A further resistance level may holdings at 11.04. The Relative Strength Index (RSI) on the 14-day chart is 55.67, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 26.09%. Stochastics %K at 72.95% indicates the stock is a holding.

How much short interest is there in CCC Intelligent Solutions Holdings Inc?

A steep rise in short interest was recorded in CCC Intelligent Solutions Holdings Inc stocks on 2024-08-30, growing by 6.05 million shares to a total of 12.76 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 6.7 million shares. There was a rise of 47.45%, which implies that there is a positive sentiment for the stock.

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