Stoneridge Inc.’s filing revealed that its President and CEO Zizelman James acquired Company’s shares for reported $0.1 million on May 07 ’24. In the deal valued at $15.72 per share,6,500 shares were bought. As a result of this transaction, Zizelman James now holds 6,500 shares worth roughly $79625.0.
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Then, Kased Rajaey sold 1,032 shares, generating $17,389 in total proceeds. Upon selling the shares at $16.85, the President Control Devices now owns 5,763 shares.
Before that, Korth Kim sold 7,745 shares. Stoneridge Inc. shares valued at $127,715 were divested by the Director at a price of $16.49 per share. As a result of the transaction, Korth Kim now holds 73,227 shares, worth roughly $0.9 million.
Barrington Research upgraded its Stoneridge Inc. [SRI] rating to an Outperform from a a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including Barrington Research’s analysts, who decreased its forecast for the stock in mid October from “an Outperform” to “a Mkt perform”. Barrington Research also remained covering SRI and has increased its forecast on March 02, 2021 with a “an Outperform” recommendation from previously “Mkt perform” rating. CL King revised its rating on February 26, 2021. It rated SRI as “a Neutral” which previously was an “a Buy”.
Price Performance Review of SRI
On Tuesday, Stoneridge Inc. [NYSE:SRI] saw its stock jump 0.99% to $12.25. Over the last five days, the stock has gained 0.99%. Stoneridge Inc. shares have fallen nearly -37.40% since the year began. Nevertheless, the stocks have fallen -34.03% over the past one year. While a 52-week high of $20.52 was reached on 01/02/24, a 52-week low of $11.67 was recorded on 09/11/24. SMA at 50 days reached $14.65, while 200 days put it at $16.39.
Levels Of Support And Resistance For SRI Stock
The 24-hour chart illustrates a support level at 12.03, which if violated will result in even more drops to 11.80. On the upside, there is a resistance level at 12.64. A further resistance level may holdings at 13.02. The Relative Strength Index (RSI) on the 14-day chart is 35.99, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.64, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.34%. Stochastics %K at 20.98% indicates the stock is a holding.
How much short interest is there in Stoneridge Inc.?
A steep rise in short interest was recorded in Stoneridge Inc. stocks on 2024-08-30, dropping by -0.26 million shares to a total of 0.32 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 0.58 million shares. There was a decline of -83.24%, which implies that there is a negative sentiment for the stock.
