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Insider Selling: Alclear Investments II, LLC, Clear Secure Inc [YOU] Director divested 150,000 shares

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Clear Secure Inc shares valued at $4,956,000 were sold by Alclear Investments II, LLC on Sep 18 ’24. At $33.04 per share, Alclear Investments II, LLC sold 150,000 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.

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Also, Cornick Kenneth L. sold 150,000 shares, netting a total of over 4,956,000 in proceeds. Following the sale of shares at $33.04 each, the insider now holds 0 shares.

Before that, Alclear Investments II, LLC had sold 250,000 shares from its account. In a trade valued at $8,075,000, the Director traded Clear Secure Inc shares for $32.30 each. Upon closing the transaction, the insider’s holdings decreased to 250,000 shares, worth approximately $0.0.

As published in a research note from Wells Fargo on December 20, 2023, Clear Secure Inc [YOU] has been rated down from an Equal weight to an Underweight and the price target has been revised to $20. Analysts at Goldman started covering the stock with ‘”a Buy”‘ outlook in a report released in mid October. Earlier on June 06, 2023, Wedbush initiated its rating. Their recommendation was “a Neutral” for YOU stock.

Analyzing YOU Stock Performance

During the last five days, there has been a drop of approximately -2.25%. Over the course of the year, Clear Secure Inc shares have jumped approximately 57.98%. Shares of the company reached a 52-week high of $33.85 on 09/18/24 and a 52-week low of $16.05 on 05/08/24. A 50-day SMA is recorded $27.03, while a 200-day SMA reached $21.23. Nevertheless, trading volume fell to 1.31 million shares from 1.58 million shares the previous day.

Support And Resistance Levels for Clear Secure Inc (YOU)

According to the 24-hour chart, there is a support level at 31.77, which, if violated, would cause prices to drop to 31.40. In the upper region, resistance lies at 32.67. The next price resistance is at 33.21. RSI (Relative Strength Index) is 64.91 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.91, which suggests the price will decrease in the coming days. Percent R is at 33.33%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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