Scholar Rock Holding Corp’s recent filing unveils that its CHIEF SCIENTIFIC OFFICER Qatanani Mo unloaded Company’s shares for reported $16611.0 on Sep 16 ’24. In the deal valued at $8.58 per share,1,936 shares were sold. As a result of this transaction, Qatanani Mo now holds 142,768 shares worth roughly $1.06 million.
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Then, Parlavecchio Caryn sold 1,451 shares, generating $13,538 in total proceeds. Upon selling the shares at $9.33, the CHRO now owns 151,988 shares.
Before that, Qatanani Mo sold 2,315 shares. Scholar Rock Holding Corp shares valued at $20,800 were divested by the CHIEF SCIENTIFIC OFFICER at a price of $8.98 per share. As a result of the transaction, Qatanani Mo now holds 144,704 shares, worth roughly $1.08 million.
Raymond James initiated its Scholar Rock Holding Corp [SRRK] rating to a Strong buy in a research note published on March 28, 2024; the price target was $30. A number of analysts have revised their coverage, including Jefferies’s analysts, who increased its forecast for the stock in late October from “a Hold” to “a Buy”.
Price Performance Review of SRRK
On Tuesday, Scholar Rock Holding Corp [NASDAQ:SRRK] saw its stock fall -6.99% to $7.45. Over the last five days, the stock has lost -13.77%. Scholar Rock Holding Corp shares have fallen nearly -60.37% since the year began. Nevertheless, the stocks have risen 4.93% over the past one year. While a 52-week high of $21.17 was reached on 01/02/24, a 52-week low of $6.22 was recorded on 10/01/24. SMA at 50 days reached $8.84, while 200 days put it at $12.53.
Levels Of Support And Resistance For SRRK Stock
The 24-hour chart illustrates a support level at 7.04, which if violated will result in even more drops to 6.63. On the upside, there is a resistance level at 7.99. A further resistance level may holdings at 8.53. The Relative Strength Index (RSI) on the 14-day chart is 36.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.37, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.18%. Stochastics %K at 23.69% indicates the stock is a holding.
How much short interest is there in Scholar Rock Holding Corp?
A steep rise in short interest was recorded in Scholar Rock Holding Corp stocks on 2024-09-13, growing by 1.71 million shares to a total of 16.62 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 14.91 million shares. There was a rise of 10.27%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on July 12, 2022 when Truist began covering the stock and recommended ‘”a Buy”‘ rating along with a $20 price target.
