The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. StepStone Group Inc shares valued at $1,219,350 were sold by Mitchell Steven R on Jun 11 ’24. At $44.34 per share, Mitchell Steven R sold 27,500 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, Keck Thomas sold 74,976 shares, netting a total of over 3,378,419 in proceeds. Following the sale of shares at $45.06 each, the insider now holds 118,739 shares.
Before that, Keck Thomas had sold 13,050 shares from its account. In a trade valued at $591,426, the Director traded StepStone Group Inc shares for $45.32 each. Upon closing the transaction, the insider’s holdings decreased to 13,050 shares, worth approximately $5.94 million.
As published in a research note from JP Morgan on April 11, 2024, StepStone Group Inc [STEP] has been rated up from a Neutral to an Overweight and the price target has been revised to $49 from $40. Analysts at Oppenheimer started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid March. As of September 07, 2022, BofA Securities has initiated its “Buy” rating for STEP. Earlier on August 31, 2022, Barclays initiated its rating. Their recommendation was “an Equal weight” for STEP stock.
Analyzing STEP Stock Performance
During the last five days, there has been a surge of approximately 4.02%. Over the course of the year, StepStone Group Inc shares have jumped approximately 85.91%. Shares of the company reached a 52-week high of $59.06 on 10/02/24 and a 52-week low of $30.46 on 01/05/24. A 50-day SMA is recorded $52.53, while a 200-day SMA reached $41.13. Nevertheless, trading volume fell to 0.59 million shares from 0.82 million shares the previous day.
Support And Resistance Levels for StepStone Group Inc (STEP)
According to the 24-hour chart, there is a support level at 58.02, which, if violated, would cause prices to drop to 57.07. In the upper region, resistance lies at 59.49. The next price resistance is at 60.01. RSI (Relative Strength Index) is 69.44 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.80, which suggests the price will increase in the coming days. Percent R is at 1.22%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
