In a filing, Scholar Rock Holding Corp revealed its COO & CFO Myles Edward H unloaded Company’s shares for reported $5.48 million on Oct 07 ’24. In the deal valued at $26.56 per share,206,240 shares were sold. As a result of this transaction, Myles Edward H now holds 161,088 shares worth roughly $5.52 million.
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Then, Sacco Tracey sold 30,000 shares, generating $768,677 in total proceeds. Upon selling the shares at $25.62, the CHIEF COMMERCIAL OFFICER now owns 49,285 shares.
Before that, AKKARAJU SRINIVAS sold 1,175,713 shares. Scholar Rock Holding Corp shares valued at $34,385,672 were divested by the Director at a price of $29.25 per share. As a result of the transaction, AKKARAJU SRINIVAS now holds 5,612,896 shares, worth roughly $192.41 million.
H.C. Wainwright reiterated its Scholar Rock Holding Corp [SRRK] rating to a Buy in a research note published on October 07, 2024; the price target was $35. A number of analysts have revised their coverage, including Raymond James’s analysts, who began to cover the stock in late March with a ‘”a Strong buy”‘ rating. Jefferies also remained covering SRRK and has increased its forecast on October 25, 2023 with a “Buy” recommendation from previously “Hold” rating.
Price Performance Review of SRRK
On Monday, Scholar Rock Holding Corp [NASDAQ:SRRK] saw its stock jump 361.99% to $34.28. Over the last five days, the stock has gained 327.97%. Scholar Rock Holding Corp shares have risen nearly 82.34% since the year began. Nevertheless, the stocks have risen 370.88% over the past one year. While a 52-week high of $21.17 was reached on 10/07/24, a 52-week low of $6.30 was recorded on 10/03/24. SMA at 50 days reached $9.23, while 200 days put it at $12.44.
Levels Of Support And Resistance For SRRK Stock
The 24-hour chart illustrates a support level at 28.16, which if violated will result in even more drops to 22.04. On the upside, there is a resistance level at 37.39. A further resistance level may holdings at 40.50. The Relative Strength Index (RSI) on the 14-day chart is 92.11, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.18, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.36%. Stochastics %K at 43.85% 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.
