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. SEI Investments Co. shares valued at $382,725 were sold by WEST ALFRED P JR on Aug 29 ’24. At $67.50 per share, WEST ALFRED P JR sold 5,670 shares. The insider’s holdings dropped to 7,498,615 shares worth approximately $550.1 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, WEST ALFRED P JR sold 61,000 shares, netting a total of over 4,108,960 in proceeds. Following the sale of shares at $67.36 each, the insider now holds 7,504,285 shares.
Before that, WEST ALFRED P JR had sold 40,129 shares from its account. In a trade valued at $2,684,630, the Executive Chairman traded SEI Investments Co. shares for $66.90 each. Upon closing the transaction, the insider’s holdings decreased to 40,129 shares, worth approximately $554.99 million.
As published in their initiating research note from Piper Sandler on March 29, 2023, SEI Investments Co. [SEIC] has been a Neutral and the price target has been revised to $60. As of July 12, 2022, Morgan Stanley has decreased its “an Equal-weight” rating to a “an Underweight” for SEIC. Earlier on March 28, 2022, Goldman downgraded its rating. Their new recommendation was “a Neutral” for SEIC stock which previously was a “a Buy”.
Analyzing SEIC Stock Performance
During the last five days, there has been a surge of approximately 3.79%. Over the course of the year, SEI Investments Co. shares have jumped approximately 15.44%. Shares of the company reached a 52-week high of $73.45 on 10/17/24 and a 52-week low of $61.58 on 01/04/24. A 50-day SMA is recorded $68.04, while a 200-day SMA reached $67.07. Nevertheless, trading volume fell to 0.7 million shares from 0.4 million shares the previous day.
Support And Resistance Levels for SEI Investments Co. (SEIC)
According to the 24-hour chart, there is a support level at 72.65, which, if violated, would cause prices to drop to 71.94. In the upper region, resistance lies at 73.76. The next price resistance is at 74.16. RSI (Relative Strength Index) is 76.45 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.03, which suggests the price will increase in the coming days. Percent R is at 1.84%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
