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. Sharecare Inc shares valued at $244,501 were sold by ARNOLD JEFFREY T on Aug 16 ’24. At $1.38 per share, ARNOLD JEFFREY T sold 177,085 shares. The insider’s holdings dropped to 4,790,406 shares worth approximately $6.85 million following the completion of this transaction.
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Also, Jeffrey Arnold purchased 177,085 shares, netting a total of over 244,498 in proceeds.
Before that, Blalock Michael had sold 39,000 shares from its account. In a trade valued at $53,625, the Chief Accounting Officer traded Sharecare Inc shares for $1.38 each. Upon closing the transaction, the insider’s holdings decreased to 39,000 shares, worth approximately $0.22 million.
As published in a research note from BTIG Research on April 01, 2024, Sharecare Inc [SHCR] has been rated down from a Buy to a Neutral. Analysts at Morgan Stanley started covering the stock with ‘”an Equal-weight”‘ outlook in a report released in mid July. As of February 11, 2022, Goldman has initiated its “Neutral” rating for SHCR. Earlier on August 04, 2021, Canaccord Genuity initiated its rating. Their recommendation was “a Buy” for SHCR stock.
Analyzing SHCR Stock Performance
Over the course of the year, Sharecare Inc shares have jumped approximately 32.41%. Shares of the company reached a 52-week high of $1.4400 on 10/17/24 and a 52-week low of $0.4811 on 04/01/24. A 50-day SMA is recorded $1.4035, while a 200-day SMA reached $1.0956. Nevertheless, trading volume fell to 2.36 million shares from 5.23 million shares the previous day.
Support And Resistance Levels for Sharecare Inc (SHCR)
According to the 24-hour chart, there is a support level at 1.4267, which, if violated, would cause prices to drop to 1.4233. In the upper region, resistance lies at 1.4367. The next price resistance is at 1.4433. RSI (Relative Strength Index) is 61.19 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.0054, 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.
