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Sharecare Inc (SHCR) may enjoy gains as insiders got busy in the recent days

Sharecare Inc’s filing revealed that its Co-Founder and Executive Chair ARNOLD JEFFREY T unloaded Company’s shares for reported $0.24 million on Aug 16 ’24. In the deal valued at $1.38 per share,177,085 shares were sold. As a result of this transaction, ARNOLD JEFFREY T now holds 4,790,406 shares worth roughly $6.85 million.

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Then, Jeffrey Arnold bought 177,085 shares, generating $244,498 in total proceeds.

Before that, Blalock Michael sold 39,000 shares. Sharecare Inc shares valued at $53,625 were divested by the Chief Accounting Officer at a price of $1.38 per share. As a result of the transaction, Blalock Michael now holds 156,645 shares, worth roughly $0.22 million.

BTIG Research downgraded its Sharecare Inc [SHCR] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who began to cover the stock in mid July with a ‘”an Equal-weight”‘ rating. Goldman began covering SHCR with “Neutral” recommendation on February 11, 2022. Canaccord Genuity started covering the stock on August 04, 2021. It rated SHCR as “a Buy”.

Price Performance Review of SHCR

On Monday, Sharecare Inc [NASDAQ:SHCR] saw its stock fall -0.35% to $1.43. Sharecare Inc shares have risen nearly 32.41% since the year began. Nevertheless, the stocks have risen 21.19% over the past one year. While a 52-week high of $1.44 was reached on 10/21/24, a 52-week low of $0.48 was recorded on 04/01/24. SMA at 50 days reached $1.4058, while 200 days put it at $1.0996.

Levels Of Support And Resistance For SHCR Stock

The 24-hour chart illustrates a support level at 1.4267, which if violated will result in even more drops to 1.4233. On the upside, there is a resistance level at 1.4367. A further resistance level may holdings at 1.4433. The Relative Strength Index (RSI) on the 14-day chart is 59.33, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0052, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 50.00%. Stochastics %K at 66.67% indicates the stock is a holding.

How much short interest is there in Sharecare Inc?

A steep rise in short interest was recorded in Sharecare Inc stocks on 2024-09-30, dropping by 16203.0 shares to a total of 3.65 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 3.67 million shares. There was a decline of -0.44%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on July 28, 2021 when BTIG Research began covering the stock and recommended ‘”a Buy”‘ rating along with a $15 price target.

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