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Sterling Check Corp [STER] Records 200-Day SMA of $15.36

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Sterling Check Corp shares valued at $19,082,820 were sold by Laird Melanie on Oct 16 ’24. At $17.13 per share, Laird Melanie sold 1,114,000 shares. The insider’s holdings dropped to 9,635,576 shares worth approximately $168.14 million following the completion of this transaction.

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Also, Laird Melanie sold 300,000 shares, netting a total of over 5,154,000 in proceeds. Following the sale of shares at $17.18 each, the insider now holds 10,749,576 shares.

Before that, Laird Melanie had sold 22,278 shares from its account. In a trade valued at $377,813, the 10% Owner traded Sterling Check Corp shares for $16.96 each. Upon closing the transaction, the insider’s holdings decreased to 22,278 shares, worth approximately $192.82 million.

As published in their initiating research note from Citigroup on November 16, 2023, Sterling Check Corp [STER] has been a Neutral and the price target has been revised to $13. As of February 10, 2023, Needham has decreased its “Buy” rating to a “Hold” for STER. Earlier on January 25, 2023, KeyBanc Capital Markets downgraded its rating. Their new recommendation was “a Sector weight” for STER stock which previously was a “an Overweight”.

Analyzing STER Stock Performance

During the last five days, there has been a surge of approximately 1.45%. Over the course of the year, Sterling Check Corp shares have jumped approximately 25.36%. Shares of the company reached a 52-week high of $18.04 on 10/22/24 and a 52-week low of $12.38 on 02/28/24. A 50-day SMA is recorded $16.52, while a 200-day SMA reached $15.36. Nevertheless, trading volume fell to 3.14 million shares from 5.61 million shares the previous day.

Support And Resistance Levels for Sterling Check Corp (STER)

According to the 24-hour chart, there is a support level at 17.33, which, if violated, would cause prices to drop to 17.21. In the upper region, resistance lies at 17.60. The next price resistance is at 17.76. RSI (Relative Strength Index) is 65.96 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.43, which suggests the price will decrease in the coming days. Percent R is at 35.12%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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