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. Simulations Plus Inc. shares valued at $625,200 were sold by WOLTOSZ WALTER S on Oct 01 ’24. At $31.26 per share, WOLTOSZ WALTER S sold 20,000 shares. The insider’s holdings dropped to 3,481,592 shares worth approximately $107.79 million following the completion of this transaction.
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Also, WEINER DANIEL L sold 750 shares, netting a total of over 23,655 in proceeds. Following the sale of shares at $31.54 each, the insider now holds 6,994 shares.
Before that, VIRGINIA EVANS WOLTOSZ & WALTE had added 60,000 shares to its account. In a trade valued at $1,921,200, the Director bought Simulations Plus Inc. shares for $32.02 each.
As published in their initiating research note from KeyBanc Capital Markets on July 29, 2024, Simulations Plus Inc. [SLP] has been an Overweight and the price target has been revised to $47. Analysts at JMP Securities started covering the stock with ‘”a Mkt perform”‘ outlook in a report released in mid July. As of June 28, 2024, William Blair has initiated its “an Outperform” rating for SLP. Earlier on May 09, 2023, BTIG Research initiated its rating. Their recommendation was “a Buy” for SLP stock.
Analyzing SLP Stock Performance
During the last five days, there has been a drop of approximately -7.00%. Over the course of the year, Simulations Plus Inc. shares have dropped approximately -30.82%. Shares of the company reached a 52-week high of $51.22 on 05/15/24 and a 52-week low of $29.37 on 10/07/24. A 50-day SMA is recorded $33.20, while a 200-day SMA reached $40.80. Nevertheless, trading volume fell to 0.72 million shares from 0.4 million shares the previous day.
Support And Resistance Levels for Simulations Plus Inc. (SLP)
According to the 24-hour chart, there is a support level at 29.23, which, if violated, would cause prices to drop to 27.49. In the upper region, resistance lies at 33.73. The next price resistance is at 36.49. RSI (Relative Strength Index) is 40.91 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.04, which suggests the price will increase in the coming days. Percent R is at 70.50%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
