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Understanding the Risks of Investing in SS&C Technologies Holdings Inc (SSNC)

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SS&C Technologies Holdings Inc’s recent filing unveils that its Director ZAMKOW MICHAEL JAY unloaded Company’s shares for reported $1.44 million on Sep 20 ’24. In the deal valued at $75.97 per share,19,000 shares were sold. As a result of this transaction, ZAMKOW MICHAEL JAY now holds 22,576 shares worth roughly $1.58 million.

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Then, Michael Zamkow bought 19,000 shares, generating $1,452,740 in total proceeds.

Before that, BOULANGER NORMAND A sold 130,000 shares. SS&C Technologies Holdings Inc shares valued at $9,798,828 were divested by the Director at a price of $75.38 per share. As a result of the transaction, BOULANGER NORMAND A now holds 333,576 shares, worth roughly $23.39 million.

UBS initiated its SS&C Technologies Holdings Inc [SSNC] rating to a Buy in a research note published on November 07, 2023; the price target was $72. A number of analysts have revised their coverage, including JP Morgan’s analysts, who began to cover the stock in mid March with a ‘”an Overweight”‘ rating. Credit Suisse started covering the stock on January 07, 2022. It rated SSNC as “an Outperform”.

Price Performance Review of SSNC

On Monday, SS&C Technologies Holdings Inc [NASDAQ:SSNC] saw its stock jump 0.13% to $70.13. Over the last five days, the stock has lost -7.88%. SS&C Technologies Holdings Inc shares have risen nearly 14.76% since the year began. Nevertheless, the stocks have risen 41.85% over the past one year. While a 52-week high of $77.02 was reached on 10/18/24, a 52-week low of $46.61 was recorded on 01/05/24. SMA at 50 days reached $74.28, while 200 days put it at $66.22.

Levels Of Support And Resistance For SSNC Stock

The 24-hour chart illustrates a support level at 69.87, which if violated will result in even more drops to 69.62. On the upside, there is a resistance level at 70.62. A further resistance level may holdings at 71.12. The Relative Strength Index (RSI) on the 14-day chart is 30.04, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 67.62%. Stochastics %K at 38.73% indicates the stock is a holding.

How much short interest is there in SS&C Technologies Holdings Inc?

A steep rise in short interest was recorded in SS&C Technologies Holdings Inc stocks on 2024-10-15, growing by 0.22 million shares to a total of 1.79 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 1.57 million shares. There was a rise of 12.11%, which implies that there is a positive sentiment for the stock.

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