Scholar Rock Holding Corp’s recently made public that its COO & CFO Myles Edward H unloaded Company’s shares for reported $1.3 million on Oct 08 ’24. In the deal valued at $34.90 per share,37,187 shares were sold. As a result of this transaction, Myles Edward H now holds 161,088 shares worth roughly $4.9 million.
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Then, Myles Edward H sold 206,240 shares, generating $5,477,546 in total proceeds. Upon selling the shares at $26.56, the COO & CFO now owns 161,088 shares.
Before that, Sacco Tracey sold 30,000 shares. Scholar Rock Holding Corp shares valued at $768,677 were divested by the CHIEF COMMERCIAL OFFICER at a price of $25.62 per share. As a result of the transaction, Sacco Tracey now holds 49,285 shares, worth roughly $1.5 million.
H.C. Wainwright reiterated its Scholar Rock Holding Corp [SRRK] rating to a Buy in a research note published on October 07, 2024; the price target was $35. A number of analysts have revised their coverage, including Raymond James’s analysts, who began to cover the stock in late March with a ‘”a Strong buy”‘ rating. Jefferies also remained covering SRRK and has increased its forecast on October 25, 2023 with a “Buy” recommendation from previously “Hold” rating.
Price Performance Review of SRRK
On Monday, Scholar Rock Holding Corp [NASDAQ:SRRK] saw its stock jump 1.74% to $30.43. Over the last five days, the stock has gained 1.57%. Scholar Rock Holding Corp shares have risen nearly 61.86% since the year began. Nevertheless, the stocks have risen 186.80% over the past one year. While a 52-week high of $35.38 was reached on 10/08/24, a 52-week low of $6.76 was recorded on 10/03/24. SMA at 50 days reached $15.19, while 200 days put it at $13.27.
Levels Of Support And Resistance For SRRK Stock
The 24-hour chart illustrates a support level at 29.91, which if violated will result in even more drops to 29.40. On the upside, there is a resistance level at 31.05. A further resistance level may holdings at 31.68. The Relative Strength Index (RSI) on the 14-day chart is 70.70, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.02, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 10.20%. Stochastics %K at 61.92% indicates the stock is a holding.
How much short interest is there in Scholar Rock Holding Corp?
A steep rise in short interest was recorded in Scholar Rock Holding Corp stocks on 2024-10-15, dropping by -1.69 million shares to a total of 14.93 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 16.62 million shares. There was a decline of -11.34%, which implies that there is a negative sentiment for the stock.
