Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. SEACOR Marine Holdings Inc shares valued at $69,736 were sold by Everett Andrew H II on Jul 16 ’24. At $15.01 per share, Everett Andrew H II sold 4,646 shares. The insider’s holdings dropped to 233,502 shares worth approximately $1.59 million following the completion of this transaction.
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Also, Rossmiller Gregory Scott sold 8,617 shares, netting a total of over 129,427 in proceeds. Following the sale of shares at $15.02 each, the insider now holds 224,897 shares.
Before that, Llorca Jesus had sold 14,168 shares from its account. In a trade valued at $212,520, the EVP & CFO traded SEACOR Marine Holdings Inc shares for $15.00 each. Upon closing the transaction, the insider’s holdings decreased to 14,168 shares, worth approximately $2.93 million.
As published in their initiating research note from B. Riley Securities on December 01, 2023, SEACOR Marine Holdings Inc [SMHI] has been a Buy and the price target has been revised to $17.
Analyzing SMHI Stock Performance
During the last five days, there has been a drop of approximately -19.81%. Over the course of the year, SEACOR Marine Holdings Inc shares have dropped approximately -45.99%. Shares of the company reached a 52-week high of $15.36 on 07/16/24 and a 52-week low of $6.71 on 10/31/24. A 50-day SMA is recorded $9.66, while a 200-day SMA reached $11.79. Nevertheless, trading volume fell to 0.96 million shares from 0.12 million shares the previous day.
Support And Resistance Levels for SEACOR Marine Holdings Inc (SMHI)
According to the 24-hour chart, there is a support level at 6.40, which, if violated, would cause prices to drop to 6.00. In the upper region, resistance lies at 7.51. The next price resistance is at 8.22. RSI (Relative Strength Index) is 21.78 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.70, which suggests the price will decrease in the coming days. Percent R is at 96.73%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
