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. SEI Investments Co shares valued at $749,000 were sold by Hicke Ryan on Oct 25 ’24. At $74.90 per share, Hicke Ryan sold 10,000 shares. The insider’s holdings dropped to 147,609 shares worth approximately $11.04 million following the completion of this transaction.
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Also, Peterson Michael sold 25,000 shares, netting a total of over 1,864,759 in proceeds. Following the sale of shares at $74.59 each, the insider now holds 6,500 shares.
Before that, GUARINO CARL had sold 7,564 shares from its account. In a trade valued at $573,124, the Director traded SEI Investments Co shares for $75.77 each. Upon closing the transaction, the insider’s holdings decreased to 7,564 shares, worth approximately $1.04 million.
As published in their initiating research note from Piper Sandler on March 29, 2023, SEI Investments Co [SEIC] has been a Neutral and the price target has been revised to $60. As of July 12, 2022, Morgan Stanley has decreased its “an Equal-weight” rating to a “an Underweight” for SEIC. Earlier on March 28, 2022, Goldman downgraded its rating. Their new recommendation was “a Neutral” for SEIC stock which previously was a “a Buy”.
Analyzing SEIC Stock Performance
During the last five days, there has been a surge of approximately 0.47%. Over the course of the year, SEI Investments Co shares have jumped approximately 17.64%. Shares of the company reached a 52-week high of $76.95 on 10/30/24 and a 52-week low of $61.58 on 01/04/24. A 50-day SMA is recorded $69.63, while a 200-day SMA reached $67.62. Nevertheless, trading volume fell to 0.77 million shares from 0.67 million shares the previous day.
Support And Resistance Levels for SEI Investments Co (SEIC)
According to the 24-hour chart, there is a support level at 74.24, which, if violated, would cause prices to drop to 73.72. In the upper region, resistance lies at 75.72. The next price resistance is at 76.68. RSI (Relative Strength Index) is 63.38 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.26, which suggests the price will increase in the coming days. Percent R is at 31.74%, indicating low price movement. Stochastics %K at selling indicates that the stock is to be held.
