Scholar Rock Holding Corp’s recent filing unveils 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 $4.46 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 $1.36 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 fall -2.64% to $27.67. Over the last five days, the stock has lost -9.07%. Scholar Rock Holding Corp shares have risen nearly 47.18% since the year began. Nevertheless, the stocks have risen 120.65% 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 $17.17, while 200 days put it at $13.61.
Levels Of Support And Resistance For SRRK Stock
The 24-hour chart illustrates a support level at 27.07, which if violated will result in even more drops to 26.48. On the upside, there is a resistance level at 28.34. A further resistance level may holdings at 29.02. The Relative Strength Index (RSI) on the 14-day chart is 59.38, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.29%. Stochastics %K at 31.02% 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.
