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Understanding the Risks of Investing in Service Corp. International (SCI)

Service Corp. International’s recent filing unveils that its Director Haussler Jakki L. acquired Company’s shares for reported $0.43 million on Nov 01 ’24. In the deal valued at $81.65 per share,5,326 shares were bought.

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Then, Tidwell Steven A sold 55,000 shares, generating $4,398,218 in total proceeds. Upon selling the shares at $79.97, the Sr.V.P. Sales & Marketing now owns 54,354 shares.

Before that, STEVEN TIDWELL bought 55,000 shares. Service Corp. International shares valued at $4,398,218 were divested by the Officer at a price of $79.97 per share.

UBS initiated its Service Corp. International [SCI] rating to a Buy in a research note published on November 30, 2023; the price target was $72. A number of analysts have revised their coverage, including Truist’s analysts, who began to cover the stock in early October with a ‘”a Buy”‘ rating. Raymond James also remained covering SCI and has decreased its forecast on February 20, 2019 with a “an Outperform” recommendation from previously “Strong buy” rating.

Price Performance Review of SCI

On Monday, Service Corp. International [NYSE:SCI] saw its stock jump 0.67% to $82.17. Over the last five days, the stock has gained 7.79%. Service Corp. International shares have risen nearly 20.04% since the year began. Nevertheless, the stocks have risen 35.17% over the past one year. While a 52-week high of $83.24 was reached on 11/04/24, a 52-week low of $56.38 was recorded on 02/06/24. SMA at 50 days reached $77.73, while 200 days put it at $73.37.

Levels Of Support And Resistance For SCI Stock

The 24-hour chart illustrates a support level at 81.31, which if violated will result in even more drops to 80.45. On the upside, there is a resistance level at 83.14. A further resistance level may holdings at 84.12. The Relative Strength Index (RSI) on the 14-day chart is 71.71, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.58, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 13.10%. Stochastics %K at 87.75% indicates the stock is a selling.

How much short interest is there in Service Corp. International?

A steep rise in short interest was recorded in Service Corp. International stocks on 2024-10-15, dropping by -1.26 million shares to a total of 8.1 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 9.36 million shares. There was a decline of -15.57%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on August 02, 2016 when Wells Fargo began covering the stock and recommended ‘”a Market perform”‘ rating .

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