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Potential Price Increase for SunCoke Energy Inc (SXC) After Recent Insider Activity

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SunCoke Energy Inc’s recently made public that its Former Officer & Former Direct Rippey Michael G acquired Company’s shares for reported $1.03 million on Jul 31 ’24. In the deal valued at $11.62 per share,89,000 shares were bought.

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Then, Quanci John F sold 4,532 shares, generating $48,356 in total proceeds. Upon selling the shares at $10.67, the Chief Technology Officer now owns 19,922 shares.

Before that, Mikhalevsky Andrei Alexander bought 2,000 shares. SunCoke Energy Inc shares valued at $20,760 were divested by the Director at a price of $10.38 per share. As a result of the transaction, Mikhalevsky Andrei Alexander now holds 2,000 shares, worth roughly $22020.0.

B. Riley Securities downgraded its SunCoke Energy Inc [SXC] rating to a Neutral from a a Buy in a research note published on August 03, 2023; the price target was decreased to $11 from $12. A number of analysts have revised their coverage, including The Benchmark Company’s analysts, who began to cover the stock in early February with a ‘”a Hold”‘ rating. B. Riley FBR also remained covering SXC and has increased its forecast on December 05, 2019 with a “Buy” recommendation from previously “Neutral” rating. B. Riley FBR revised its rating on September 30, 2019. It rated SXC as “a Neutral” which previously was an “a Buy”.

Price Performance Review of SXC

On Tuesday, SunCoke Energy Inc [NYSE:SXC] saw its stock jump 4.96% to $11.01. Over the last five days, the stock has gained 27.73%. SunCoke Energy Inc shares have risen nearly 2.51% since the year began. Nevertheless, the stocks have risen 20.07% over the past one year. While a 52-week high of $11.85 was reached on 07/31/24, a 52-week low of $7.47 was recorded on 09/11/24. SMA at 50 days reached $8.59, while 200 days put it at $9.92.

Levels Of Support And Resistance For SXC Stock

The 24-hour chart illustrates a support level at 10.53, which if violated will result in even more drops to 10.06. On the upside, there is a resistance level at 11.27. A further resistance level may holdings at 11.54. The Relative Strength Index (RSI) on the 14-day chart is 77.65, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.34, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 1.81%. Stochastics %K at 88.42% indicates the stock is a selling.

How much short interest is there in SunCoke Energy Inc?

A steep rise in short interest was recorded in SunCoke Energy Inc stocks on 2024-10-15, dropping by -2.9 million shares to a total of 2.69 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 5.59 million shares. There was a decline of -107.54%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on April 03, 2018 when Seaport Global Securities began covering the stock and recommended ‘”a Buy”‘ rating along with a $13 price target.

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