Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Service Corp. International shares valued at $3,125,809 were sold by WARING SUMNER J III on Nov 06 ’24. At $86.59 per share, WARING SUMNER J III sold 36,100 shares. The insider’s holdings dropped to 289,400 shares worth approximately $24.88 million following the completion of this transaction.
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Also, RYAN THOMAS L sold 55,000 shares, netting a total of over 4,585,439 in proceeds. Following the sale of shares at $83.37 each, the insider now holds 982,333 shares.
Before that, RYAN THOMAS L had sold 50,000 shares from its account. In a trade valued at $4,293,798, the President, CEO & Chairman traded Service Corp. International shares for $85.88 each. Upon closing the transaction, the insider’s holdings decreased to 50,000 shares, worth approximately $84.44 million.
As published in their initiating research note from UBS on November 30, 2023, Service Corp. International [SCI] has been a Buy and the price target has been revised to $72. Analysts at Truist started covering the stock with ‘”a Buy”‘ outlook in a report released in early October. As of February 20, 2019, Raymond James has decreased its “Strong buy” rating to a “an Outperform” for SCI.
Analyzing SCI Stock Performance
During the last five days, there has been a surge of approximately 5.28%. Over the course of the year, Service Corp. International shares have jumped approximately 25.58%. Shares of the company reached a 52-week high of $87.03 on 11/06/24 and a 52-week low of $64.10 on 02/06/24. A 50-day SMA is recorded $78.19, while a 200-day SMA reached $73.61. Nevertheless, trading volume fell to 0.86 million shares from 1.29 million shares the previous day.
Support And Resistance Levels for Service Corp. International (SCI)
According to the 24-hour chart, there is a support level at 85.02, which, if violated, would cause prices to drop to 84.08. In the upper region, resistance lies at 86.95. The next price resistance is at 87.94. RSI (Relative Strength Index) is 75.05 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 6.25, which suggests the price will increase in the coming days. Percent R is at 8.85%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
