In a filing, SolarWinds Corp revealed its CEO & President Ramakrishna Sudhakar unloaded Company’s shares for reported $2.74 million on Nov 07 ’24. In the deal valued at $13.68 per share,200,000 shares were sold. As a result of this transaction, Ramakrishna Sudhakar now holds 2,212,171 shares worth roughly $29.82 million.
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Then, BOCK WILLIAM G sold 16,000 shares, generating $210,080 in total proceeds. Upon selling the shares at $13.13, the Director now owns 88,857 shares.
Before that, Sudhakar Ramakrishna bought 200,000 shares. SolarWinds Corp shares valued at $2,798,000 were divested by the Officer at a price of $13.99 per share.
Scotiabank initiated its SolarWinds Corp [SWI] rating to a Sector perform in a research note published recently. JP Morgan began covering SWI with “Neutral” recommendation on February 01, 2024. JP Morgan revised its rating on December 14, 2021. It rated SWI as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of SWI
On Tuesday, SolarWinds Corp [NYSE:SWI] saw its stock jump 0.07% to $13.48. Over the last five days, the stock has gained 0.52%. SolarWinds Corp shares have risen nearly 17.14% since the year began. Nevertheless, the stocks have risen 28.46% over the past one year. While a 52-week high of $14.02 was reached on 11/06/24, a 52-week low of $10.14 was recorded on 08/05/24. SMA at 50 days reached $12.84, while 200 days put it at $12.17.
Levels Of Support And Resistance For SWI Stock
The 24-hour chart illustrates a support level at 13.14, which if violated will result in even more drops to 12.81. On the upside, there is a resistance level at 13.67. A further resistance level may holdings at 13.86. The Relative Strength Index (RSI) on the 14-day chart is 58.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.41, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 31.59%. Stochastics %K at 70.14% indicates the stock is a holding.
How much short interest is there in SolarWinds Corp?
A steep rise in short interest was recorded in SolarWinds Corp stocks on 2024-10-31, dropping by -0.67 million shares to a total of 1.93 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 2.6 million shares. There was a decline of -34.94%, which implies that there is a negative sentiment for the stock.
