Scholar Rock Holding Corp’s filing revealed that its CHIEF MEDICAL OFFICER Marantz Jing L. unloaded Company’s shares for reported $63158.0 on Nov 11 ’24. In the deal valued at $30.00 per share,2,105 shares were sold. As a result of this transaction, Marantz Jing L. now holds 72,855 shares worth roughly $1.93 million.
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Then, Myles Edward H sold 37,187 shares, generating $1,297,659 in total proceeds. Upon selling the shares at $34.90, the COO & CFO now owns 161,088 shares.
Before that, Myles Edward H sold 206,240 shares. Scholar Rock Holding Corp shares valued at $5,477,546 were divested by the COO & CFO at a price of $26.56 per share. As a result of the transaction, Myles Edward H now holds 161,088 shares, worth roughly $4.27 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 Friday, Scholar Rock Holding Corp [NASDAQ:SRRK] saw its stock fall -3.67% to $26.49. Over the last five days, the stock has lost -8.91%. Scholar Rock Holding Corp shares have risen nearly 40.90% since the year began. Nevertheless, the stocks have risen 122.98% 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 $20.61, while 200 days put it at $14.21.
Levels Of Support And Resistance For SRRK Stock
The 24-hour chart illustrates a support level at 25.96, which if violated will result in even more drops to 25.44. On the upside, there is a resistance level at 27.41. A further resistance level may holdings at 28.33. The Relative Strength Index (RSI) on the 14-day chart is 50.87, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.30, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.29%. Stochastics %K at 23.48% 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 2024-10-31, dropping by -1.21 million shares to a total of 15.31 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 16.52 million shares. There was a decline of -7.89%, which implies that there is a negative sentiment for the stock.
