Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. CCC Intelligent Solutions Holdings Inc shares valued at $1,171,516 were purchased by PRIGGE MARY JO on Nov 20 ’24. At $12.01 per share, PRIGGE MARY JO acquired 97,511 shares.
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Also, Christo Rodney sold 75,000 shares, netting a total of over 884,985 in proceeds. Following the sale of shares at $11.80 each, the insider now holds 0 shares.
Before that, PRIGGE MARY JO had sold 2,489 shares from its account. In a trade valued at $29,871, the insider traded CCC Intelligent Solutions Holdings Inc shares for $12.00 each. Upon closing the transaction, the insider’s holdings decreased to 2,489 shares, worth approximately $1.17 million.
As published in a research note from Morgan Stanley on November 13, 2024, CCC Intelligent Solutions Holdings Inc [CCCS] has been rated up from an Equal-weight to an Overweight and the price target has been revised to $15 from $14. Earlier on December 12, 2023, Morgan Stanley initiated its rating. Their recommendation was “an Equal-weight” for CCCS stock.
Analyzing CCCS Stock Performance
During the last five days, there has been a surge of approximately 3.44%. Over the course of the year, CCC Intelligent Solutions Holdings Inc shares have jumped approximately 5.53%. Shares of the company reached a 52-week high of $12.68 on 03/08/24 and a 52-week low of $9.79 on 08/05/24. A 50-day SMA is recorded $11.04, while a 200-day SMA reached $11.20. Nevertheless, trading volume fell to 3.5 million shares from 3.2 million shares the previous day.
Support And Resistance Levels for CCC Intelligent Solutions Holdings Inc (CCCS)
According to the 24-hour chart, there is a support level at 11.85, which, if violated, would cause prices to drop to 11.69. In the upper region, resistance lies at 12.11. The next price resistance is at 12.21. RSI (Relative Strength Index) is 70.36 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.41, which suggests the price will decrease in the coming days. Percent R is at 1.14%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
