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 $2.18 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 $4.82 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 jump 12.19% to $29.92. Over the last five days, the stock has gained 12.95%. Scholar Rock Holding Corp shares have risen nearly 59.15% since the year began. Nevertheless, the stocks have risen 164.08% 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 $22.52, while 200 days put it at $14.51.
Levels Of Support And Resistance For SRRK Stock
The 24-hour chart illustrates a support level at 27.51, which if violated will result in even more drops to 25.10. On the upside, there is a resistance level at 31.21. A further resistance level may holdings at 32.50. The Relative Strength Index (RSI) on the 14-day chart is 61.20, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.21, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 20.04%. Stochastics %K at 46.02% 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.
