Sotera Health Co’s recent filing unveils that its Director WARBURG PINCUS & CO. unloaded Company’s shares for reported $225.45 million on Sep 06 ’24. In the deal valued at $15.03 per share,15,000,000 shares were sold. As a result of this transaction, WARBURG PINCUS & CO. now holds 73,822,952 shares worth roughly $946.41 million.
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Then, WARBURG PINCUS & CO. sold 15,000,000 shares, generating $225,450,000 in total proceeds. Upon selling the shares at $15.03, the Director now owns 73,822,952 shares.
Before that, GTCR INVESTMENT XI LLC sold 10,000,000 shares. Sotera Health Co shares valued at $150,300,000 were divested by the Director at a price of $15.03 per share. As a result of the transaction, GTCR INVESTMENT XI LLC now holds 49,215,301 shares, worth roughly $630.94 million.
Piper Sandler initiated its Sotera Health Co [SHC] rating to a Neutral in a research note published on May 21, 2024; the price target was $13. A number of analysts have revised their coverage, including Citigroup’s analysts, who increased its forecast for the stock in early April from “a Neutral” to “a Buy”. Jefferies also remained covering SHC and has increased its forecast on March 25, 2024 with a “Buy” recommendation from previously “Hold” rating.
Price Performance Review of SHC
On Friday, Sotera Health Co [NASDAQ:SHC] saw its stock jump 3.30% to $12.82. Over the last five days, the stock has lost -10.41%. Sotera Health Co shares have fallen nearly -23.92% since the year began. Nevertheless, the stocks have fallen -6.63% over the past one year. While a 52-week high of $17.44 was reached on 02/27/24, a 52-week low of $10.71 was recorded on 04/18/24. SMA at 50 days reached $15.61, while 200 days put it at $13.72.
Levels Of Support And Resistance For SHC Stock
The 24-hour chart illustrates a support level at 12.49, which if violated will result in even more drops to 12.16. On the upside, there is a resistance level at 13.06. A further resistance level may holdings at 13.30. The Relative Strength Index (RSI) on the 14-day chart is 27.00, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.86, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.61%. Stochastics %K at 10.02% indicates the stock is a buying.
How much short interest is there in Sotera Health Co?
A steep rise in short interest was recorded in Sotera Health Co stocks on 2024-10-31, dropping by -2.73 million shares to a total of 8.98 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 11.7 million shares. There was a decline of -30.4%, which implies that there is a negative sentiment for the stock.
