Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. SecureWorks Corp shares valued at $53,778 were purchased by Gagnon Neil on Jun 03 ’24. At $5.85 per share, Gagnon Neil acquired 9,191 shares. The insider’s holdings grew to 628,058 shares worth approximately $5.26 million following the completion of this transaction.
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Also, Gagnon Neil purchased 340 shares, netting a total of over 1,989 in proceeds. Following the buying of shares at $5.85 each, the insider now holds 34,919 shares.
Before that, Gagnon Neil had added 13,798 shares to its account. In a trade valued at $82,585, the 10% Owner bought SecureWorks Corp shares for $5.99 each. Upon closing the transaction, the insider’s holdings increased to 13,798 shares, worth approximately $5.12 million.
As published in a research note from Goldman on January 08, 2021, SecureWorks Corp [SCWX] has been rated down from a Neutral to a Sell and the price target has been revised to $14. Analysts at JP Morgan downgraded the stock from ‘”a Neutral”‘ to ‘”an Underweight”‘ outlook in a report released in early December. As of March 20, 2020, Goldman has increased its “Sell” rating to a “Neutral” for SCWX. Earlier on November 12, 2019, Goldman initiated its rating. Their recommendation was “a Sell” for SCWX stock.
Analyzing SCWX Stock Performance
During the last five days, there has been a surge of approximately 0.12%. Over the course of the year, SecureWorks Corp shares have jumped approximately 13.55%. Shares of the company reached a 52-week high of $9.76 on 08/29/24 and a 52-week low of $5.61 on 04/22/24. A 50-day SMA is recorded $8.22, while a 200-day SMA reached $7.09. Nevertheless, trading volume fell to 0.48 million shares from 0.52 million shares the previous day.
Support And Resistance Levels for SecureWorks Corp (SCWX)
According to the 24-hour chart, there is a support level at 8.37, which, if violated, would cause prices to drop to 8.37. In the upper region, resistance lies at 8.39. The next price resistance is at 8.41. RSI (Relative Strength Index) is 55.22 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.01, which suggests the price will decrease in the coming days. Percent R is at 40.00%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
