Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Stepan Co shares valued at $98,090 were purchased by Behrens Scott R. on Nov 25 ’24. At $77.48 per share, Behrens Scott R. acquired 1,266 shares.
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Also, Behrens Scott R. purchased 1,250 shares, netting a total of over 95,371 in proceeds.
Before that, Behrens Scott R. had added 250 shares to its account. In a trade valued at $19,419, the Former Officer and Director bought Stepan Co shares for $77.68 each.
As published in a research note from CL King on October 19, 2023, Stepan Co [SCL] has been rated up from a Neutral to a Buy and the price target has been revised to $89. Analysts at Seaport Global Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid January. As of April 02, 2020, Seaport Global Securities has increased its “Neutral” rating to a “Buy” for SCL. Earlier on March 18, 2020, CL King initiated its rating. Their recommendation was “a Neutral” for SCL stock.
Analyzing SCL Stock Performance
During the last five days, there has been a surge of approximately 0.98%. Over the course of the year, Stepan Co shares have dropped approximately -19.52%. Shares of the company reached a 52-week high of $95.33 on 01/23/24 and a 52-week low of $69.78 on 09/11/24. A 50-day SMA is recorded $75.66, while a 200-day SMA reached $81.89. Nevertheless, trading volume fell to 0.16 million shares from 0.25 million shares the previous day.
Support And Resistance Levels for Stepan Co (SCL)
According to the 24-hour chart, there is a support level at 75.34, which, if violated, would cause prices to drop to 74.60. In the upper region, resistance lies at 76.82. The next price resistance is at 77.56. RSI (Relative Strength Index) is 50.69 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.11, which suggests the price will decrease in the coming days. Percent R is at 58.94%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
