The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Service Corp. International shares valued at $1,311,028 were sold by Moore Tammy R on Nov 25 ’24. At $88.58 per share, Moore Tammy R sold 14,800 shares. The insider’s holdings dropped to 25,815 shares worth approximately $2.29 million following the completion of this transaction.
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Also, TAMMY MOORE purchased 14,800 shares, netting a total of over 1,311,027 in proceeds.
Before that, COELHO TONY had sold 2,555 shares from its account. In a trade valued at $218,800, the Director traded Service Corp. International shares for $85.64 each. Upon closing the transaction, the insider’s holdings decreased to 2,555 shares, worth approximately $4.72 million.
As published in their initiating research note from UBS on November 30, 2023, Service Corp. International [SCI] has been a Buy and the price target has been revised to $72. Analysts at Truist started covering the stock with ‘”a Buy”‘ outlook in a report released in early October. As of February 20, 2019, Raymond James has decreased its “Strong buy” rating to a “an Outperform” for SCI.
Analyzing SCI Stock Performance
During the last five days, there has been a surge of approximately 3.72%. Over the course of the year, Service Corp. International shares have jumped approximately 29.44%. Shares of the company reached a 52-week high of $89.31 on 11/25/24 and a 52-week low of $64.10 on 02/06/24. A 50-day SMA is recorded $80.24, while a 200-day SMA reached $74.91. Nevertheless, trading volume fell to 0.52 million shares from 1.18 million shares the previous day.
Support And Resistance Levels for Service Corp. International (SCI)
According to the 24-hour chart, there is a support level at 88.31, which, if violated, would cause prices to drop to 88.01. In the upper region, resistance lies at 89.05. The next price resistance is at 89.49. RSI (Relative Strength Index) is 71.13 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.12, which suggests the price will increase in the coming days. Percent R is at 11.47%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
