Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Simulations Plus Inc shares valued at $553,200 were sold by WOLTOSZ WALTER S on Nov 01 ’24. At $27.66 per share, WOLTOSZ WALTER S sold 20,000 shares. The insider’s holdings dropped to 3,462,584 shares worth approximately $110.18 million following the completion of this transaction.
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Also, WOLTOSZ WALTER S sold 20,000 shares, netting a total of over 625,200 in proceeds. Following the sale of shares at $31.26 each, the insider now holds 3,481,592 shares.
Before that, WEINER DANIEL L had sold 750 shares from its account. In a trade valued at $23,655, the Director traded Simulations Plus Inc shares for $31.54 each. Upon closing the transaction, the insider’s holdings decreased to 750 shares, worth approximately $0.22 million.
As published in their initiating research note from Stephens on November 15, 2024, Simulations Plus Inc [SLP] has been an Overweight and the price target has been revised to $39. Analysts at KeyBanc Capital Markets started covering the stock with ‘”an Overweight”‘ outlook in a report released in late July. As of July 16, 2024, JMP Securities has initiated its “Mkt perform” rating for SLP. Earlier on June 28, 2024, William Blair initiated its rating. Their recommendation was “an Outperform” for SLP stock.
Analyzing SLP Stock Performance
During the last five days, there has been a surge of approximately 15.37%. Over the course of the year, Simulations Plus Inc shares have dropped approximately -28.89%. Shares of the company reached a 52-week high of $51.22 on 05/15/24 and a 52-week low of $27.07 on 11/20/24. A 50-day SMA is recorded $30.81, while a 200-day SMA reached $39.71. Nevertheless, trading volume fell to 0.26 million shares from 0.27 million shares the previous day.
Support And Resistance Levels for Simulations Plus Inc (SLP)
According to the 24-hour chart, there is a support level at 31.44, which, if violated, would cause prices to drop to 31.05. In the upper region, resistance lies at 32.39. The next price resistance is at 32.95. RSI (Relative Strength Index) is 55.40 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.66, which suggests the price will increase in the coming days. Percent R is at 28.98%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
