Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Scholar Rock Holding Corp shares valued at $15,757,639 were sold by Invus Public Equities, L.P. on Nov 25 ’24. At $38.49 per share, Invus Public Equities, L.P. sold 409,433 shares. The insider’s holdings dropped to 10,850,005 shares worth approximately $413.93 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Marantz Jing L. sold 6,375 shares, netting a total of over 251,399 in proceeds. Following the sale of shares at $39.44 each, the insider now holds 72,855 shares.
Before that, Marantz Jing L. had sold 2,145 shares from its account. In a trade valued at $64,372, the CHIEF MEDICAL OFFICER traded Scholar Rock Holding Corp shares for $30.01 each. Upon closing the transaction, the insider’s holdings decreased to 2,145 shares, worth approximately $2.78 million.
As published in a research note from H.C. Wainwright on November 26, 2024, Scholar Rock Holding Corp [SRRK] has been retained to a Buy and the price target has been revised to $50. Analysts at H.C. Wainwright resumed the stock at ‘”a Buy”‘ outlook in a report released in early October. As of March 28, 2024, Raymond James has initiated its “Strong buy” rating for SRRK. Earlier on October 25, 2023, Jefferies upgraded its rating. Their new recommendation was “a Buy” for SRRK stock which previously was a “a Hold”.
Analyzing SRRK Stock Performance
During the last five days, there has been a surge of approximately 36.93%. Over the course of the year, Scholar Rock Holding Corp shares have jumped approximately 102.93%. Shares of the company reached a 52-week high of $43.38 on 11/25/24 and a 52-week low of $6.76 on 10/03/24. A 50-day SMA is recorded $24.29, while a 200-day SMA reached $14.84. Nevertheless, trading volume fell to 0.76 million shares from 6.59 million shares the previous day.
Support And Resistance Levels for Scholar Rock Holding Corp (SRRK)
According to the 24-hour chart, there is a support level at 36.89, which, if violated, would cause prices to drop to 35.64. In the upper region, resistance lies at 39.15. The next price resistance is at 40.16. RSI (Relative Strength Index) is 74.08 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 7.87, which suggests the price will increase in the coming days. Percent R is at 29.67%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
