In a filing, Scholar Rock Holding Corp revealed its 10% Owner Invus Public Equities, L.P. unloaded Company’s shares for reported $15.76 million on Nov 25 ’24. In the deal valued at $38.49 per share,409,433 shares were sold. As a result of this transaction, Invus Public Equities, L.P. now holds 10,850,005 shares worth roughly $411.87 million.
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Then, Marantz Jing L. sold 6,375 shares, generating $251,399 in total proceeds. Upon selling the shares at $39.44, the CHIEF MEDICAL OFFICER now owns 72,855 shares.
Before that, Marantz Jing L. sold 2,145 shares. Scholar Rock Holding Corp shares valued at $64,372 were divested by the CHIEF MEDICAL OFFICER at a price of $30.01 per share. As a result of the transaction, Marantz Jing L. now holds 72,855 shares, worth roughly $2.77 million.
H.C. Wainwright reiterated its Scholar Rock Holding Corp [SRRK] rating to a Buy in a research note published on November 26, 2024; the price target was $50. A number of analysts have revised their coverage, including H.C. Wainwright’s analysts, who remained covering the stock and in early October has reiterated a ‘”a Buy”‘ rating for it. Raymond James began covering SRRK with “Strong buy” recommendation on March 28, 2024. Jefferies revised its rating on October 25, 2023. It rated SRRK as “a Buy” which previously was an “a Hold”.
Price Performance Review of SRRK
On Monday, Scholar Rock Holding Corp [NASDAQ:SRRK] saw its stock fall -4.86% to $37.96. Over the last five days, the stock has gained 26.87%. Scholar Rock Holding Corp shares have risen nearly 101.91% since the year began. Nevertheless, the stocks have risen 201.51% over the past one year. While a 52-week high of $43.38 was reached on 11/25/24, a 52-week low of $6.76 was recorded on 10/03/24. SMA at 50 days reached $25.49, while 200 days put it at $15.08.
Levels Of Support And Resistance For SRRK Stock
The 24-hour chart illustrates a support level at 36.96, which if violated will result in even more drops to 35.96. On the upside, there is a resistance level at 39.80. A further resistance level may holdings at 41.64. The Relative Strength Index (RSI) on the 14-day chart is 69.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 7.42, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 30.74%. Stochastics %K at 73.28% indicates the stock is a holding.
How much short interest is there in Scholar Rock Holding Corp?
A steep rise in short interest was recorded in Scholar Rock Holding Corp stocks on 2024-11-15, growing by 0.22 million shares to a total of 15.14 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 14.93 million shares. There was a rise of 1.43%, which implies that there is a positive sentiment for the stock.
