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Checking in on CCC Intelligent Solutions Holdings Inc (CCCS) after recent insiders movement

CCC Intelligent Solutions Holdings Inc’s recent filing unveils that its Chief Accounting Officer Christo Rodney unloaded Company’s shares for reported $0.81 million on Nov 22 ’24. In the deal valued at $12.52 per share,65,084 shares were sold. As a result of this transaction, Christo Rodney now holds 0 shares worth roughly $0.0.

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Then, Christo Rodney sold 9,916 shares, generating $125,627 in total proceeds. Upon selling the shares at $12.67, the Chief Accounting Officer now owns 0 shares.

Before that, PRIGGE MARY JO sold 80,724 shares. CCC Intelligent Solutions Holdings Inc shares valued at $1,010,479 were divested by the insider at a price of $12.52 per share. As a result of the transaction, PRIGGE MARY JO now holds 97,268 shares, worth roughly $1.23 million.

Morgan Stanley upgraded its CCC Intelligent Solutions Holdings Inc [CCCS] rating to an Overweight from a an Equal-weight in a research note published on November 13, 2024; the price target was increased to $15 from $14. Morgan Stanley started covering the stock on December 12, 2023. It rated CCCS as “an Equal-weight”.

Price Performance Review of CCCS

On Monday, CCC Intelligent Solutions Holdings Inc [NASDAQ:CCCS] saw its stock jump 0.40% to $12.65. Over the last five days, the stock has gained 1.44%. CCC Intelligent Solutions Holdings Inc shares have risen nearly 11.06% since the year began. Nevertheless, the stocks have risen 8.30% over the past one year. While a 52-week high of $12.83 was reached on 11/25/24, a 52-week low of $9.79 was recorded on 08/05/24. SMA at 50 days reached $11.28, while 200 days put it at $11.24.

Levels Of Support And Resistance For CCCS Stock

The 24-hour chart illustrates a support level at 12.52, which if violated will result in even more drops to 12.39. On the upside, there is a resistance level at 12.74. A further resistance level may holdings at 12.82. The Relative Strength Index (RSI) on the 14-day chart is 74.86, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.47, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 11.76%. Stochastics %K at 86.35% indicates the stock is a selling.

How much short interest is there in CCC Intelligent Solutions Holdings Inc?

A steep rise in short interest was recorded in CCC Intelligent Solutions Holdings Inc stocks on 2024-11-15, growing by 2.82 million shares to a total of 17.12 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 14.3 million shares. There was a rise of 16.46%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on September 22, 2023 when Stifel began covering the stock and recommended ‘”a Buy”‘ rating along with a $14 price target.

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