Clarivate Plc’s recently made public that its Director Angelakis Michael J acquired Company’s shares for reported $7.67 million on Nov 20 ’24. In the deal valued at $5.11 per share,1,500,000 shares were bought. As a result of this transaction, Angelakis Michael J now holds 1,500,000 shares worth roughly $8.73 million.
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Then, Angelakis Michael J bought 1,200,000 shares, generating $6,228,000 in total proceeds. Upon buying the shares at $5.19, the Director now owns 2,700,000 shares.
Before that, Angelakis Michael J bought 765,000 shares. Clarivate Plc shares valued at $3,970,350 were divested by the Director at a price of $5.19 per share. As a result of the transaction, Angelakis Michael J now holds 3,465,000 shares, worth roughly $20.17 million.
William Blair downgraded its Clarivate Plc [CLVT] rating to a Mkt perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in mid December from “an Equal weight” to “an Underweight”. Jefferies also remained covering CLVT and has increased its forecast on October 16, 2023 with a “Buy” recommendation from previously “Hold” rating. Barclays revised its rating on September 08, 2023. It rated CLVT as “an Underweight” which previously was an “an Equal weight”.
Price Performance Review of CLVT
On Monday, Clarivate Plc [NYSE:CLVT] saw its stock jump 1.57% to $5.82. Over the last five days, the stock has gained 10.86%. Clarivate Plc shares have fallen nearly -37.15% since the year began. Nevertheless, the stocks have fallen -25.00% over the past one year. While a 52-week high of $9.60 was reached on 02/12/24, a 52-week low of $4.25 was recorded on 11/18/24. SMA at 50 days reached $6.08, while 200 days put it at $6.46.
Levels Of Support And Resistance For CLVT Stock
The 24-hour chart illustrates a support level at 5.72, which if violated will result in even more drops to 5.62. On the upside, there is a resistance level at 5.90. A further resistance level may holdings at 5.98. The Relative Strength Index (RSI) on the 14-day chart is 55.65, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.64, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 3.68%. Stochastics %K at 95.00% indicates the stock is a selling.
How much short interest is there in Clarivate Plc?
A steep rise in short interest was recorded in Clarivate Plc stocks on 2024-11-15, growing by 4.0 million shares to a total of 35.93 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 31.94 million shares. There was a rise of 11.12%, which implies that there is a positive sentiment for the stock.
