In a filing, StepStone Group Inc revealed its Officer MICHAEL MCCABE acquired Company’s shares for reported $2.51 million on Dec 03 ’24. In the deal valued at $62.85 per share,40,000 shares were bought.
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Then, THE MCCABE FAMILY TRUST bought 20,000 shares, generating $1,257,000 in total proceeds.
Before that, HART FAMILY TRUST bought 60,000 shares. StepStone Group Inc shares valued at $3,794,640 were divested by the Officer at a price of $63.24 per share.
JP Morgan upgraded its StepStone Group Inc [STEP] rating to an Overweight from a a Neutral in a research note published on April 11, 2024; the price target was increased to $49 from $40. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who began to cover the stock in mid March with a ‘”an Outperform”‘ rating. BofA Securities began covering STEP with “Buy” recommendation on September 07, 2022. Barclays started covering the stock on August 31, 2022. It rated STEP as “an Equal weight”.
Price Performance Review of STEP
On Tuesday, StepStone Group Inc [NASDAQ:STEP] saw its stock fall -3.01% to $62.85. Over the last five days, the stock has lost -5.76%. StepStone Group Inc shares have risen nearly 98.14% since the year began. Nevertheless, the stocks have risen 144.64% over the past one year. While a 52-week high of $70.38 was reached on 11/11/24, a 52-week low of $24.97 was recorded on 01/05/24. SMA at 50 days reached $62.07, while 200 days put it at $47.60.
Levels Of Support And Resistance For STEP Stock
The 24-hour chart illustrates a support level at 62.09, which if violated will result in even more drops to 61.33. On the upside, there is a resistance level at 64.23. A further resistance level may holdings at 65.61. The Relative Strength Index (RSI) on the 14-day chart is 44.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.90, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.81%. Stochastics %K at 17.82% indicates the stock is a buying.
How much short interest is there in StepStone Group Inc?
A steep rise in short interest was recorded in StepStone Group Inc stocks on 2024-11-15, dropping by -0.92 million shares to a total of 1.9 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 2.82 million shares. There was a decline of -48.12%, which implies that there is a negative sentiment for the stock.
