Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. SolarWinds Corp shares valued at $2,736,000 were sold by Ramakrishna Sudhakar on Nov 07 ’24. At $13.68 per share, Ramakrishna Sudhakar sold 200,000 shares. The insider’s holdings dropped to 2,212,171 shares worth approximately $32.08 million following the completion of this transaction.
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Also, BOCK WILLIAM G sold 16,000 shares, netting a total of over 210,080 in proceeds. Following the sale of shares at $13.13 each, the insider now holds 88,857 shares.
Before that, Sudhakar Ramakrishna had added 200,000 shares to its account. In a trade valued at $2,798,000, the Officer bought SolarWinds Corp shares for $13.99 each.
As published in their initiating research note from Scotiabank on September 13, 2024, SolarWinds Corp [SWI] has been a Sector perform. As of February 01, 2024, JP Morgan has initiated its “Neutral” rating for SWI. Earlier on December 14, 2021, JP Morgan downgraded its rating. Their new recommendation was “a Neutral” for SWI stock which previously was a “an Overweight”.
Analyzing SWI Stock Performance
During the last five days, there has been a surge of approximately 8.86%. Over the course of the year, SolarWinds Corp shares have jumped approximately 26.01%. Shares of the company reached a 52-week high of $14.53 on 12/04/24 and a 52-week low of $10.14 on 08/05/24. A 50-day SMA is recorded $13.08, while a 200-day SMA reached $12.23. Nevertheless, trading volume fell to 0.96 million shares from 0.31 million shares the previous day.
Support And Resistance Levels for SolarWinds Corp (SWI)
According to the 24-hour chart, there is a support level at 13.93, which, if violated, would cause prices to drop to 13.36. In the upper region, resistance lies at 14.80. The next price resistance is at 15.10. RSI (Relative Strength Index) is 72.45 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.58, which suggests the price will decrease in the coming days. Percent R is at 1.66%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
