The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. SEI Investments Co shares valued at $1,568,135 were sold by WEST ALFRED P JR on Dec 04 ’24. At $82.49 per share, WEST ALFRED P JR sold 19,010 shares. The insider’s holdings dropped to 7,377,506 shares worth approximately $632.55 million following the completion of this transaction.
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Also, WEST ALFRED P JR sold 5,984 shares, netting a total of over 504,032 in proceeds. Following the sale of shares at $84.23 each, the insider now holds 7,371,522 shares.
Before that, WEST ALFRED P JR had added 5,984 shares to its account. In a trade valued at $504,033, the Officer bought SEI Investments Co shares for $84.23 each.
As published in their initiating research note from Piper Sandler on March 29, 2023, SEI Investments Co [SEIC] has been a Neutral and the price target has been revised to $60. As of July 12, 2022, Morgan Stanley has decreased its “an Equal-weight” rating to a “an Underweight” for SEIC. Earlier on March 28, 2022, Goldman downgraded its rating. Their new recommendation was “a Neutral” for SEIC stock which previously was a “a Buy”.
Analyzing SEIC Stock Performance
During the last five days, there has been a surge of approximately 3.39%. Over the course of the year, SEI Investments Co shares have jumped approximately 34.92%. Shares of the company reached a 52-week high of $86.67 on 12/11/24 and a 52-week low of $61.58 on 01/04/24. A 50-day SMA is recorded $77.23, while a 200-day SMA reached $69.82. Nevertheless, trading volume fell to 0.73 million shares from 0.75 million shares the previous day.
Support And Resistance Levels for SEI Investments Co (SEIC)
According to the 24-hour chart, there is a support level at 85.34, which, if violated, would cause prices to drop to 84.93. In the upper region, resistance lies at 86.41. The next price resistance is at 87.07. RSI (Relative Strength Index) is 77.88 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.32, which suggests the price will increase in the coming days. Percent R is at 12.97%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
