Scholar Rock Holding Corp’s filing revealed that its 10% Owner Invus Public Equities, L.P. unloaded Company’s shares for reported $66.64 million on Dec 10 ’24. In the deal valued at $41.65 per share,1,600,000 shares were sold. As a result of this transaction, Invus Public Equities, L.P. now holds 9,250,005 shares worth roughly $396.55 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, Invus Public Equities, L.P. sold 409,433 shares, generating $15,757,639 in total proceeds. Upon selling the shares at $38.49, the 10% Owner now owns 10,850,005 shares.
Before that, Marantz Jing L. sold 6,375 shares. Scholar Rock Holding Corp shares valued at $251,399 were divested by the CHIEF MEDICAL OFFICER at a price of $39.44 per share. As a result of the transaction, Marantz Jing L. now holds 72,855 shares, worth roughly $3.12 million.
H.C. Wainwright reiterated its Scholar Rock Holding Corp [SRRK] rating to a Buy in a research note published on November 26, 2024; the price target was $50. A number of analysts have revised their coverage, including H.C. Wainwright’s analysts, who remained covering the stock and in early October has reiterated a ‘”a Buy”‘ rating for it. Raymond James began covering SRRK with “Strong buy” recommendation on March 28, 2024. Jefferies revised its rating on October 25, 2023. It rated SRRK as “a Buy” which previously was an “a Hold”.
Price Performance Review of SRRK
On Monday, Scholar Rock Holding Corp [NASDAQ:SRRK] saw its stock jump 2.12% to $42.87. Over the last five days, the stock has lost -5.74%. Scholar Rock Holding Corp shares have risen nearly 128.03% since the year began. Nevertheless, the stocks have risen 130.98% over the past one year. While a 52-week high of $46.19 was reached on 12/10/24, a 52-week low of $6.76 was recorded on 10/03/24. SMA at 50 days reached $32.34, while 200 days put it at $16.40.
Levels Of Support And Resistance For SRRK Stock
The 24-hour chart illustrates a support level at 41.57, which if violated will result in even more drops to 40.26. On the upside, there is a resistance level at 44.09. A further resistance level may holdings at 45.30. The Relative Strength Index (RSI) on the 14-day chart is 67.58, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.00, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 34.73%. Stochastics %K at 66.10% indicates the stock is a holding.
How much short interest is there in Scholar Rock Holding Corp?
A steep rise in short interest was recorded in Scholar Rock Holding Corp stocks on 2024-11-29, dropping by -0.56 million shares to a total of 14.75 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 15.31 million shares. There was a decline of -3.81%, which implies that there is a negative sentiment for the stock.
