Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Schrodinger Inc shares valued at $27,226 were sold by Dugan Margaret on Oct 15 ’24. At $17.78 per share, Dugan Margaret sold 1,531 shares. The insider’s holdings dropped to 13,469 shares worth approximately $0.27 million following the completion of this transaction.
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Also, Dugan Margaret purchased 1,531 shares, netting a total of over 27,226 in proceeds.
Before that, Porges Geoffrey Craig had sold 3,315 shares from its account. In a trade valued at $87,360, the EVP & CFO traded Schrodinger Inc shares for $26.35 each. Upon closing the transaction, the insider’s holdings decreased to 3,315 shares, worth approximately $0.11 million.
As published in their initiating research note from Leerink Partners on July 02, 2024, Schrodinger Inc [SDGR] has been an Outperform and the price target has been revised to $29. Analysts at KeyBanc Capital Markets started covering the stock with ‘”an Overweight”‘ outlook in a report released in early December. Earlier on December 19, 2022, Goldman initiated its rating. Their recommendation was “a Neutral” for SDGR stock.
Analyzing SDGR Stock Performance
During the last five days, there has been a drop of approximately -9.28%. Over the course of the year, Schrodinger Inc shares have dropped approximately -44.86%. Shares of the company reached a 52-week high of $36.13 on 01/02/24 and a 52-week low of $16.67 on 10/08/24. A 50-day SMA is recorded $19.64, while a 200-day SMA reached $21.50. Nevertheless, trading volume fell to 1.22 million shares from 0.5 million shares the previous day.
Support And Resistance Levels for Schrodinger Inc (SDGR)
According to the 24-hour chart, there is a support level at 18.67, which, if violated, would cause prices to drop to 17.60. In the upper region, resistance lies at 21.54. The next price resistance is at 23.34. RSI (Relative Strength Index) is 44.03 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.65, which suggests the price will decrease in the coming days. Percent R is at 90.09%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
