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Service Corp. International [NYSE: SCI] Sees Increase in Stock Value

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Service Corp. International shares valued at $287,391 were sold by WALTRIP W BLAIR on Dec 12 ’24. At $86.20 per share, WALTRIP W BLAIR sold 3,334 shares. The insider’s holdings dropped to 43,333 shares worth approximately $3.58 million following the completion of this transaction.

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Also, WALTRIP W BLAIR purchased 3,334 shares, netting a total of over 285,890 in proceeds.

Before that, Moore Tammy R had sold 14,800 shares from its account. In a trade valued at $1,311,028, the VP, Chief Accounting Officer traded Service Corp. International shares for $88.58 each. Upon closing the transaction, the insider’s holdings decreased to 14,800 shares, worth approximately $2.13 million.

As published in their initiating research note from UBS on November 30, 2023, Service Corp. International [SCI] has been a Buy and the price target has been revised to $72. Analysts at Truist started covering the stock with ‘”a Buy”‘ outlook in a report released in early October. As of February 20, 2019, Raymond James has decreased its “Strong buy” rating to a “an Outperform” for SCI.

Analyzing SCI Stock Performance

During the last five days, there has been a drop of approximately -4.30%. Over the course of the year, Service Corp. International shares have jumped approximately 20.56%. Shares of the company reached a 52-week high of $89.37 on 11/29/24 and a 52-week low of $64.10 on 02/06/24. A 50-day SMA is recorded $82.80, while a 200-day SMA reached $75.94. Nevertheless, trading volume fell to 0.67 million shares from 1.04 million shares the previous day.

Support And Resistance Levels for Service Corp. International (SCI)

According to the 24-hour chart, there is a support level at 81.98, which, if violated, would cause prices to drop to 81.45. In the upper region, resistance lies at 83.20. The next price resistance is at 83.89. RSI (Relative Strength Index) is 35.65 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.63, which suggests the price will decrease in the coming days. Percent R is at 94.25%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

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