In a filing, CCC Intelligent Solutions Holdings Inc revealed its Director De Crescenzo Neil E. acquired Company’s shares for reported $1.22 million on Dec 20 ’24. In the deal valued at $12.16 per share,100,000 shares were bought. As a result of this transaction, De Crescenzo Neil E. now holds 100,000 shares worth roughly $1.19 million.
Then, Williams Teri sold 20,000 shares, generating $244,358 in total proceeds. Upon selling the shares at $12.22, the Director now owns 54,135 shares.
Before that, Williams Teri bought 20,000 shares. CCC Intelligent Solutions Holdings Inc shares valued at $244,357 were divested by the Director at a price of $12.22 per share.
Morgan Stanley upgraded its CCC Intelligent Solutions Holdings Inc [CCCS] rating to an Overweight from a an Equal-weight in a research note published on November 13, 2024; the price target was increased to $15 from $14. Morgan Stanley started covering the stock on December 12, 2023. It rated CCCS as “an Equal-weight”.
Price Performance Review of CCCS
On Monday, CCC Intelligent Solutions Holdings Inc [NASDAQ:CCCS] saw its stock fall -1.41% to $11.88. Over the last five days, the stock has lost -2.78%. CCC Intelligent Solutions Holdings Inc shares have risen nearly 4.30% since the year began. Nevertheless, the stocks have risen 5.13% over the past one year. While a 52-week high of $12.88 was reached on 12/05/24, a 52-week low of $9.79 was recorded on 08/05/24. SMA at 50 days reached $11.71, while 200 days put it at $11.29.
Levels Of Support And Resistance For CCCS Stock
The 24-hour chart illustrates a support level at 11.75, which if violated will result in even more drops to 11.61. On the upside, there is a resistance level at 12.04. A further resistance level may holdings at 12.19. The Relative Strength Index (RSI) on the 14-day chart is 45.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.35, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.03%. Stochastics %K at 18.21% indicates the stock is a buying.
How much short interest is there in CCC Intelligent Solutions Holdings Inc?
A steep rise in short interest was recorded in CCC Intelligent Solutions Holdings Inc stocks on 2024-11-29, growing by 3.39 million shares to a total of 19.53 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 16.14 million shares. There was a rise of 17.35%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on September 22, 2023 when Stifel began covering the stock and recommended ‘”a Buy”‘ rating along with a $14 price target.
