SolarWinds Corp’s recent filing unveils that its CEO & President Ramakrishna Sudhakar unloaded Company’s shares for reported $2.74 million on Nov 07 ’24. In the deal valued at $13.68 per share,200,000 shares were sold. As a result of this transaction, Ramakrishna Sudhakar now holds 2,212,171 shares worth roughly $31.94 million.
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Then, BOCK WILLIAM G sold 16,000 shares, generating $210,080 in total proceeds. Upon selling the shares at $13.13, the Director now owns 88,857 shares.
Before that, Sudhakar Ramakrishna bought 200,000 shares. SolarWinds Corp shares valued at $2,798,000 were divested by the Officer at a price of $13.99 per share.
Wedbush initiated its SolarWinds Corp [SWI] rating to an Outperform in a research note published on December 19, 2024; the price target was $20. A number of analysts have revised their coverage, including Scotiabank’s analysts, who began to cover the stock in mid September with a ‘”a Sector perform”‘ rating. JP Morgan started covering the stock on February 01, 2024. It rated SWI as “a Neutral”.
Price Performance Review of SWI
On Tuesday, SolarWinds Corp [NYSE:SWI] saw its stock jump 0.98% to $14.44. Over the last five days, the stock has gained 0.49%. SolarWinds Corp shares have risen nearly 25.49% since the year began. Nevertheless, the stocks have risen 29.00% over the past one year. While a 52-week high of $14.94 was reached on 12/16/24, a 52-week low of $10.14 was recorded on 08/05/24. SMA at 50 days reached $13.53, while 200 days put it at $12.40.
Levels Of Support And Resistance For SWI Stock
The 24-hour chart illustrates a support level at 14.26, which if violated will result in even more drops to 14.09. On the upside, there is a resistance level at 14.55. A further resistance level may holdings at 14.67. The Relative Strength Index (RSI) on the 14-day chart is 57.27, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 42.37%. Stochastics %K at 57.94% indicates the stock is a holding.
How much short interest is there in SolarWinds Corp?
A steep rise in short interest was recorded in SolarWinds Corp stocks on 2024-11-29, dropping by -0.11 million shares to a total of 1.82 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 1.93 million shares. There was a decline of -5.83%, which implies that there is a negative sentiment for the stock.
