The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Sotera Health Co shares valued at $225,450,000 were sold by WARBURG PINCUS & CO. on Sep 06 ’24. At $15.03 per share, WARBURG PINCUS & CO. sold 15,000,000 shares. The insider’s holdings dropped to 73,822,952 shares worth approximately $997.35 million following the completion of this transaction.
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Also, WARBURG PINCUS & CO. sold 15,000,000 shares, netting a total of over 225,450,000 in proceeds. Following the sale of shares at $15.03 each, the insider now holds 73,822,952 shares.
Before that, GTCR INVESTMENT XI LLC had sold 10,000,000 shares from its account. In a trade valued at $150,300,000, the Director traded Sotera Health Co shares for $15.03 each. Upon closing the transaction, the insider’s holdings decreased to 10,000,000 shares, worth approximately $664.9 million.
As published in their initiating research note from Goldman on December 06, 2024, Sotera Health Co [SHC] has been a Neutral and the price target has been revised to $14. Analysts at Piper Sandler started covering the stock with ‘”a Neutral”‘ outlook in a report released in late May. As of April 03, 2024, Citigroup has increased its “Neutral” rating to a “Buy” for SHC. Earlier on March 25, 2024, Jefferies upgraded its rating. Their new recommendation was “a Buy” for SHC stock which previously was a “a Hold”.
Analyzing SHC Stock Performance
During the last five days, there has been a surge of approximately 2.35%. Over the course of the year, Sotera Health Co shares have dropped approximately -19.82%. Shares of the company reached a 52-week high of $17.44 on 02/27/24 and a 52-week low of $10.71 on 04/18/24. A 50-day SMA is recorded $14.32, while a 200-day SMA reached $13.47. Nevertheless, trading volume fell to 0.66 million shares from 0.5 million shares the previous day.
Support And Resistance Levels for Sotera Health Co (SHC)
According to the 24-hour chart, there is a support level at 13.39, which, if violated, would cause prices to drop to 13.28. In the upper region, resistance lies at 13.62. The next price resistance is at 13.74. RSI (Relative Strength Index) is 49.04 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.21, which suggests the price will decrease in the coming days. Percent R is at 19.74%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
