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. Sterling Infrastructure Inc shares valued at $351,778 were sold by O’Brien Dana C. on Dec 18 ’24. At $175.89 per share, O’Brien Dana C. sold 2,000 shares. The insider’s holdings dropped to 25,901 shares worth approximately $4.33 million following the completion of this transaction.
Also, Dana C. Carabin O’Brien purchased 2,000 shares, netting a total of over 353,180 in proceeds.
Before that, BALLSCHMIEDE RONALD A had sold 18,700 shares from its account. In a trade valued at $2,685,133, the EVP traded Sterling Infrastructure Inc shares for $143.59 each. Upon closing the transaction, the insider’s holdings decreased to 18,700 shares, worth approximately $41.51 million.
As published in a research note from DA Davidson on February 28, 2024, Sterling Infrastructure Inc [STRL] has been rated down from a Buy to a Neutral and the price target has been revised to $115 from $86. Analysts at KeyBanc Capital Mkts downgraded the stock from ‘”an Overweight”‘ to ‘”a Sector weight”‘ outlook in a report released in early February. As of May 25, 2016, Maxim Group has reiterated its “Buy” rating for STRL. Earlier on May 03, 2016, BWS Financial downgraded its rating. Their new recommendation was “a Hold” for STRL stock which previously was a “a Buy”.
Analyzing STRL Stock Performance
During the last five days, there has been a drop of approximately -0.83%. Over the course of the year, Sterling Infrastructure Inc shares have dropped approximately -0.83%. Shares of the company reached a 52-week high of $181.98 on 01/06/25 and a 52-week low of $161.65 on 01/08/25. A 50-day SMA is recorded $179.45, while a 200-day SMA reached $135.75. Nevertheless, trading volume fell to 0.24 million shares from 0.37 million shares the previous day.
Support And Resistance Levels for Sterling Infrastructure Inc (STRL)
According to the 24-hour chart, there is a support level at 163.18, which, if violated, would cause prices to drop to 159.30. In the upper region, resistance lies at 169.40. The next price resistance is at 171.74. RSI (Relative Strength Index) is 40.31 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.45, which suggests the price will decrease in the coming days. Percent R is at 73.44%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
