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Insider Selling Buzz: SEI Investments Co [SEIC] Executive Chairman WEST ALFRED P JR sold 94,158 shares of the company

SEI Investments Co’s recent filing unveils that its Executive Chairman WEST ALFRED P JR unloaded Company’s shares for reported $8.07 million on Dec 13 ’24. In the deal valued at $85.73 per share,94,158 shares were sold. As a result of this transaction, WEST ALFRED P JR now holds 7,284,964 shares worth roughly $575.51 million.

Then, WEST ALFRED P JR sold 52,042 shares, generating $4,435,616 in total proceeds. Upon selling the shares at $85.23, the Executive Chairman now owns 7,232,922 shares.

Before that, Alfred Paul West Jr bought 150,000 shares. SEI Investments Co shares valued at $12,987,000 were divested by the Affiliate at a price of $86.58 per share.

Piper Sandler initiated its SEI Investments Co [SEIC] rating to a Neutral in a research note published on March 29, 2023; the price target was $60. Morgan Stanley also remained covering SEIC and has decreased its forecast on July 12, 2022 with a “an Underweight” recommendation from previously “an Equal-weight” rating. Goldman revised its rating on March 28, 2022. It rated SEIC as “a Neutral” which previously was an “a Buy”.

Price Performance Review of SEIC

On Friday, SEI Investments Co [NASDAQ:SEIC] saw its stock fall -3.04% to $79.00. Over the last five days, the stock has lost -3.56%. SEI Investments Co shares have fallen nearly -4.22% since the year began. Nevertheless, the stocks have risen 26.44% over the past one year. While a 52-week high of $87.25 was reached on 01/02/25, a 52-week low of $62.34 was recorded on 01/10/25. SMA at 50 days reached $81.53, while 200 days put it at $71.14.

Levels Of Support And Resistance For SEIC Stock

The 24-hour chart illustrates a support level at 78.28, which if violated will result in even more drops to 77.56. On the upside, there is a resistance level at 80.14. A further resistance level may holdings at 81.28. The Relative Strength Index (RSI) on the 14-day chart is 34.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.74, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.99%. Stochastics %K at 19.51% indicates the stock is a buying.

How much short interest is there in SEI Investments Co?

A steep rise in short interest was recorded in SEI Investments Co stocks on 2024-12-13, growing by 38419.0 shares to a total of 1.64 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 1.61 million shares. There was a rise of 2.34%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on November 02, 2021 when Truist began covering the stock and recommended ‘”a Hold”‘ rating along with a $67 price target.

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