In a filing, Scholar Rock Holding Corp revealed its CHIEF EXECUTIVE OFFICER Backstrom Jay T. unloaded Company’s shares for reported $0.99 million on Jan 16 ’25. In the deal valued at $44.20 per share,22,308 shares were sold. As a result of this transaction, Backstrom Jay T. now holds 330,363 shares worth roughly $12.6 million.
Then, Marantz Jing L. sold 5,655 shares, generating $249,935 in total proceeds. Upon selling the shares at $44.20, the CHIEF MEDICAL OFFICER now owns 67,200 shares.
Before that, Sacco Tracey sold 3,890 shares. Scholar Rock Holding Corp shares valued at $171,927 were divested by the Chief Commercial Officer at a price of $44.20 per share. As a result of the transaction, Sacco Tracey now holds 45,395 shares, worth roughly $1.73 million.
H.C. Wainwright reiterated its Scholar Rock Holding Corp [SRRK] rating to a Buy in a research note published on November 26, 2024; the price target was $50. A number of analysts have revised their coverage, including H.C. Wainwright’s analysts, who remained covering the stock and in early October has reiterated a ‘”a Buy”‘ rating for it. Raymond James began covering SRRK with “Strong buy” recommendation on March 28, 2024. Jefferies revised its rating on October 25, 2023. It rated SRRK as “a Buy” which previously was an “a Hold”.
Price Performance Review of SRRK
On Monday, Scholar Rock Holding Corp [NASDAQ:SRRK] saw its stock fall -4.53% to $38.14. Over the last five days, the stock has lost -4.77%. Scholar Rock Holding Corp shares have fallen nearly -11.75% since the year began. Nevertheless, the stocks have risen 138.08% over the past one year. While a 52-week high of $46.98 was reached on 01/23/25, a 52-week low of $6.76 was recorded on 02/10/25. SMA at 50 days reached $42.26, while 200 days put it at $21.35.
Levels Of Support And Resistance For SRRK Stock
The 24-hour chart illustrates a support level at 37.57, which if violated will result in even more drops to 37.01. On the upside, there is a resistance level at 39.19. A further resistance level may holdings at 40.25. The Relative Strength Index (RSI) on the 14-day chart is 38.73, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.10%. Stochastics %K at 12.41% indicates the stock is a buying.
How much short interest is there in Scholar Rock Holding Corp?
A steep rise in short interest was recorded in Scholar Rock Holding Corp stocks on 2025-01-15, growing by 0.58 million shares to a total of 15.66 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 15.07 million shares. There was a rise of 3.73%, which implies that there is a positive sentiment for the stock.
