In a filing, SolarWinds Corp revealed 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 $40.33 million.
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 downgraded its SolarWinds Corp [SWI] rating to a Neutral from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Wedbush’s analysts, who began to cover the stock in mid December with a ‘”an Outperform”‘ rating. Scotiabank began covering SWI with “Sector perform” recommendation on September 13, 2024.
Price Performance Review of SWI
On Tuesday, SolarWinds Corp [NYSE:SWI] saw its stock fall -0.44% to $18.23. Over the last five days, the stock has gained 21.61%. SolarWinds Corp shares have risen nearly 27.93% since the year began. Nevertheless, the stocks have risen 49.11% over the past one year. While a 52-week high of $18.55 was reached on 02/07/25, a 52-week low of $10.14 was recorded on 01/13/25. SMA at 50 days reached $14.59, while 200 days put it at $12.88.
Levels Of Support And Resistance For SWI Stock
The 24-hour chart illustrates a support level at 18.17, which if violated will result in even more drops to 18.10. On the upside, there is a resistance level at 18.33. A further resistance level may holdings at 18.42. The Relative Strength Index (RSI) on the 14-day chart is 85.78, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.68, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 7.53%. Stochastics %K at 93.76% indicates the stock is a selling.
How much short interest is there in SolarWinds Corp?
A steep rise in short interest was recorded in SolarWinds Corp stocks on 2025-01-31, dropping by -0.45 million shares to a total of 1.74 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-31 was 2.19 million shares. There was a decline of -25.93%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on February 01, 2024 when JP Morgan began covering the stock and recommended ‘”a Neutral”‘ rating along with a $14 price target.
