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Morgan Stanley gives an Overweight recommendation for CCC Intelligent Solutions Holdings Inc (CCCS)

CCC Intelligent Solutions Holdings Inc’s filing revealed that its Director De Crescenzo Neil E. acquired Company’s shares for reported $1.22 million on Dec 20 ’24. In the deal valued at $12.16 per share,100,000 shares were bought. As a result of this transaction, De Crescenzo Neil E. now holds 100,000 shares worth roughly $ 1.08 million.

Then, Williams Teri sold 20,000 shares, generating $244,358 in total proceeds. Upon selling the shares at $12.22, the Director now owns 54,135 shares.

Before that, Williams Teri bought 20,000 shares. CCC Intelligent Solutions Holdings Inc shares valued at $244,357 were divested by the Director at a price of $12.22 per share.

Morgan Stanley upgraded its CCC Intelligent Solutions Holdings Inc [CCCS] rating to an Overweight from a an Equal-weight in a research note published on November 13, 2024; the price target was increased to $15 from $14. Morgan Stanley started covering the stock on December 12, 2023. It rated CCCS as “an Equal-weight”.

Price Performance Review of CCCS

On Tuesday, CCC Intelligent Solutions Holdings Inc [NASDAQ:CCCS] saw its stock jump 0.09% to $10.76. Over the last five days, the stock has lost -1.01%. CCC Intelligent Solutions Holdings Inc shares have fallen nearly -8.27% since the year began. Nevertheless, the stocks have fallen -4.86% over the past one year. While a 52-week high of $12.88 was reached on 01/02/25, a 52-week low of $9.79 was recorded on 02/18/25. SMA at 50 days reached $11.53, while 200 days put it at $11.20.

Levels Of Support And Resistance For CCCS Stock

The 24-hour chart illustrates a support level at 10.67, which if violated will result in even more drops to 10.59. On the upside, there is a resistance level at 10.86. A further resistance level may holdings at 10.97. The Relative Strength Index (RSI) on the 14-day chart is 34.46, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.32%. Stochastics %K at 7.49% indicates the stock is a buying.

The most recent change occurred on September 22, 2023 when Stifel began covering the stock and recommended ‘”a Buy”‘ rating along with a $14 price target.

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