Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Scholar Rock Holding Corp shares valued at $2,562,479 were sold by Qatanani Mo on Feb 19 ’25. At $37.40 per share, Qatanani Mo sold 68,510 shares. The insider’s holdings dropped to 111,084 shares worth approximately $4.35 million following the completion of this transaction.
Also, Qatanani Mo sold 4,135 shares, netting a total of over 152,288 in proceeds. Following the sale of shares at $36.83 each, the insider now holds 131,286 shares.
Before that, Parlavecchio Caryn had sold 5,296 shares from its account. In a trade valued at $195,046, the CHRO traded Scholar Rock Holding Corp shares for $36.83 each. Upon closing the transaction, the insider’s holdings decreased to 5,296 shares, worth approximately $5.49 million.
As published in a research note from H.C. Wainwright on November 26, 2024, Scholar Rock Holding Corp [SRRK] has been retained to a Buy and the price target has been revised to $50. Analysts at H.C. Wainwright resumed the stock at ‘”a Buy”‘ outlook in a report released in early October. As of March 28, 2024, Raymond James has initiated its “Strong buy” rating for SRRK. Earlier on October 25, 2023, Jefferies upgraded its rating. Their new recommendation was “a Buy” for SRRK stock which previously was a “a Hold”.
Analyzing SRRK Stock Performance
During the last five days, there has been a surge of approximately 5.27%. Over the course of the year, Scholar Rock Holding Corp shares have dropped approximately -9.42%. Shares of the company reached a 52-week high of $46.98 on 01/23/25 and a 52-week low of $35.35 on 02/18/25. A 50-day SMA is recorded $42.04, while a 200-day SMA reached $22.16. Nevertheless, trading volume fell to 0.67 million shares from 0.65 million shares the previous day.
Support And Resistance Levels for Scholar Rock Holding Corp (SRRK)
According to the 24-hour chart, there is a support level at 37.77, which, if violated, would cause prices to drop to 36.38. In the upper region, resistance lies at 40.00. The next price resistance is at 40.84. RSI (Relative Strength Index) is 46.86 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.83, which suggests the price will decrease in the coming days. Percent R is at 44.73%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
