The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Scholar Rock Holding Corp shares valued at $215,014 were sold by Sacco Tracey on Mar 24 ’25. At $33.08 per share, Sacco Tracey sold 6,500 shares. The insider’s holdings dropped to 71,750 shares worth approximately $2.31 million following the completion of this transaction.
Also, Moore Erin sold 13,564 shares, netting a total of over 449,237 in proceeds. Following the sale of shares at $33.12 each, the insider now holds 82,609 shares.
Before that, Tracey Sacco had added 41,500 shares to its account. In a trade valued at $1,369,500, the Affiliate bought Scholar Rock Holding Corp shares for $33.00 each.
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 drop of approximately -5.33%. Over the course of the year, Scholar Rock Holding Corp shares have dropped approximately -25.59%. Shares of the company reached a 52-week high of $46.98 on 01/23/25 and a 52-week low of $31.60 on 03/26/25. A 50-day SMA is recorded $38.27, while a 200-day SMA reached $24.94.
Support And Resistance Levels for Scholar Rock Holding Corp (SRRK)
According to the 24-hour chart, there is a support level at 31.42, which, if violated, would cause prices to drop to 30.69. In the upper region, resistance lies at 33.07. The next price resistance is at 33.99. RSI (Relative Strength Index) is 33.54 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.14, which suggests the price will decrease in the coming days. Percent R is at 90.18%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
