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 $164,131 were sold by Sacco Tracey on Apr 25 ’25. At $32.83 per share, Sacco Tracey sold 5,000 shares. The insider’s holdings dropped to 71,750 shares worth approximately $2.2 million following the completion of this transaction.
Also, Sacco Tracey sold 6,500 shares, netting a total of over 215,014 in proceeds. Following the sale of shares at $33.08 each, the insider now holds 71,750 shares.
Before that, Moore Erin had sold 13,564 shares from its account. In a trade valued at $449,237, the Interim PFO and PAO traded Scholar Rock Holding Corp shares for $33.12 each. Upon closing the transaction, the insider’s holdings decreased to 13,564 shares, worth approximately $2.54 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 0.59%. Over the course of the year, Scholar Rock Holding Corp shares have dropped approximately -28.92%. Shares of the company reached a 52-week high of $46.98 on 01/23/25 and a 52-week low of $22.71 on 04/09/25.
Support And Resistance Levels for Scholar Rock Holding Corp (SRRK)
According to the 24-hour chart, there is a support level at 29.96, which, if violated, would cause prices to drop to 29.20. In the upper region, resistance lies at 31.54. The next price resistance is at 32.36. RSI (Relative Strength Index) is 47.92 on the 14-day chart, showing neutral technical sentiment.
