agilon health inc. [AGL] stock for 2,193,620 USD was sold by Desai Veeral

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. agilon health inc. shares valued at $2,193,620 were sold by Desai Veeral on Jul 21. At $27.50 per share, Desai Veeral sold 79,768 shares. The insider’s holdings dropped to 278,211 shares worth approximately $7.1 million following the completion of this transaction.

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Also, Shaker Benjamin sold 50,000 shares, netting a total of over 1,385,850 in proceeds. Following the sale of shares at $27.72 each, the insider now holds 27,132 shares.

Before that, Shaker Benjamin had sold 50,000 shares from its account. In a trade valued at $1,319,079, the Chief Markets Officer traded agilon health inc. shares for $26.38 each. Upon closing the transaction, the insider’s holdings decreased to 50,000 shares, worth approximately $0.7 million.

As published in their initiating research note from BTIG Research on June 24, 2022, agilon health inc. [AGL] has been a Neutral. Analysts at Guggenheim started covering the stock with ‘”a Buy”‘ outlook in a report released in late March. As of October 20, 2021, Jefferies has initiated its “Buy” rating for AGL. Earlier on September 27, 2021, SVB Leerink initiated its rating. Their recommendation was “an Outperform” for AGL stock.

Analyzing AGL’s Price Performance

On Thursday, agilon health inc. [NYSE: AGL] plunged -3.52% to $25.52. The stock’s lowest price that day was $25.275, but it reached a high of $26.58 in the same session. During the last five days, there has been a surge of approximately 1.31%. Over the course of the year, agilon health inc. shares have dropped approximately -5.48%. Shares of the company reached a 52-week high of $28.36 on 07/21/22 and a 52-week low of $14.36 on 01/28/22. A 50-day SMA is recorded $22.67, while a 200-day SMA reached $22.03. Nevertheless, trading volume fell to 2.81 million shares from 1.56 million shares the previous day.

Support And Resistance Levels for agilon health inc. (AGL)

According to the 24-hour chart, there is a support level at 25.00, which, if violated, would cause prices to drop to 24.49. In the upper region, resistance lies at 26.31. The next price resistance is at 27.10. RSI (Relative Strength Index) is 54.77 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.22, which suggests the price will decrease in the coming days. Percent R is at 61.87%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

Is agilon health inc. subject to short interest?

Stocks of agilon health inc. saw a sharp steep in short interest on Jul 14, 2022 dropping by -0.87 million shares to 19.16 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 20.03 million shares. A decline of -4.54% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 9.85 of the overall float, the days-to-cover ratio (short ratio) decline to 9.85.

Which companies own the most shares of agilon health inc. (AGL)?

According to Capital Research & Management Co filings, the company currently owns 36,322,390 shares, which is about 8.93% of the total AGL shares outstanding. The investor’s shares have appreciated by 456,437 from its previous 13-F filing of 35865953.0 shares. With the completion of the buy transaction, Morgan Stanley Investment Managem’s stake is now worth $762,623,453. Fidelity Management & Research Co acquire a 46.83% interest valued at $632.36 million while Wellington Management Co. LLP purchased a 1,834,890 stake. A total of 185,362 shares of agilon health inc. were bought by The Vanguard Group, Inc. during the quarter, and 1,536,506 were bought by Capital Research & Management Co. In its current portfolio, Morgan Stanley Investment Managem holds 8,340,024 shares valued at $182.06 million.

In terms of agilon health inc. share price expectations, FactSet research, analysts set an average price target of $31.70 in the next 12 months, up nearly 22.87% from the previous closing price of $26.45. Analysts anticipate agilon health inc. stock to reach $41.00 by 2022, with the lowest price target being $23.00. In spite of this, 12 analysts ranked agilon health inc. stock as a Buy at the end of 2022. On September 10, 2021, Cowen assigned a price target of “an Outperform” to the stock and initiated coverage with a $44.


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