Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. AMN Healthcare Services Inc. shares valued at $136,536 were sold by Hagan Mark Christopher on Jun 03. At $97.53 per share, Hagan Mark Christopher sold 1,400 shares. The insider’s holdings dropped to 13,345 shares worth approximately $1.44 million following the completion of this transaction.
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Also, Knudson Jeffrey R purchased 5,360 shares, netting a total of over 500,087 in proceeds. Following the buying of shares at $93.30 each, the insider now holds 5,360 shares.
Before that, SALKA SUSAN R had sold 22,475 shares from its account. In a trade valued at $2,407,523, the Chief Executive Officer traded AMN Healthcare Services Inc. shares for $107.12 each. Upon closing the transaction, the insider’s holdings decreased to 22,475 shares, worth approximately $0.48 million.
As published in their initiating research note from BofA Securities on October 08, 2020, AMN Healthcare Services Inc. [AMN] has been a Buy and the price target has been revised to $70. This represents a -54.63% premium over Thursday’s closing price. Analysts at SunTrust upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in late July. As of March 31, 2020, Sidoti has increased its “Neutral” rating to a “Buy” for AMN. Earlier on March 26, 2020, SunTrust downgraded its rating. Their new recommendation was “a Hold” for AMN stock which previously was a “a Buy”.
Analyzing AMN’s Price Performance
On Thursday, AMN Healthcare Services Inc. [NYSE: AMN] plunged -6.52% to $108.24. The stock’s lowest price that day was $107.0808, but it reached a high of $116.89 in the same session. During the last five days, there has been a drop of approximately -6.33%. Over the course of the year, AMN Healthcare Services Inc. shares have dropped approximately -11.52%. Shares of the company reached a 52-week high of $124.94 on 07/21/22 and a 52-week low of $82.75 on 05/16/22. A 50-day SMA is recorded $107.63, while a 200-day SMA reached $105.39. Nevertheless, trading volume fell to 1.47 million shares from 0.56 million shares the previous day.
Support And Resistance Levels for AMN Healthcare Services Inc. (AMN)
According to the 24-hour chart, there is a support level at 104.58, which, if violated, would cause prices to drop to 100.93. In the upper region, resistance lies at 114.39. The next price resistance is at 120.55. RSI (Relative Strength Index) is 43.71 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.99, which suggests the price will decrease in the coming days. Percent R is at 88.24%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is AMN Healthcare Services Inc. subject to short interest?
Stocks of AMN Healthcare Services Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 0.59 million shares to 4.32 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 3.73 million shares. A jump of 13.66% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 5.63 of the overall float, the days-to-cover ratio (short ratio) jumped to 5.63.
Which companies own the most shares of AMN Healthcare Services Inc. (AMN)?
According to BlackRock Fund Advisors filings, the company currently owns 6,838,414 shares, which is about 15.29% of the total AMN shares outstanding. The investor’s shares have appreciated by 110,859 from its previous 13-F filing of 6727555.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $607,391,971. Swedbank Robur Fonder AB reduced a -0.60% interest valued at $187.12 million while SSgA Funds Management, Inc. purchased a 56,075 stake. A total of -1,795 shares of AMN Healthcare Services Inc. were bought by Dimensional Fund Advisors LP during the quarter, and 69,432 were bought by Hermes Investment Management Ltd. In its current portfolio, Millennium Management LLC holds 890,147 shares valued at $97.66 million.
In terms of AMN Healthcare Services Inc. share price expectations, FactSet research, analysts set an average price target of $137.00 in the next 12 months, up nearly 12.27% from the previous closing price of $115.79. Analysts anticipate AMN Healthcare Services Inc. stock to reach $175.00 by 2022, with the lowest price target being $115.00. In spite of this, 10 analysts ranked AMN Healthcare Services Inc. stock as an Overweight at the end of 2022.