Checking in on Cross Country Healthcare Inc. (CCRN) after recent insiders movement

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Cross Country Healthcare Inc.’s recent filing unveils that its VP, Corporate Treasurer Grieco Cynthia Ann unloaded Company’s shares for reported $38556.0 on Nov 28. In the deal valued at $36.00 per share,1,071 shares were sold. As a result of this transaction, Grieco Cynthia Ann now holds 11,950 shares worth roughly $ 0.32 million.

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Then, Ball Susan E sold 14,901 shares, generating $447,030 in total proceeds. Upon selling the shares at $30.00, the General Counsel and Secretary now owns 155,896 shares.

Before that, Burns William J. sold 40,293 shares. Cross Country Healthcare Inc. shares valued at $1,245,535 were divested by the Chief Financial Officer at a price of $30.91 per share. As a result of the transaction, Burns William J. now holds 206,111 shares, worth roughly $5.58 million.

Truist downgraded its Cross Country Healthcare Inc. [CCRN] rating to a Hold from a a Buy in a research note published on Tuesday. PT values the company’s stock at a premium of 24.75 to its Tuesday closing price. A number of analysts have revised their coverage, including Jefferies’s analysts, who increased its forecast for the stock in late January from “a Hold” to “a Buy”. The Benchmark Company also remained covering CCRN and has increased its forecast on August 05, 2021 with a “Buy” recommendation from previously “Hold” rating. The Benchmark Company revised its rating on May 06, 2021. It rated CCRN as “a Hold” which previously was an “a Buy”.

Price Performance Review of CCRN

On Tuesday, Cross Country Healthcare Inc. [NASDAQ:CCRN] saw its stock fall -2.90% to $27.09. On the same session, the stock had its day’s lowest price of $26.45, but rose to a high of $28.02. Over the last five days, the stock has lost -4.04%. Cross Country Healthcare Inc. shares have risen nearly 1.96% since the year began. Nevertheless, the stocks have risen 54.89% over the past one year. While a 52-week high of $40.12 was reached on 01/11/23, a 52-week low of $15.26 was recorded on 01/18/23. SMA at 50 days reached $30.36, while 200 days put it at $26.00. A total of 0.65 million shares were traded, compared to the trading of 0.44 million shares in the previous session.

Levels Of Support And Resistance For CCRN Stock

The 24-hour chart illustrates a support level at 26.35, which if violated will result in even more drops to 25.62. On the upside, there is a resistance level at 27.92. A further resistance level may holdings at 28.76. The Relative Strength Index (RSI) on the 14-day chart is 42.41, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.55, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 66.99%. Stochastics %K at 42.54% indicates the stock is a holding.

How much short interest is there in Cross Country Healthcare Inc.?

A steep rise in short interest was recorded in Cross Country Healthcare Inc. stocks on Oct 13, 2022, dropping by -0.39 million shares to a total of 3.33 million shares. Yahoo Finance data shows the prior-month short interest on Sep 14, 2022 was 3.72 million shares. There was a decline of -11.71%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 10.83% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.57.

Cross Country Healthcare Inc. [CCRN] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 5,554,030 shares, or roughly 14.89% of the outstanding CCRN shares. In other words, the investor’s shares have risen by 144,025 from its previous 13-F filing of 5410005.0. Additionally, The Vanguard Group, Inc. decreased -4.11% of its stake after which the total value it holdings stand at $68,790,421, while Systematic Financial Management L reduced -3.46% of its stake to hold $56.29 million in the firm. Over the last quarter, Dimensional Fund Advisors LP sold -48,203 shares of Cross Country Healthcare Inc., while Wellington Management Co. LLP sold 1,315,436 shares. At present, Simcoe Capital Management LLC is holding 1,613,581 shares valued at $42.87 million. Aristotle Capital Boston LLC owned 1,564,709 shares of the company at the time of its most recent 13F filing, worth $41.57 million.

According to FactSet, Cross Country Healthcare Inc.’s share price will average $39.33 in the next year, based on opinions of analysts polled by the firm. This is up nearly 48.75 percent from its previous closing price of $27.90. Analysts expect Cross Country Healthcare Inc. stock to reach the higher price of $45.00, while the lowest price estimate is $31.00.

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