Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Nutex Health Inc. shares valued at $90,560 were sold by Premier Macy Management Holdin on Dec 13. At $2.06 per share, Premier Macy Management Holdin sold 43,880 shares. The insider’s holdings dropped to 41,964,832 shares worth approximately $61.69 million following the completion of this transaction.
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Also, Premier Macy Management Holdin sold 125,498 shares, netting a total of over 276,773 in proceeds. Following the sale of shares at $2.21 each, the insider now holds 42,008,712 shares.
As published in their initiating research note from Northland Capital on February 22, 2023, Nutex Health Inc. [NUTX] has been an Outperform and the price target has been revised to $3. This represents a 51.0% premium over Wednesday’s closing price.
Analyzing NUTX Stock Performance
On Wednesday, Nutex Health Inc. [NASDAQ: NUTX] plunged -8.70% to $1.47. The stock’s lowest price that day was $1.42, but it reached a high of $1.79 in the same session. During the last five days, there has been a surge of approximately 12.21%. Over the course of the year, Nutex Health Inc. shares have dropped approximately -22.63%. Shares of the company reached a 52-week high of $2.1200 on 01/04/23 and a 52-week low of $1.2100 on 02/15/23. A 50-day SMA is recorded $1.5059, while a 200-day SMA reached $2.5733. Nevertheless, trading volume fell to 1.82 million shares from 4.16 million shares the previous day.
Support And Resistance Levels for Nutex Health Inc. (NUTX)
According to the 24-hour chart, there is a support level at 1.3300, which, if violated, would cause prices to drop to 1.1900. In the upper region, resistance lies at 1.7000. The next price resistance is at 1.9300. RSI (Relative Strength Index) is 52.74 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.1855, which suggests the price will decrease in the coming days. Percent R is at 56.14%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Nutex Health Inc. subject to short interest?
Stocks of Nutex Health Inc. saw a sharp rise in short interest on Jan 12, 2023 jumping by 4.09 million shares to 7.0 million. Data from Yahoo Finance shows that the short interest on Dec 14, 2022 was 2.91 million shares. A jump of 58.43% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 3.18 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.18.
Which companies own the most shares of Nutex Health Inc. (NUTX)?
According to BlackRock Fund Advisors filings, the company currently owns 10,271,983 shares, which is about 1.58% of the total NUTX shares outstanding. The investor’s shares have appreciated by 8,781,000 from its previous 13-F filing of 1490983.0 shares. With the completion of the buy transaction, SSgA Funds Management, Inc.’s stake is now worth $5,268,708. Geode Capital Management LLC acquire a 251.60% interest valued at $3.62 million while Northern Trust Investments, Inc. purchased a 1,522,181 stake. A total of 867,069 shares of Nutex Health Inc. were bought by Teachers Advisors LLC during the quarter, and 724,453 were bought by The Vanguard Group, Inc. In its current portfolio, Schweizerische Nationalbank holds 784,378 shares valued at $1.05 million.