AdaptHealth Corp. (AHCO) gets rating Downgrade from Stifel


In a filing, AdaptHealth Corp. revealed its Director SkyKnight Aero Holdings, LLC unloaded Company’s shares for reported $1.93 million on Aug 11. In the deal valued at $14.02 per share,137,787 shares were sold. As a result of this transaction, SkyKnight Aero Holdings, LLC now holds 2,815,117 shares worth roughly $ 33.19 million.

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Then, SkyKnight Aero Holdings, LLC sold 59,052 shares, generating $827,614 in total proceeds. Upon selling the shares at $14.02, the Director now owns 5,565,126 shares.

Before that, Clemens Jason A bought 720 shares. AdaptHealth Corp. shares valued at $10,152 were divested by the Chief Financial Officer at a price of $14.10 per share. As a result of the transaction, Clemens Jason A now holds 194,120 shares, worth roughly $2.29 million.

Stifel downgraded its AdaptHealth Corp. [AHCO] rating to a Hold from a a Buy in a research note published on Friday, May 10, 2023; the price target was decreased to $11 from $18. PT values the company’s stock at a premium of -7.18 to its Friday closing price.

Price Performance Review of AHCO

On Friday, AdaptHealth Corp. [NASDAQ:AHCO] saw its stock fall -1.17% to $11.79. On the same session, the stock had its day’s lowest price of $11.77, but rose to a high of $12.24. Over the last five days, the stock has gained 1.55%. AdaptHealth Corp. shares have fallen nearly -38.66% since the year began. Nevertheless, the stocks have fallen -34.39% over the past one year. While a 52-week high of $23.30 was reached on 02/23/23, a 52-week low of $9.32 was recorded on 06/27/23. SMA at 50 days reached $12.74, while 200 days put it at $15.35. A total of 0.82 million shares were traded, compared to the trading of 1.38 million shares in the previous session.

Levels Of Support And Resistance For AHCO Stock

The 24-hour chart illustrates a support level at 11.63, which if violated will result in even more drops to 11.46. On the upside, there is a resistance level at 12.10. A further resistance level may holdings at 12.40. The Relative Strength Index (RSI) on the 14-day chart is 40.42, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 68.90%. Stochastics %K at 34.16% indicates the stock is a holding.

How much short interest is there in AdaptHealth Corp.?

A steep rise in short interest was recorded in AdaptHealth Corp. stocks on Aug 14, 2023, dropping by -1.04 million shares to a total of 7.15 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 8.19 million shares. There was a decline of -14.55%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 6.68% of the overall stock float, the days-to-cover ratio (short ratio) fell to 5.73.


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