Insider Sale Alert: IQVIA Holdings Inc [IQV] – Is it Time to sell?

In a filing, IQVIA Holdings Inc revealed its insider Knightly Kevin C unloaded Company’s shares for reported $2.81 million on Dec 01. In the deal valued at $214.03 per share,13,117 shares were sold. As a result of this transaction, Knightly Kevin C now holds 7,347 shares worth roughly $1.6 million.

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Then, Panagos Constantinos sold 27,317 shares, generating $5,700,340 in total proceeds. Upon selling the shares at $208.67, the insider now owns 14,250 shares.

Before that, Knightly Kevin C sold 5,820 shares. IQVIA Holdings Inc shares valued at $1,175,000 were divested by the insider at a price of $201.89 per share. As a result of the transaction, Knightly Kevin C now holds 0 shares, worth roughly $0.0.

Robert W. Baird downgraded its IQVIA Holdings Inc [IQV] rating to a Neutral from a an Outperform in a research note published on November 02, 2023; the price target was decreased to $202 from $248.

Price Performance Review of IQV

On Friday, IQVIA Holdings Inc [NYSE:IQV] saw its stock jump 0.55% to $218.20. Over the last five days, the stock has gained 3.53%. IQVIA Holdings Inc shares have fallen nearly -5.70% since the year began. Nevertheless, the stocks have fallen -7.35% over the past one year. While a 52-week high of $237.96 was reached on 01/02/24, a 52-week low of $167.42 was recorded on 02/01/24. SMA at 50 days reached $219.09, while 200 days put it at $209.62. A total of 1.14 million shares were traded, compared to the trading of 0.98 million shares in the previous session.

Levels Of Support And Resistance For IQV Stock

The 24-hour chart illustrates a support level at 215.52, which if violated will result in even more drops to 212.83. On the upside, there is a resistance level at 221.55. A further resistance level may holdings at 224.89. The Relative Strength Index (RSI) on the 14-day chart is 54.03, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.30, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 23.83%. Stochastics %K at 70.37% indicates the stock is a holding.

How much short interest is there in IQVIA Holdings Inc?

A steep rise in short interest was recorded in IQVIA Holdings Inc stocks on Jan 31, 2024, growing by 0.49 million shares to a total of 3.64 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2023 was 3.15 million shares. There was a rise of 13.46%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.28% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.54.

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