Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. IQVIA Holdings Inc shares valued at $7,936,193 were sold by BOUSBIB ARI on Mar 01 ’24. At $250.53 per share, BOUSBIB ARI sold 31,678 shares. The insider’s holdings dropped to 796,752 shares worth approximately $201.24 million following the completion of this transaction.
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Also, STAUB W RICHARD sold 14,100 shares, netting a total of over 3,494,034 in proceeds. Following the sale of shares at $247.80 each, the insider now holds 15,945 shares.
Before that, Knightly Kevin C had sold 8,607 shares from its account. In a trade valued at $2,153,176, the insider traded IQVIA Holdings Inc shares for $250.17 each. Upon closing the transaction, the insider’s holdings decreased to 8,607 shares, worth approximately $1.33 million.
As published in their initiating research note from Leerink Partners on February 26, 2024, IQVIA Holdings Inc [IQV] has been an Outperform and the price target has been revised to $290. Analysts at Guggenheim downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid February. As of February 13, 2024, BTIG Research has initiated its “Buy” rating for IQV. Earlier on November 02, 2023, Robert W. Baird downgraded its rating. Their new recommendation was “a Neutral” for IQV stock which previously was a “an Outperform”.
Analyzing IQV Stock Performance
During the last five days, there has been a drop of approximately -0.06%. Over the course of the year, IQVIA Holdings Inc shares have jumped approximately 9.16%. Shares of the company reached a 52-week high of $261.73 on 03/08/24 and a 52-week low of $205.38 on 02/01/24. A 50-day SMA is recorded $235.87, while a 200-day SMA reached $218.13. Nevertheless, trading volume fell to 0.75 million shares from 0.88 million shares the previous day.
Support And Resistance Levels for IQVIA Holdings Inc (IQV)
According to the 24-hour chart, there is a support level at 250.18, which, if violated, would cause prices to drop to 247.78. In the upper region, resistance lies at 253.83. The next price resistance is at 255.09. RSI (Relative Strength Index) is 57.09 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.15, which suggests the price will decrease in the coming days. Percent R is at 64.28%, indicating low price movement. Stochastics %K at buying indicates that the stock is to be held.
Is IQVIA Holdings Inc subject to short interest?
Stocks of IQVIA Holdings Inc saw a sharp steep in short interest on Feb 29, 2024 dropping by -0.71 million shares to 2.93 million. Data from Yahoo Finance shows that the short interest on Jan 31, 2024 was 3.64 million shares. A decline of -24.23% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.53 of the overall float, the days-to-cover ratio (short ratio) decline to 2.53.
