Humana Inc.’s filing revealed that its Director Mesquita Jorge S. acquired Company’s shares for reported $0.2 million on Feb 20 ’24. In the deal valued at $367.09 per share,545 shares were bought. As a result of this transaction, Mesquita Jorge S. now holds 2,578 shares worth roughly $0.81 million.
Then, Diamond Susan M sold 4,156 shares, generating $2,187,226 in total proceeds. Upon selling the shares at $526.28, the Chief Financial Officer now owns 3,931 shares.
BofA Securities downgraded its Humana Inc. [HUM] rating to a Neutral from a a Buy in a research note published on April 02, 2024; the price target was decreased to $342 from $470. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in early April from “a Buy” to “a Neutral”. Raymond James began covering HUM with “Mkt perform” recommendation on March 22, 2024. Argus revised its rating on March 13, 2024. It rated HUM as “a Hold” which previously was an “a Buy”.
Price Performance Review of HUM
On Friday, Humana Inc. [NYSE:HUM] saw its stock jump 0.99% to $313.11. Over the last five days, the stock has lost -9.69%. Humana Inc. shares have fallen nearly -31.61% since the year began. Nevertheless, the stocks have fallen -37.79% over the past one year. While a 52-week high of $541.21 was reached on 01/03/24, a 52-week low of $299.23 was recorded on 04/02/24. SMA at 50 days reached $353.09, while 200 days put it at $444.74. A total of 1.24 million shares were traded, compared to the trading of 1.85 million shares in the previous session.
Levels Of Support And Resistance For HUM Stock
The 24-hour chart illustrates a support level at 309.13, which if violated will result in even more drops to 305.15. On the upside, there is a resistance level at 315.66. A further resistance level may holdings at 318.22. The Relative Strength Index (RSI) on the 14-day chart is 29.57, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -26.85, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.66%. Stochastics %K at 20.40% indicates the stock is a holding.
How much short interest is there in Humana Inc.?
A steep rise in short interest was recorded in Humana Inc. stocks on Mar 15, 2024, growing by 0.41 million shares to a total of 2.57 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 2.16 million shares. There was a rise of 15.95%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.13% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.73.
The most recent change occurred on March 06, 2024 when Barclays began covering the stock and recommended ‘”an Equal weight”‘ rating along with a $356 price target.
