In a filing, Surgery Partners Inc revealed its Chief Financial Officer Doherty David T unloaded Company’s shares for reported $20613.0 on Mar 14 ’24. In the deal valued at $28.59 per share,721 shares were sold. As a result of this transaction, Doherty David T now holds 95,719 shares worth roughly $2.63 million.
Then, Evans Jason Eric sold 4,840 shares, generating $143,796 in total proceeds. Upon selling the shares at $29.71, the Chief Executive Officer now owns 459,670 shares.
Before that, Owens Bradley R. sold 2,783 shares. Surgery Partners Inc shares valued at $82,989 were divested by the National Group President at a price of $29.82 per share. As a result of the transaction, Owens Bradley R. now holds 78,338 shares, worth roughly $2.15 million.
Barclays initiated its Surgery Partners Inc [SGRY] rating to an Equal weight in a research note published on March 06, 2024; the price target was $35. A number of analysts have revised their coverage, including TD Cowen’s analysts, who increased its forecast for the stock in mid November from “a Market perform” to “an Outperform”. BofA Securities also remained covering SGRY and has increased its forecast on June 02, 2023 with a “Buy” recommendation from previously “Neutral” rating. Mizuho started covering the stock on May 12, 2023. It rated SGRY as “a Buy”.
Price Performance Review of SGRY
On Friday, Surgery Partners Inc [NASDAQ:SGRY] saw its stock jump 1.44% to $27.44. Over the last five days, the stock has lost -8.01%. Surgery Partners Inc shares have fallen nearly -14.22% since the year began. Nevertheless, the stocks have fallen -20.56% over the past one year. While a 52-week high of $45.79 was reached on 02/12/24, a 52-week low of $22.05 was recorded on 04/04/24. SMA at 50 days reached $30.75, while 200 days put it at $32.42. A total of 0.51 million shares were traded, compared to the trading of 0.69 million shares in the previous session.
Levels Of Support And Resistance For SGRY Stock
The 24-hour chart illustrates a support level at 26.99, which if violated will result in even more drops to 26.55. On the upside, there is a resistance level at 27.75. A further resistance level may holdings at 28.07. The Relative Strength Index (RSI) on the 14-day chart is 38.07, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.95, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.06%. Stochastics %K at 12.36% indicates the stock is a buying.
How much short interest is there in Surgery Partners Inc?
A steep rise in short interest was recorded in Surgery Partners Inc stocks on Mar 15, 2024, growing by 0.85 million shares to a total of 8.04 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 7.19 million shares. There was a rise of 10.57%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 16.51% of the overall stock float, the days-to-cover ratio (short ratio) rose to 7.7.
The most recent change occurred on April 21, 2023 when Cantor Fitzgerald began covering the stock and recommended ‘”an Overweight”‘ rating along with a $43 price target.
