In a filing, OrthoPediatrics corp revealed its President and CEO Bailey David R unloaded Company’s shares for reported $88647.0 on Mar 11 ’24. In the deal valued at $27.59 per share,3,213 shares were sold. As a result of this transaction, Bailey David R now holds 139,384 shares worth roughly $4.24 million.
Then, Hite Fred sold 3,195 shares, generating $88,150 in total proceeds. Upon selling the shares at $27.59, the COO and CFO now owns 94,072 shares.
Before that, Odle Gregory A sold 2,768 shares. OrthoPediatrics corp shares valued at $76,369 were divested by the President of Scoliosis at a price of $27.59 per share. As a result of the transaction, Odle Gregory A now holds 80,473 shares, worth roughly $2.45 million.
Truist downgraded its OrthoPediatrics corp [KIDS] rating to a Hold from a a Buy in a research note published on January 25, 2024; the price target was decreased to $31 from $39. A number of analysts have revised their coverage, including Needham’s analysts, who remained covering the stock and in mid June has reiterated a ‘”a Buy”‘ rating for it. Needham also remained covering KIDS and reiterated its “Buy” recommendation on April 02, 2020. SunTrust started covering the stock on January 08, 2020. It rated KIDS as “a Buy”.
Price Performance Review of KIDS
On Tuesday, OrthoPediatrics corp [NASDAQ:KIDS] saw its stock jump 9.04% to $30.40. Over the last five days, the stock has gained 13.94%. OrthoPediatrics corp shares have fallen nearly -6.49% since the year began. Nevertheless, the stocks have fallen -35.32% over the past one year. While a 52-week high of $53.50 was reached on 01/02/24, a 52-week low of $23.10 was recorded on 03/18/24. SMA at 50 days reached $27.52, while 200 days put it at $32.06. A total of 0.24 million shares were traded, compared to the trading of 0.12 million shares in the previous session.
Levels Of Support And Resistance For KIDS Stock
The 24-hour chart illustrates a support level at 28.81, which if violated will result in even more drops to 27.23. On the upside, there is a resistance level at 31.20. A further resistance level may holdings at 32.01. The Relative Strength Index (RSI) on the 14-day chart is 62.27, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.06, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.42%. Stochastics %K at 72.12% indicates the stock is a holding.
How much short interest is there in OrthoPediatrics corp?
A steep rise in short interest was recorded in OrthoPediatrics corp stocks on Mar 15, 2024, growing by 84300.0 shares to a total of 0.94 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 0.86 million shares. There was a rise of 8.96%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 7.36% of the overall stock float, the days-to-cover ratio (short ratio) rose to 5.04.
The most recent change occurred on June 19, 2019 when Needham began covering the stock and recommended ‘”a Buy”‘ rating along with a $53 price target.
