IQVIA Holdings Inc’s filing revealed that its insider BOUSBIB ARI unloaded Company’s shares for reported $7.94 million on Mar 01 ’24. In the deal valued at $250.53 per share,31,678 shares were sold. As a result of this transaction, BOUSBIB ARI now holds 796,752 shares worth roughly $195.47 million.
Then, STAUB W RICHARD sold 14,100 shares, generating $3,494,034 in total proceeds. Upon selling the shares at $247.80, the insider now owns 15,945 shares.
Before that, Knightly Kevin C sold 8,607 shares. IQVIA Holdings Inc shares valued at $2,153,176 were divested by the insider at a price of $250.17 per share. As a result of the transaction, Knightly Kevin C now holds 5,251 shares, worth roughly $1.29 million.
Leerink Partners initiated its IQVIA Holdings Inc [IQV] rating to an Outperform in a research note published on February 26, 2024; the price target was $290. A number of analysts have revised their coverage, including Guggenheim’s analysts, who decreased its forecast for the stock in mid February from “a Buy” to “a Neutral”. BTIG Research began covering IQV with “Buy” recommendation on February 13, 2024. Robert W. Baird revised its rating on November 02, 2023. It rated IQV as “a Neutral” which previously was an “an Outperform”.
Price Performance Review of IQV
On Tuesday, IQVIA Holdings Inc [NYSE:IQV] saw its stock jump 1.59% to $245.33. Over the last five days, the stock has lost -0.07%. IQVIA Holdings Inc shares have risen nearly 6.03% since the year began. Nevertheless, the stocks have risen 25.28% over the past one year. While a 52-week high of $261.73 was reached on 03/08/24, a 52-week low of $167.42 was recorded on 02/01/24. SMA at 50 days reached $240.71, while 200 days put it at $219.34. A total of 0.55 million shares were traded, compared to the trading of 0.5 million shares in the previous session.
Levels Of Support And Resistance For IQV Stock
The 24-hour chart illustrates a support level at 244.05, which if violated will result in even more drops to 242.77. On the upside, there is a resistance level at 246.81. A further resistance level may holdings at 248.28. The Relative Strength Index (RSI) on the 14-day chart is 48.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.81, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 60.02%. Stochastics %K at 25.87% 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 Mar 15, 2024, dropping by -0.11 million shares to a total of 3.2 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 3.31 million shares. There was a decline of -3.44%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.01% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.17.
The most recent change occurred on September 06, 2023 when HSBC Securities began covering the stock and recommended ‘”a Buy”‘ rating along with a $260 price target.
