Universal Health Services, Inc.’s recent filing unveils that its Executive Vice President & CFO FILTON STEVE unloaded Company’s shares for reported $6.19 million on Mar 08 ’24. In the deal valued at $176.82 per share,35,000 shares were sold. As a result of this transaction, FILTON STEVE now holds 68,785 shares worth roughly $11.8 million.
Then, Peterson Matthew Jay sold 6,337 shares, generating $1,119,952 in total proceeds. Upon selling the shares at $176.73, the Executive Vice President, UHS now owns 459 shares.
Before that, Peterson Matthew Jay sold 7,935 shares. Universal Health Services, Inc. shares valued at $1,383,976 were divested by the Executive Vice President, UHS at a price of $174.41 per share. As a result of the transaction, Peterson Matthew Jay now holds 459 shares, worth roughly $78718.5.
Barclays initiated its Universal Health Services, Inc. [UHS] rating to an Equal weight in a research note published on March 06, 2024; the price target was $181. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who increased its forecast for the stock in early January from “an Equal weight” to “an Overweight”. Goldman also remained covering UHS and has increased its forecast on December 11, 2023 with a “Buy” recommendation from previously “Sell” rating. BofA Securities revised its rating on June 02, 2023. It rated UHS as “a Buy” which previously was an “a Neutral”.
Price Performance Review of UHS
On Tuesday, Universal Health Services, Inc. [NYSE:UHS] saw its stock fall -0.08% to $171.50. Over the last five days, the stock has lost -0.53%. Universal Health Services, Inc. shares have risen nearly 12.50% since the year began. Nevertheless, the stocks have risen 33.90% over the past one year. While a 52-week high of $183.61 was reached on 03/28/24, a 52-week low of $119.90 was recorded on 01/24/24. SMA at 50 days reached $169.67, while 200 days put it at $146.47. A total of 0.67 million shares were traded, compared to the trading of 0.41 million shares in the previous session.
Levels Of Support And Resistance For UHS Stock
The 24-hour chart illustrates a support level at 169.74, which if violated will result in even more drops to 167.97. On the upside, there is a resistance level at 172.73. A further resistance level may holdings at 173.96. The Relative Strength Index (RSI) on the 14-day chart is 45.80, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.31, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.07%. Stochastics %K at 18.87% indicates the stock is a buying.
How much short interest is there in Universal Health Services, Inc.?
A steep rise in short interest was recorded in Universal Health Services, Inc. stocks on Mar 28, 2024, growing by 70000.0 shares to a total of 1.46 million shares. Yahoo Finance data shows the prior-month short interest on Feb 29, 2024 was 1.39 million shares. There was a rise of 4.79%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.36% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.19.
